Bank account verification
Strengthen your compliance processes with additional identity checks
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Knowing exactly who you’re working with is critical in protecting your firm from the risk of money laundering and fraudsters.
Our bank account verification adds an extra layer of security and compliance to your firm by ensuring the account money is transferred to and from belongs to your client.
Our bank account verification
Our bank account verification tool is powered by Experian, so you can count on real-time, reliable authentication data.
And it’s simple to use! All you’ll need to do is enter the sort code and account number your client has provided. You’ll then gain immediate confirmation of association between entered details with name and address on the report.
By adding bank account verification to your compliance checks, you will benefit from stronger verification of clients.
You can choose to add our bank account verification as a standalone tool, or within our wider AML or KYC solutions suites and via API.
Safeguard your business with our KYC suite
Our KYC suite aims to take the stress of getting compliance right, off your hands. With our solutions suite, you can sit back, and we’ll do the work for you! Utilising world-class databases, you can rest assured the results you’ll receive are current and reliable.
When you choose our KYC solutions, you will be able to:
- Mitigate against fraud: Our KYC solutions strengthen your customer risk management process, and help to improve your overall customer experience.
- Expedite and upgrade the customer experience: Our KYC solutions enable you to efficiently and effectively verify client information for streamlined onboarding.
Go beyond basic-level compliance with Veriphy
When you choose our bank account verification tool, you are also choosing more robust compliance processes and streamlined client onboarding.
Our experts can help you to seamlessly integrate our bank account verification into your existing compliance systems, meaning all your compliance checks are in one place.
