The intricacies of the regulatory framework in France, Germany & the rest of Europe allow diverse approaches for setting up digital onboarding processes. A set of measures need to be in place in order to know your clients, mitigate risk & prevent money laundering.
Our solution
Bank Account Verification checks that a bank account holder is the same person whose identity has been previously verified & that they are authorized to initiate payments from the account. The BAV integrates seamlessly into the digital onboarding, adding another layer of security.
Use cases
Digital onboarding in multiple European markets including France and Germany, bank account ownership check, account takeover fraud prevention.
Conclusive outcome within 30 seconds
The perfect balance between compliance & convenience. Fulfill regulatory requirements while offering a fast, frictionless user experience. Our solution takes care of the entire process: from payment initiation, to reconciliation, to refund.
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