White paper: Financial Data Sharing Scheme

Identity & AML

Use our Open Banking platform for automated identity verification and money laundering prevention. In addition, our AI platform enables, for example, a simplified know-your-customer (KYC) process for identifying your customers or business partners in real time.

Find out which innovative and cost-effective solutions are possible with BANKSapi.

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Use cases

Reference transfer/
1-cent bank transfer

The reference transfer, combined with a qualified electronic signature (QES), is a secure and legally compliant method of identity verification in accordance with the German Money Laundering Act (GwG). A SEPA transfer from a verified account confirms the identity of your customers quickly and reliably. This allows you to offer maximum security and at the same time meet all regulatory requirements in the payment process.

Account Holder
Verification

With Account Holder Verification, you receive the name of the account holder directly and tamper-proof. This method enables a secure cross-check of the account holder's name with other sources such as ID documents or KYC data. This ensures that the user is actually the rightful owner of the specified account, providing maximum security and protection against identity fraud.

Strong end customer authentication

With BANKSapi, you can use authentication at the bank, including strong customer authentication (SCA), as an additional security feature in your processes. By authenticating directly via the bank account, you ensure that the user's identity is confirmed reliably and tamper-proof. This is particularly advantageous in sign-up processes, as it allows you to offer secure, regulatory-compliant authentication while minimizing the risk of fraud.

Fraud prevention in real time

BANKSapi provides you with reliable fraud prevention in real time. Our solution continuously analyzes for potential fraud and money laundering suspicions and provides valuable insights into suspicious activity. In addition, we offer analyses that reveal indications of potential account takeover or other unauthorized actions in the user account. In this way, you protect your company and your customers from risks and ensure maximum security in payment transactions.

White Label

We understand that your digital frontends need to comply with your corporate identity guidelines. Therefore, our solutions are developed as white label products. This means we can flexibly adapt the UX elements – designs, logos, colors, fonts – according to your specifications.

With which
project may we
support you?

Get advice

We are your partner for Open Banking and Open Finance solutions. We would also be delighted to realize your idea or your specific project. Thanks to our many years of experience, we can also provide you with comprehensive advice.

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