ACCOUNT ASSESSMENT

Verify your suppliers' and clients' IBANs via API

The worst time to detect a suspicious IBAN? After a payment has been executed. Integrated into our payment API, our IBAN verification service runs a security assessment on your beneficiaries, before a single cent even leaves your accounts.

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Filter out suspicious beneficiaries before losing a single euro

End-to-end payment lifecycle management via API

Our Premium Account and Cash Management API features a built-in IBAN verification module (Account Assessment). Highly praised by our clients, who process 65% of their transaction volume through it, our versatile API automates the execution of your EUR and foreign exchange (FX) payments in real time, while thoroughly screening the IBAN to be credited or debited.

Beneficiary-IBAN matching verification

Automatically verify the match between the beneficiary's identity (based on Name, SIREN, or LEI) and the provided IBAN. This ensures that the funds are routed to the legitimate entity.

Screening of credit transfers and direct debits

This security check applies to all your transactions: it secures both your credit transfer orders to an IBAN and your direct debit mandates from an IBAN.

IBAN fraud history and alerts

Our systems continuously query interbank networks and trace the history of IBANs over a two-year period. Has an IBAN been reported as fraudulent in the past? Has a healthy account shown recent signs of compromise? In both scenarios, you are immediately alerted.

Real-time notifications via webhooks

Integrate security without slowing down your operations. Thanks to webhooks, your information system is notified automatically and in real time of the outcome of each verification.

Verification decoupled from payment execution

IBAN verification is in no way contingent upon the execution of a credit transfer. You are entirely free to orchestrate it at any stage of your workflows.

A detection standard exceeding VoP regulatory norms

An unprecedented cross-referencing of billions of European transactional data points

Benefit from a unique level of reliability. The API conducts its assessment by leveraging both European interbank data, sourced from the Fraud Pattern and Anomaly Detection (FPAD) tool of the EBA Clearing house, and regulatory data derived from the European Verification of Payee (VoP) standard.

Pan-European coverage

Our API ensures the verification of IBANs located across all countries within the SEPA zone, encompassing 36 countries.

A 20% precision gain compared to standard VoP

The richness of the data utilized drastically reduces false positives. You benefit from a precision level that is 20% higher than solutions limited to the standard VoP framework.

Fraud management integrated into your payment lifecycle

This verification service is one of the endpoints (end-point) of our versatile Premium Account, Cash and Liquidity Management API. This API can be integrated within a few days, without requiring lengthy and costly IT projects.