Signicat Open Banking Hub, transform your onboarding and authentication
Unleash innovative and efficient financial transparency with Open Banking, the true game-changer in financial services.
Experience flawless onboarding with Bank Account Verification from Signicat Open Banking Hub - smooth, swift and secure.
Benefits
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One-stop-shop
Expanded onboarding and authentication suite with Open Banking Hub.
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One integration
One point of entry to access all Open Banking services.
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Multiple aggregators
Higher reach and greater geographical coverage with leading aggregators.
Unlock the Signicat Open Banking Hub
When certainty of a bank account is crucial, we offer Bank Account Verification.
How about evaluating a customer´s financial capability based on bank transactions? We offer Affordability Checks (planned during Q2, 2024).
Identify verification, risk reduction and fraud prevention, all in one smooth process for efficient and seamless onboarding throughout Europe.
With Open Banking Hub from Signicat, we've got you covered.
Bank Account Verification
Confirm ownership and validity of a bank account using Bank Account Verification. No need for time consuming manual checks or waiting for penny drops, it's all digital.
Discover Bank Account Verification benefits:
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Customer onboarding cross borders. Provide your customers with a seamless onboarding experience, onboarded in a matter of minutes (instead of days) and increase conversion by 20 %.
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Ensure correct bank account. Limit risk and protect against account fraud with secure, real-time data directly from the users’ bank account.
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No more manual verification. Increase operational efficiency and save time and money by automating the verification process. Avoid friction, stop relying on penny drops and verify in an instant.
The importance of aggregators
Open Banking providers or aggregators play a crucial role in the open banking framework. They serve as the middleman for financial data, connecting bank accounts across borders with various services.
In accordance with PSD2, every European bank must give third party financial aggregators access to bank accounts, provided the account holder consents.
Signicat is joining forces with top aggregators to expand its reach globally, ensuring wide coverage and a diverse range of services.
Open Banking focus industries
Open Banking Hub industries and scenarioes
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- Bank account verification before pay-outs (wallets, brokers and wealth management).
- Risk management based on credit scoring.
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- Employee onboarding to have the correct bank account number on file.
- Prevent fraud when changing bank accounts.
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- Bank account verification before pay-out of insurance claims.
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- Prevent social benefit frauds by checking if the bank account is in the name of the beneficiary.
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- Risk management based on credit scoring.