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 Transaction verification service to Envestnet | Yodlee® Account Verification, you can leverage transaction and bank data to confirm users' financial behaviour.
Instant access to financial data confirms the existence of the account and the account balance in seconds with bank account validation.
Reduce Risk and Fraud
Leveraging transactions can help you understand consumer account income and spending behaviour 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
As an active, Accredited Data Recipient and Intermediary under the CDR, we adhere to the highest security, compliance, and consumer privacy standards.
Verifying account transaction details enables smoother, more reliable risk based payment process
Browse our library of white papers, case studies, and webinars to learn more about account and identity verification.
Transaction Verification in 3 Easy Steps
Using our Transaction Verification solution is simple. Here’s how it works:
- The consumer selects their Financial Institution through Envestnet | Yodlee FastLink
- The consumer enters their banking credentials, which are encrypted and securely processed
- Account details are returned for that Financial Institution