pdf

100x improved
User experience

Online Bank Account Statement Verification Software

Improved user experience, reduced risk, and improved bottom line with DIRO's instant bank verification.

Request a demo

Online Bank Account Statement Verification Software

Improved user experience, reduced risk, and improved bottom line with DIRO's instant bank verification.

Request a demo

pdf

100x improved
User experience

Solves for all micro-deposit use cases that takes 3-5 days and where only 50% gets verified.

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Verify any international bank data, which no current technology can do

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Solves for edge cases in your waterfall handling 2-factor authentication at login with 100% coverage where other technologies fail.

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Replace high risk screen-scraping completely as it is bad business practice. Get ready to comply with new regulation coming into effect

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DIRO can access and verify bank account information

With automated user consent and impersonation checks, DIRO can access any bank with no integration, anywhere in the world. DIRO guarantees the authenticity of the captured and verified data.

Watch how DIRO can verify any bank data in under 2 minutes with user consent and impersonation check.

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Solve all micro-deposit use cases

Many banks use micro-deposit as the primary or back-up solution to verify bank accounts. It takes 3-5 days to complete. The challenge is that it only verifies the customer's access to a bank, not the name of the account holder. Therefore, micro-deposit exposes banks to unnecessary risks. And, only 50% of new customers complete this verification method ‐ which is lost business opportunities.

From 3-5 days to

seconds

Solve edge cases in your waterfall

In the onboarding process of new customers online, banks require users to verify source of funds. In average 30% of new customers cannot be verified instantly using screen-scraping technologies. This leads to a micro-deposit verification process, which is a poor user experience.

The reason why screen-scraping technologies fail is due to 2-factor authentication at login. DIRO solves for this with 100% access to all banks around the world.

30%

left on
the table

Verify International Bank Account

For the first time, banks can now verify international bank accounts and ownership of funds. Historically, no technology has been able to solve for this. Which opens up a massive business opportunity for banks servicing international clients with reduced risk.

DIRO offers access to all banks in all countries, 100+ languages with certified translations, 24/7 live coverage, and instant verification.

100%

global
coverage

Replace high risk screen-scraping

The most popular method for instant bank account verification is using screen-scraping technologies. This means that a user share their user name and password to their bank for the screen-scraping company to login and access all their bank data.

This method exposes banks to high risk. It is also questionable from a privacy and ethical standpoint. Both the European Union and California recently banned this technology.

Replace high risk
screen-scraping

warning-graphic

The most popular method for instant bank account verification is using screen-scraping technologies. This means that a user share their user name and password to their bank for the screen-scraping company to login and access all their bank data. This method exposes banks to high risk. It is also questionable from a privacy and ethical standpoint. Both the European Union and California recently banned this technology.

What you need to know about screen-scraping

High risk as they store consumer user name and password. Can be damaging for banks if they are hacked.

Known for selling customer bank data to third parties with few restrictions.

GDPR in EU and new privacy act in California bans screen-scraping technologies in banking.

Access to sensitive consumer bank data and limited restrictions on how to use this data.

Consumer privacy concerns, as it's easy to identify the end-user in purchased data sets (90% identified).

Captures excessive data, basically everything behind username and password with frequent entry.

What DIRO does differently to screen-scraping

Only captures what needs to be verified.

Always with impersonation checks.

Never store, share, or sell data to third parties.

Never store consumer user name and password.

Always with user consents (GDPR compliant).

No access to sensitive bank or consumer data.

Request a demo

100% Secure Instant Bank Account Verification

Most banks use outdated screen scraping technologies for bank account verification online, however these technologies can lead to consumer privacy concerns. 100% secure bank account verification has been made with DIRO.

DIRO allows instant bank verification which improves the consumer experience and onboarding process. It also mitigates the risk of financial fraud as online banking verification is done with automated user consent and strong impersonation checks.

DIRO’s technology reduces the need for redundant processes like micro deposit to verify bank accounts. Improve the bank account verification online process with leading industry expert “DIRO”.

Real Time Bank Account Verification Tool to Eliminate Fraud

Bank account verification tools tend to be inefficient and slow. Even the best bank account verification software fails to be efficient when tackling evolving bank-related fraud or money laundering. No bank verification service has been able to verify account ownership of both domestic and international banks. DIRO’s bank verification API changes that and eliminate the risk of fraud from the process.

DIRO’s instant bank verification software has 100% global coverage. Businesses and financial institutions can access and authenticate information from any bank in any country, access translation from 100+ languages, 24/7 live coverage, and receive instant bank account ownership verification.

DIRO’s bank verification software offers instantaneous bank verification which helps in enhancing the user experience and customer onboarding process. Thus, DIRO reduces the risk of financial fraud as its online bank verification is supported by automated user consent and impersonation checks with audit trail to meet regulatory requirements.

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New York, NY 10018, United States

DIRO Labs, Ltd., Queens Yard
E9 5EN London, United Kingdom

Plot no 66, Okhla Industrial Estate,
Phase-III, New Delhi - 110020, India

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