Account verification
Instantly verify identity and account ownership with financial data
Empower your business with secure transactions. Reduce frauds, enhance conversion and minimize failed payments by verifying account ownership and checking available balance.
Trusted by the leading financial innovators
Instantly verify bank account ownership with a fluid user experience
Reduce fraud
Fetch data straight from the user’s bank to instantly verify account ownership and forget about long forms or micro-deposits.
Higher conversion
Increase operational efficiency and eliminate human errors when inputting banking information such as account numbers by using bank-provided data.
Minimize failed collections
Check the available balance before charging your customers and improve payment conversion.
Open finance as an additional tool for account verification
Lenders can instantly verify account ownership, reducing identity theft fraud
Confirm that the user is the account’s rightful owner while reducing friction in the loan application process. By verifying loan applicants’ identity faster, they get approved quickly, and credit approvals increase.
Check balance availability before top-up wallet
Verify that there are enough funds in the account being used before processing the payment. Avoid failed payments by adding an additional verification tool to your payment process. Quickly detect balance anomalies and reject payments before they occur.
Easy account activation for digital banks
Remove lengthy forms and manual paperwork in your sign-up process and let your users verify their bank account directly in your application. Users who want to activate or open a new account can do so by connecting their account instantly in a few clicks. Digital banks can complement KYC processes and reduce their dropout rate by up to 25%.
Speed-up payouts
Eliminate the need for manual input of banking information, such as account numbers, and eliminate human errors by using bank-provided data. Forget about microdeposits and ensure that the recipient is the rightful owner of the account by requesting users to connect one of their banking accounts.
How it works
Related guides & docs
Open Finance for lenders guide
Discover how open finance technology can help improve conversion and build better lending solutions.
Integrate and start using Account Verification
Verify users’ banking and personal information with just a few API calls: fewer errors, faster ID verification, and better onboarding.
Streamlining access to credit in Mexico
Discover how they instantly access users’ personal information to provide credits in just a few minutes.
Our partnership with Belvo has been a game changer. Instant verification of account ownership through open finance data has eliminated the need for paperwork. Our customers value speed and efficiency, which has positioned us as a simple-to-use, customer-centric lending platform.
Mario Arturo Chávez
Country manager
We can’t wait to hear
what you’re going
to build
Belvo does not grant loans or ask for deposits
