Verifying with Bank Consortium Data

Verify bank accounts using bank consortium data

With Modern Treasury's Compliance product, you can verify bank accounts using bank consortium data. The checks verify account status (e.g. is the account open and valid) and ownership (e.g. does the owner match the user).

The User Onboarding flow can perform KYC / KYB, as well as bank account validation. If you are just interested in bank account validation, configure a flow to just perform bank risk checks. The User Onboarding guide contains more information about how to integrate.

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