About Verify
Lightning-fast proof of account ownership
Lightning-fast proof of account ownership
With Volt Verify, you can confirm a customer's full name and account number via secure access to their bank account. No more manual processes, penny testing or unstructured data. Verify is faster, more affordable and saves you valuable time.
Volt's REST API allows you to offer the Open Banking Account Information Service. We handle the verification process and access the bank details of your customer, once they provide consent.
Available Markets
Verify is currently available in Austria and Germany. More countries coming soon.
Why it's needed
Manual account authentication is problematic because you need to ask customers for additional KYC documentation. This causes many to drop off. Manually processing documentation, which is inherently slower, also leads to costly errors.
| Problem | With Verify |
|---|---|
| Manual KYC document requests | Instant bank verification |
| Customer drop-off | Seamless user experience |
| Slow processing | Real-time results |
| Costly errors | Automated accuracy |
| Penny testing delays | No test transactions needed |
GDPR Compliant
Security first - Verify adheres to GDPR. All details fetched from customers' banks are encrypted. By providing the scope of the fetched data, you're able to get only the information required for your specific business use case.
You control exactly what data you request. Only fetch what you need for your verification process.
How does Verify work?
Verify uses Account Information Services (AIS) - a regulated Open Banking service that allows authorized third parties to access bank account information with the account holder's consent.
Request account access
Your application requests account access via the Verify API, specifying the scope of information needed.
User authorisation
The user is redirected to their bank to authenticate and consent to sharing their account information.
Retrieve account data
Once authorised, you receive the account holder's name and account details for verification.
Match and verify
Compare the retrieved information against your records to confirm ownership.
Account Access Response
After successful authorisation, the Verify API returns account information:
{
"accountAccess": {
"status": "COMPLETED",
"accounts": [
{
"iban": "DE89370400440532013000",
"accountHolderName": "Max Mustermann",
"currency": "EUR"
}
]
}
}Getting started
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