UK based open banking FinTech Volt has launched account ownership authentication in Europe.
In Brief:
Verify is a new tool that offers “ultrafast” account ownership authentication.
It’s being launched in the UK, Ireland, France, the Netherlands, Germany and Australia.
The product aims to automate and simplify how businesses across markets verify bank account ownership.
What does this mean?
The aim is to cut out the reliance on manual processes, legacy credit bureaus and unstructured data. Verify will enable banks across sectors to confirm the users’ full, bank account number, and account balance.
