Account Verification

Instantly Verify Bank Accounts with Qwist!

Onboard customers faster and stop fraud in its tracks. Qwist’s Account Verification confirms account ownership in seconds, providing a seamless and secure experience for everyone.

Key Features for Your Business

• Prevent Fraud: Instantly match the customer's name to their bank account (IBAN) to stop payment fraud before it happens.
• Boost Conversions: Eliminate slow, manual steps. A smooth, instant verification process means more customers complete your onboarding.
• Meet KYC & AML Rules: Effortlessly fulfill legal requirements by getting undeniable, bank-confirmed proof of account ownership.
• Automate Your Workflow: Free up your team from manual checks and data entry, saving time and money.
• Your Brand, Your Flow: Integrates seamlessly into your app or website for a consistent and trustworthy user experience.

A Simple & Secure Customer Experience

• Verified in Seconds: Customers verify their account in real-time. No more waiting for days for micro-deposits to clear!
• Smart & Easy: No need to manually type in long IBANs or upload bank statements. The process is quick and error-free.
• Bank-Level Security: Customers log in directly with their own bank, an environment they already know and trust. Their credentials are never shared.
• One-Click Consent: A simple, clear request for one-time consent is all it takes.

How It Works in 3 Simple Steps:

1️⃣ Connect: The user securely logs into their own bank from your app.
2️⃣ Consent: They give one-time permission to share their name and IBAN for verification.
3️⃣ Confirm! The account is instantly verified, and the user continues their journey without interruption.

For full product details, check our flyer below or visit: https://qwist.com/en/products/activate/account-verification/