Bank Account Verification API

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Bank Account Verification API
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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.
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Index

• What Bank Account Verification API?
• How Does Bank Account Verification API Work?
• USP of Bank Account Verification API
• Integrate Bank Account Verification API
• Uses of Bank Account Verification API
• About Signzy

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What Bank Account Verification API?

• 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.

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How Does Bank Account Verification API Work?
Add customer bank account number and IFSC code
Will hit banking information system to validate
the account details
Instant bank account verification is done and
ready for transactions
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USP of Bank Account Verification API

• Dependable, yet seamless process
• Accurate Perception of Behaviour and Credit
• Smooth and Scalable

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Integrate Bank Account Verification API

• Easy To Use
• The Signzy Bank Account verification API is
  optimized to provide the best user
  experience. It's simple and easy.

Stops Fraudsters 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.
Reliable Verification Our system verifies all the
information provided with the respective Banks
available database rendering them legit and
accurate.
Real-time Verification The data is retrieved and
verified within a matter of seconds saving you
time and effort.
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How to Verify Bank Account

• 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 Banks database. You can extract
  the data.

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Uses of Bank Account Verification API

• Verifications during Banking Processes
• Claims in Insurance
• Background Verification of Individuals

https//signzy.com/fintech-apis/bank-account-verif
ication-api/ https//signzy.com/kyc-kyb-and-kycc-
how-specializing-verification-improves-processes/
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About Signzy

• 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.
• Signzys 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 companys product team is based out of
  Bengaluru and has a strong presence in Mumbai,
  New York, and Dubai.