Bank Account

Verification
API
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.
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
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.
How Does Bank Account Verification API Work?

Add customer bank account Will hit banking information system Instant bank account verification
number and IFSC code to validate the account details is done and ready for transactions
USP of Bank Account Verification API
• Dependable, yet seamless process
• Accurate Perception of Behaviour and Credit
• Smooth and Scalable
 Integrate Bank Account Verification API

Easy To Use Stops Fraudsters Reliable Real-time

Verification Verification
The Signzy Bank With prime precision,
Account verification our API will detect Our system verifies The data is
API is optimized to fraudsters who try to all the information retrieved and
provided with the
provide the best use fake Bank Accounts respective Bank’s verified within a
user experience. It's or fake Bank Account available database matter of seconds
simple and easy. credentials. We will rendering them saving you time and
ensure your safety. legit and accurate. effort.
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 Bank’s database. You

can extract the data.

Uses of Bank Account Verification API

• Verifications during Banking Processes

• Claims in Insurance

• Background Verification of Individuals

https://signzy.com/fintech-apis/bank-account-verification-api/

https://signzy.com/kyc-kyb-and-kycc-how-specializing-verification-improves-processes/
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.

• 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.