Understand Your Users
What are your users' financial patterns and behaviors? Are they a good match for your services? With real-time access to transaction data, you can instantly understand your users' account behavior. So you can maximise fraud detection and evaluate risk, quickly and easily.
By adding our Transactions Verification service to Envestnet | Yodlee® bank Account Verification, you can leverage transaction and bank data to confirm users' financial behavior.
Support Regulatory Adherence
Compare and verify transactions to meet global rules for fraud screening and strengthen account verification processes.
Reduce Risk and Fraud
Leveraging transactions can help you understand consumer account behavior and identity fraudulent setup.
Plug-and-play API enables you to get started quickly and seamlessly and add additional use cases as your business grows.
Reduce costs by reducing payment failures and fraud access and replacing debit card transactions with ACH transfers.
Transaction Verification Use Cases
Real-time access to transactions can be used for number of solutions, like:
- Credit: Quickly determine whether a potential borrower can to pay back a loan.
- Personal Financial Management (PFM): Automatically trigger financial alerts that enable users to take action. Because users don’t have to manually upload financial statements, user adoption and retention are increased.
- Customer support: Understand users’ account behavior to target the right customers with the right service, offer, or message.
Get Started With Transaction Verification
Use account transaction verification to validate accounts and understand account behavior to prevent fraud and evaluate risk.Get Started