According to the United Nations (UN), 2% to 5% of the global GDP is laundered annually, and an estimated 90% of money laundering activities go undetected.
• Financial institutions must confirm the Bank Accounts of their customers to establish the credibility of their customers.
• Signzy's Bank Account Verification API helps you verify this information with confidence and ease. This helps you establish the legitimacy of the client while also preventing fraudulent transactions.
• The majority of regulatory bodies recommend the internet-based Bank Account verification systems for specific institutions and organizations to ensure that their clients' credibility and ensure that the account is in fact valid. The only thing we require to conduct this verification process is the specific credentials of the account holder.
Account verification
API is optimized to provide the best user experience. It's simple and easy.
With prime precision, our API will detect fraudsters who try to use fake Bank Accounts or fake Bank Account credentials. We will ensure your safety.
The data is retrieved and verified within a matter of seconds saving you time and effort.
Verifying Bank Account Card Details have never been easier. Following are the steps:
• Once You receive the link to the inquiry form, access it and fill in your details.
• After this, the Bank Account verification API is to be integrated.
• Enter the Bank Account Number and CDSL code in the dialogue boxes.
• The API verifies the respective Bank Account and Code from the Bank’s database. You can extract the data.
https://signzy.com/fintech-apis/bank-account-verification-api/ https://signzy.com/kyc-kyb-and-kycc-how-specializing-verification-improves-processes/
• Signzy is a market-leading platform redefining the speed, accuracy, and experience of how financial institutions are onboarding customers and businesses – using the digital medium.
• Signzy’s marketplace of 240+ bespoke APIs that can be easily added to any workflow with simple widgets.
• Signzy is enabling ten million+ end customer and business onboarding every month at a success rate of 99% while reducing the speed to market from 6 months to 3-4 weeks.
• The company’s product team is based out of Bengaluru and has a strong presence in Mumbai, New York, and Dubai.