Identity Verification

Bank Identity Verification

Bank identity verification is an account verification solution that uses bank account holder details to verify an account owner’s identity and prevent fraud.

Request Information About Bank Identity Verification

Know and Trust Users

Verify Account Holders

How do you know your online users are who they say they are? With our identity verification, you can instantly confirm that your users are the legitimate account owners. Account details like address, email, and phone number serve to authenticate users, ease the KYC process, maximize fraud detection, and reduce risk.

This product is available via
  • APP
  • API

What Is A Bank Identity Verification API?

Identity verification is a critical process to ensure that the person who is opening a bank account or applying for loans is the person they claim to be. Bank identity verification plays an essential role in open banking, anti-money laundering (AML), and know your customer (KYC) processes. For banks to be able to fulfill such verification services, they need to connect to a database. Envestnet | Yodlee identity verification API allows different applications to communicate, allowing banks to get instant access to customers’ financial data and avoid time-consuming ID verification.

Fast Identity Verification Process

Key Benefits 

Bank identity verification confirms users' identities and financial information while providing a fast and seamless customer experience.

Real-Time Validation

Instant access to financial data confirms the existence of the account and provides the holder details.

Fight Fraud and Prevent Identity Theft

Identity checks using DDA info can help verify users and reduce fraud.

Quick Onboarding

By auto-filling forms with account holder details from bank accounts, you can ease the user experience.

Easy Integration

Plug-and-play APIs enable you to get started quickly and add additional use cases as your business grows.

Complements Know-Your-Customer Standards (KYC)

KYC standards are designed to protect financial institutions against fraud, corruption, and money laundering. A customer identity verification API enables banks to complement Know Your Customer procedures during user onboarding.

Market-Leading Data Coverage

As the market leader in aggregation, we retrieve account holder names and other details from a vast array of sources.

Learn More About ID Verification APIs

Browse our library of white papers, case studies, and webinars to learn more about bank and customer identity verification.

Solution Brief

Account Verification to Mitigate Fraud and Risk

To reap the rewards of ACH, businesses must minimize the risk of payment returns due to NSF, invalid accounts, and fraud. Envestnet | Yodlee Account Verification can ensure an account is valid in seconds.

  • Validate Bank Account
  • Confirm Account Access
  • Reduce User Input Error
  • Streamline Funds Transfer