We’ve introduced an option to include bank verification as part of the identity verification flow. This feature allows you, as our partner, to more easily collect banking data from registering users, based on your compliance or business requirements. Before enabling bank verification within the identity flow, please ensure that you comply with all applicable regulations that may affect your company. Requiring bank verification is particularly useful in the following scenarios:Documentation Index
Fetch the complete documentation index at: https://documentation.idenfy.com/llms.txt
Use this file to discover all available pages before exploring further.
- You want to prevent the onboarding of illegitimate users.
- Your internal processes require insight into the financial status of potential partners.
- You operate in a high-risk industry.
- You need to ensure the user is not involved in money laundering activities.
- You want to assess a registered user’s financial situation.
- Verifying bank details is required by local laws or regulatory jurisdictions.
- You need to perform enhanced due diligence on users.
- Or in other relevant use cases.