Business Account Check is a software solution designed to expedite and secure the onboarding of business customers. It achieves this by instantly verifying the ownership and accuracy of business bank accounts, eliminating manual processes and significantly reducing the time-to-live for new accounts. The software integrates seamlessly into existing application journeys, allowing businesses to build instant verification directly into their onboarding flows. This results in faster customer acquisition and improved operational efficiency. Key functionalities include instant verification of account ownership before issuing payments, ensuring accurate payouts every time. It also provides real-time visibility into account information, enabling businesses to conduct due diligence checks quickly and easily, thus mitigating fraud and liability risks. The software offers a seamless business account setup process, reducing administrative workload and allowing businesses to focus on core operations. It's designed to be accurate, with a claim of 100% accuracy in validating bank account ownership, and efficient, with a stated setup time of just four weeks. The software is available in major European markets, supporting multiple languages and offering integration options through both an intuitive console and a PSD2-compliant open banking API. The Tink Console provides a user-friendly interface for configuring, customizing, and analyzing integration performance, including features like no-code customization, granular analytics, and demo user credentials for testing. The API allows access to high-quality financial data from European banks through a single integration, simplifying connectivity and enhancing scalability.

Features

Instant Account Verification

• Quickly verify business bank account ownership and details to reduce onboarding time.
  • Reduces time-to-live by days or weeks.
  • Improves customer experience.

Accurate Bank Information

• Get precise bank details in seconds to ensure accurate payments.
  • Minimizes payment errors.
  • Enhances payment accuracy.

Fraud Prevention

• Protect against fraud and liability with real-time account visibility.
  • Reduces risk and simplifies due diligence.
  • Safeguards both business and customer interests.

Seamless Integration

• Easily integrate the verification process into your application journey.
  • Supports Direct Debit and payout onboarding.
  • Offers flexible integration options (API and Console).