Instantly Verify Customer Identity with Confidence

A safe, secure, and quick way to verify customer identities and connect verified accounts in real-time, reducing risk and enhancing compliance.

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The Challenge:
Ensuring Trust in Financial Transactions

In today’s digital landscape, ensuring that the individual, or customer, you are servicing is indeed the account holder is critical. Fraud prevention is a top priority, especially for businesses required to comply with know-your-customer (KYC) and FINTRAC regulations. Without accurate identity verification, companies face increased risks, including fraud and data breaches, which can severely impact their operations and reputation.

The Solution:
Inverite Bank Verification Name Match

Our Bank Verification Name Match feature is specifically designed to validate and compare customer names against the names stored within a bank’s database. By adding this extra layer of security, our solution helps businesses meet KYC and FINTRAC requirements with the Dual Method, ensuring that the person conducting the transaction is the legitimate account holder. This feature enhances fraud prevention measures, instills confidence in your customers, and protects your business from potential risks.

Use Cases

Exact and Partial Name Matching

Our advanced algorithms perform both exact and partial matches, accounting for variations such as nicknames, initials, and common typographical errors.

Confidence Scoring System

The confidence scoring system provides a numeric value ranging from 0 (no match) to 1 (exact match), indicating the likelihood that the provided name matches the bank information.

Real-Time Verification

Instantly verify and connect verified accounts, reducing the time and effort required for identity verification while removing any human error with the use of automation

Secure API Integration

Seamlessly integrate with our secure API to activate name matching and retrieve bank data, including name-match results with confidence scores.

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Experience fast and reliable verification.

Widest coverage of financial institutions in Canada – trusted by millions

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Features

Transaction history from 275+ Canadian Banks and Credit Unions
Flexible reporting length up to 365 days
Transaction categories and summaries
Complimentary 30-day account refreshes
Full Account, Transit and Institution numbers from 40+ Canadian Financial Institutions
Account Owner Name, Address & Contact information
Chequing, Savings and Credit Card accounts
Four distinct API’s to meet your exact integration requirements
Zero-integration options including standalone portal and hosted landing pages
Multilingual support for English, French and Spanish
Dedicated support staff for helping your customers by phone and email
Built around PCI Data Security Standard 3.2.1 to keep your data safe