100x improved
User experience
Improved user experience, reduced risk, and improved bottom line with DIRO's instant bank verification.
Request a demoImproved user experience, reduced risk, and improved bottom line with DIRO's instant bank verification.
Request a demo100x improved
User experience
Solves for all micro-deposit use cases that takes 3-5 days and where only 50% gets verified.
Learn moreVerify any international bank data, which no current technology can do
Learn moreSolves for edge cases in your waterfall handling 2-factor authentication at login with 100% coverage where other technologies fail.
Learn moreReplace high risk screen-scraping completely as it is bad business practice. Get ready to comply with new regulation coming into effect
Learn moreWith 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.
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
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
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
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.
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.
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.
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.