iDenfy Bank Verification Service is an open banking-based solution that verifies bank account ownership and retrieves financial data for customer onboarding and fraud prevention purposes. The service connects to 2,500+ banks across 29 EU countries via a single integration. Verification is performed in real-time by authenticating users through their bank login credentials and matching that information against onboarding data. Key capabilities include: - Automated retrieval of account holder identity data (full name, IBAN, and bank details) directly from bank accounts - Cross-checking of bank account ownership details against other identity information - Transaction history access with complete audit logs including dates and amounts - Customer risk profiling by evaluating transaction risks and financial health - Balance sheet verification and debt identification - Proof of funds verification via extracted bank statements - Downloadable PDF reports for auditing purposes The service can be integrated via API, iFrame, or mobile SDKs. It is designed to complement iDenfy's broader identity verification suite, including ID checks and business verification. The product complies with GDPR and CCPA, and holds SOC, ISO 27001, and iBeta ISO 30107 certifications. Sensitive bank data is used only for verification purposes and is not stored.