Bank Verification Service for Enhanced Compliance
Streamline customer onboarding with direct open banking integration. Ensure compliance and simplify the verification process—all in one seamless solution.
Trusted by industry experts and global leaders
Instant bank login verification
Authenticate users in real-time by matching their bank login details with onboarding information.
Complete transaction audit logs
Access detailed logs of customer transactions, including dates and amounts, for full transparency.
2,500+ banks in 29 countries
Connect to all major European banks with a single integration for streamlined onboarding.
Request a detailed transaction breakdown
Leverage our open banking API to swiftly analyze your customers’ transactions.
- Assess customer risk profiles by evaluating transaction risks
- Grade customers based on financial health
- Verify balance sheets and identify potential debts
- Download complete PDFs for auditing
- Automate proof of funds verification with extracted bank statements
Onboard customers with familiar bank login
Enhance your onboarding experience by allowing customers to log in using their bank credentials when available.
- Automatically retrieve identity data (name, surname, IBAN, and bank details) from bank accounts
- Cross-check identity details with bank account ownership
- Protect customer data by using details solely for verification—no sensitive data storage
Frequently asked questions
What is the Goal of Bank Verification?
This process confirms the validity of a specific bank account, which is important for all businesses that offer online transactions, such as electronic transfers or direct deposits. The goal is to ensure that transactions are fraud-free and that the account holder is legitimate.
What is Automated Bank Account Validation?
How Does iDenfy’s Bank Verification Solution Work?
Outperforming competitors. Discover G2 ratings
See how we rank with competitors in key areas, backed by top ratings
and user reviews on G2.
| iDenfy | Jumio | Onfido | SumSub | Veriff | |
|---|---|---|---|---|---|
| Product Direction | 10.0 | 9.0 | 8.9 | 9.4 | 8.8 |
| Quality of Support | 9.8 | 9.0 | 8.5 | 8.9 | 8.3 |
| Ease of Use | 9.7 | 9.0 | 9.0 | 8.8 | 8.3 |
| NPS | 9.7 | 8.7 | 8.8 | 9.2 | 8.9 |
* According to G2 2024 Identity Verification Summer report.
Case studies
Get inspired by our customer success stories.
We’ve noticed a steady increase in the number of customers joining us each month, thanks to the improvements in automation and customization we’ve made by incorporating iDenfy into our KYC process.
Our team had to deal with increasing chargeback requests. iDenfy’s identity verification resolved this issue, reduced fraud, and improved our conversions while allowing us to continue our operations smoothly.
We can now provide a straightforward automatic KYC and AML system in the form of our easy-to-use Plugin, which has lifted the burden of manual documentation review.
iDenfy seamlessly integrates with our AML, KYC and KYB policies, offering sophisticated and scalable solutions to ensure compliance in new markets. They make verifying users and companies across multiple regions secure, efficient, and simple.
We seamlessly iDenfy’s age verification solution into our app through API integration and customized branding. iDenfy’s protocols are globally effective, helping us expand into international markets without the need for country-specific adjustments.
To provide services to the fintech industry, we often work with local companies with foreign UBOs. Without iDenfy, our ability to serve such customers would be limited, as their solution has played a critical role in our ability to rapidly and accurately verify the identities of our clients.
Save costs by onboarding more verified users
Join hundreds of businesses that successfully integrated iDenfy in their processes and saved money on failed verifications.
