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
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Company Facts
Product Details
Product Details
Instant Bank Verification Categories and Features
Online Banking Software
Loan Origination Software
Fraud Detection Software
Financial Services Software
Financial Risk Management Software
Banking Software
Instant Bank Verification Customer Reviews
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Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
IBV
Date: Aug 26 2020SummaryWe 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.
PositiveWe 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.
NegativeWhat we feel is missing from this service:
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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 -
Would you Recommend to Others?1 2 3 4 5 6 7 8 9 10
Save time in accounts verification
Date: Oct 26 2020SummaryOverall 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.
PositiveIts 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.
NegativeIts api integration is only with limited devices and sync error displays when open with multi devices.
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