London, UK (July 24, 2026)
iDenfy, a worldwide identification, compliance, and fraud prevention options platform, introduced the launch of its financial institution card authentication platform inside its software program dashboard. This new improve permits iDenfy’s companions to independently handle financial institution card authentication impartial of iDenfy’s core identification verification stream metrics, whereas counting on the identical degree of safety. In consequence, companions can create validation requests, generate validation hyperlinks and tokens, ship e mail invites, and see outcomes from a centralized view, all supported by their very own API endpoints, configurations, permissions, and even billing.
Checking account verification is the method of checking the validity of a checking account and whether or not it belongs to the one who claims possession of it. Typically used for on-line financial institution funds to cut back the chance of fraud. iDenfy builds card verification with its personal API endpoints, product configurations, permission settings, and billing choices, fairly than treating it as a bundled characteristic inside a broader onboarding stream, so companions who solely want card verification don’t have to undertake a full identification verification stack to entry card verification.
iDenfy CEO Domantas Ciulde mentioned the replace displays a broad repeating sample the corporate has observed amongst companions working throughout regulated industries.
“Not all companions who have to confirm financial institution playing cards want a full identification verification stream operating in parallel with financial institution playing cards. We stored listening to that request, so we constructed Financial institution Card Verification as a singular product with a centralized view and configuration, fairly than an extra characteristic, so companions can leverage it on their very own phrases,” mentioned Domantas Ciulde.
When a enterprise allows a financial institution card authentication stream, finish customers merely obtain an authentication hyperlink by invitation. Finish customers should confirm their financial institution card by deciding on and confirming card possession in two methods. One is to both seize the cardboard with a smartphone or different system resembling an iPad or laptop computer’s built-in digital camera, or add a card verification doc to confirm possession.
Optionally, you can too ask customers to enter the final 4 digits of their financial institution card to make sure larger accuracy. You will need to observe that solely the cardboard quantity and title are learn and the cardboard verification worth, also called CVV, shouldn’t be captured or saved as it’s categorized as delicate authentication knowledge. iDenfy strictly adheres to rules and protects customers from database breach assaults and publicity of fraud.
Upon profitable login, iDenfy extracts the related authentication knowledge and passes it to the shopper in real-time by means of its API and SDK. No additional motion is required.
Verified banking knowledge reduces the chance of identification fraud, resembling account takeover and misuse of stolen credentials. By verifying cost possession and transaction historical past fairly than counting on paperwork that may be cast or reused. It additionally helps companies keep compliant with PSD2 European Union guidelines and anti-money laundering and anti-terrorist financing frameworks that make on-line funds safe. New necessities such because the Fast Funds Regulation (IPR) are additionally forcing establishments to have sooner and verifiable methods to confirm who is definitely in charge of an account.
Due diligence checks are additionally sooner, as the information is obtained instantly from the financial institution fairly than from submitted paperwork. With a supplier like iDenfy, you possibly can usually confirm your checking account immediately utilizing real-time APIs. Whereas older strategies resembling micro-deposit might take days, trendy programs give compliance groups on the spot entry in real-time to confirm financial institution knowledge from over 2,500 European banks in 29 international locations.
As soon as a person offers the required knowledge, companies can mechanically retrieve identification particulars resembling title, surname, IBAN, and banking info instantly from the account, match these particulars to account possession, and use that knowledge solely for verification functions with out storing delicate banking info past that required for verification.
iDenfy CEO Domantas Ciulde added, “Centralizing verification requests and outcomes into one dashboard view might look like an operational element, however for companions who course of card verification at scale, it eliminates loads of guide monitoring that was beforehand executed outdoors of our platform.”
iDenfy companions now have entry to each a financial institution card authorization web page and expanded open banking options. It may be built-in by way of API, iFrame, or cell SDK, assist is on the market from the iDenfy workforce for easy setup, and no extra coding is required to activate the dashboard module itself.
For extra details about financial institution verification, please go to https://idenfy.com/bank-verification-service/.
About iDenfy
iDenfy is the identification, enterprise verification, and AML compliance platform trusted by over 1,000 firms worldwide. The platform combines AI-powered doc verification, biometric liveness detection, AML screening, and KYB options right into a single integration. iDenfy helps over 200 international locations and territories, is ISO/IEC 27001:2022 licensed, and SOC 2 Kind II audited. For extra info, please go to idenfy.com.
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