What is Instant Bank Verification?

Instant Bank Verification (IBV) is a cutting-edge service that allows lenders to confirm financial information in real-time with user consent. Utilizing IBV, you can authenticate user identities and mitigate the risk of fraud. Additionally, it enables immediate verification of account balances, employment status, and income levels while providing access to transaction histories. The ability to validate borrowers' assets directly from the source enhances the reliability of the lending process. With a flexible pricing model, you only incur costs for the services you actually use, making IBV an attractive option for various loan origination scenarios. This service is particularly well-suited for short-term loans, retail lending, auto financing, property rentals, and many other financial needs. Furthermore, IBV can be seamlessly integrated into your current website through a user-friendly web portal or a comprehensive document API. For more insights into how IBV can streamline your lending processes, be sure to explore our demo. By leveraging these functionalities, lenders can make informed decisions quickly and efficiently.

Pricing

Price Overview:
Flexible pricing. Contact us for details.

Integrations

No integrations listed.

Screenshots and Video

Instant Bank Verification Screenshot 1

Company Facts

Company Name:
MicroBilt
Date Founded:
1978
Company Location:
United States
Company Website:
www.ibvnow.com
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Product Details

Deployment
SaaS
Training Options
Documentation Hub
Online Training
Support
Standard Support
24 Hour Support
Web-Based Support

Product Details

Target Company Sizes
Individual
1-10
11-50
51-200
201-500
501-1000
1001-5000
5001-10000
10001+
Target Organization Types
Mid Size Business
Small Business
Enterprise
Freelance
Nonprofit
Government
Startup
Supported Languages
English

Instant Bank Verification Categories and Features

Online Banking Software

Brokerage
Cash Management
Chat / Messaging
Credit Card Management
Electronic Statements
Fraud Detection
Loan Management
Marketing Automation
Retail Banking
Single Sign On
Transaction Monitoring

Loan Origination Software

Amortization Schedule
Audit Trail
Closing Documents
Compliance Management
Customer Database
Digital Signature
Document Management
Fee Management
Loan Processing
Online Application

Fraud Detection Software

Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval

Financial Services Software

Analytics
Branch Optimization
Channel Management
Compliance Management
Customer Engagement
Performance Management
Risk Management

Financial Risk Management Software

Compliance Management
Credit Risk Management
For Hedge Funds
Liquidity Analysis
Loan Portfolio Management
Market Risk Management
Operational Risk Management
Portfolio Management
Portfolio Modeling
Risk Analytics Benchmarks
Stress Tests
Value At Risk Calculation

Banking Software

ATM Management
Compliance Tracking
Corporate Banking
Credit Card Management
Credit Union
Investment Banking
Multi-Branch
Online Banking
Private Banking
Retail Banking
Risk Management
Securities Management
Transaction Monitoring

Instant Bank Verification Customer Reviews

Write a Review
  • Reviewer Name: Cheryl C.
    Position: Director of On-Line Services
    Has used product for: 2+ Years
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    IBV

    Date: Aug 26 2020
    Summary

    We have been using IBV since 2013 or 2014. We have watched the evolution of this product internally and in the market place. We just want to make sure that Micro-Bilt is continuing to build on this platform and keep time or even lead in the industry.

    Positive

    We love that we are able to have an efficient and automated way for customers to provide us bank data and verification both in our stores and on-line. This reduces time for both our customers and our CSR's.

    Negative

    What we feel is missing from this service:
    Our number one request is real time balance/available balance check.
    Full account #
    All accounts tied to the log in.
    More accurate income identification (Direct Deposit amount, frequency and depositor.)
    Better transaction tags/groupings

    Read More...
  • Reviewer Name: Tejas .
    Position: VP Marketing
    Has used product for: 6-12 Months
    Uses the product: Daily
    Org Size (# of Employees): 100 - 499
    Feature Set
    Layout
    Ease Of Use
    Cost
    Customer Service
    Would you Recommend to Others?
    1 2 3 4 5 6 7 8 9 10

    Save time in accounts verification

    Date: Oct 26 2020
    Summary

    Overall a nice software for the stores, firms to verify the bank accounts, and transactions for reduce fraud chances. Real time cross verification helps the user to check and confirm the process of stabilization. Api links also available.

    Positive

    Its real time verification with banks allowed the lender's verification process in less time. It directly cross verify with the depositor bank details, its account linked, transactions, and MOD balance to confirm the financial strength.

    Negative

    Its api integration is only with limited devices and sync error displays when open with multi devices.

    Read More...
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