Fraud prevention encompasses various challenges, including accurate identity verification, secure transactions, and mitigating the risk of financial losses. Traditional methods relying on manual and paper-based documentation are prone to forgery, tampering and human errors. Without adequate checks released funds can be lost to fraudsters.
SOLUTION
Real-time IBAN verification
By leveraging secure APIs, financial institutions can access real-time customer financial data directly from banks, facilitating enhanced identity and account verification. Through IBAN verification, providers can validate the accuracy and legitimacy of customer-provided account information, minimising the risk of fraud.
Boost Conversion
Verify account ownership, balance information, and transaction history in real time for a faster and more reliable onboarding process.
Reduce Risk
Eliminate the need for manual data entry and paperwork, reducing the risk of forged or inaccurate documentation.
Enhance Efficiency
Offer a seamless and hassle-free onboarding experience by streamlining processes, enabling quick verifications, with secure access to accurate and reliable data.
Products you’ll need
Connect
Real-time access to an array of financial data via Open Banking APIs.
As we bid farewell to an exhilarating year, join us in reflecting on another month of remarkable achievements and growth. We will also look back at ...
