Account verification

Instant account verification

Digitise your AML and KYC processes with Monthio's instant account holder verification. Make better decisions in less time and optimise your loan approval process.
Purple icon of shield with tick mark representing the increased security financial institutions can experience with Monthio
Increased security
Rely on accurate consumer profiles instead of outdated predictions
Purple icon of a star representing the first class customer experience banks and lenders can offer with Monthio
First-class customer experience
Let us take case of verification, so you can focus on customer success
Young woman is satisfied with loan approval process. A smartphone graphic shows her accounts.

Streamline verification with an effortless instant process

Purple icon of check list used to demonstrate peace of mind for credit advisors
Peace of mind for credit
Ease the pressures of compliance, by automating account verification. Now your credit team can adhere to regulations effortlessly and gain more time to deliver value in other areas.
Purple icon of 2 arrows showing speed used to demonstrate faster loan applications
Speed up
Seamlessly verify account details, minimize drop-off rates and achieve instant onboarding. Unlock efficiency and speed for a better lending process.
Purple color icon with downwards arrow in a graph used to demonstrate decrease loan applicant drop-off when making credit assessments
Decreased applicant
With digital verification, you reduce the chance of applicants abandoning the loan process. This means an increased conversion rate and better company reputation.

4 easy steps

Simple for your applicant, transformative for you
Graphic showing smart phone in purple color with green check mark saying Account Verified

“Since partnering with Monthio, we have been able to process more loan applications using fewer employee resources. The app also gives us a deeper applicant insight ensuring even more accurate decision making and easier documentation.”

Head of credit - Consumer Loan Provider
Image of white girl in black t shirt on laptop applying for a loan

“Monthio allows us to process a case in 5 minutes, down from 30. It is a crucial element of our credit assessment. Monthio is the key to our entire credit rating process.”

Head of credit - Corporate & Consumer Loan Provider
Image of group of employees, loan officers or credit advisors

“Getting up and running was painless. It was a fast and efficient implementation process.”

Danish Leasing Provider
Image of man in pink t shirt on the phone who is satisfied with loan approval process

Open Banking

Unlike other creditworthiness solutions, Monthio goes beyond Open Banking. We analyze a wider range of financial data than just PSD2, employ superior algorithms, and apply meticulous categorization techniques. Start making informed and accurate approval decisions in less time.

verification FAQs

How does Monthio leverage open banking and other data sources to provide instant account verification?
How does instant account verification through Monthio benefit the loan approval process?
Is Monthio's instant account verification secure?
Does Monthio's instant account verification comply with regulatory requirements?
Can Monthio's instant account verification be seamlessly integrated into existing loan application systems?
Do Monthio's instant account verification and open banking support all banks and financial institutions?
How accurate is Monthio's instant account verification in retrieving financial information?
Can Monthio's instant account verification be used for different types of loans?
Is customer consent required for Monthio's instant account verification?
Can Monthio's instant account verification help reduce fraud and credit risk?
Ready to get started?
Do you want to find out more about how Monthio can revolutionise your loan approval processes?
Get in touch
Superior Categorization
Our comprehensive categorisation accurately identifies
more data in each section than other leading Open
Banking providers.
Banker-designed. Credit approved
We offer more than just cutting edge technology. We are built on deep banking expertise to create a tailored & powerful solution for credit departments.
End users at the forefront
At Monthio, we put the end users the forefront of our product design. That’s why 91% of applicants that go through the Monthio process, complete it.

Already benefiting from Open Banking?

At Monthio, we go further than Open Banking. Benchmark Monthio against your current provider and see for yourself!

Latest from us