Group Financial institution & Belief chosen ValidiFI to assist confirm checking account possession and possession for potential debtors.
Group Financial institution & Belief will leverage ValidiFI’s vAuth to confirm checking account standing and account possession and possession for its Tax Refund Advance mortgage program.
ValidiFI was acquired by different financial institution and fee knowledge agency Ribbit final June.
Threat mitigation and compliance resolution supplier ValidiFI introduced this week that Group Financial institution & Belief chosen its know-how to assist confirm checking account possession and possession for potential debtors.
Group Financial institution & Belief will leverage ValidiFI’s vAuth to confirm checking account standing and account possession and possession for its Tax Refund Advance mortgage program. Utilizing vAuth will permit Group Financial institution & Belief to make real-time, correct approval choices. The financial institution can even have extra visibility into scams from fraudulent financial institution accounts, and can finally permit Group Financial institution & Belief to satisfy buyer lending wants rapidly.
“Partnering with ValidiFI and implementing their vAuth know-how is a pure development in enhancing our Tax Refund Advance mortgage program,” mentioned Group Financial institution & Belief President & CEO Steve Jefferies. “This collaboration permits us to confirm account possession and possession with unparalleled accuracy and velocity, guaranteeing our clients can entry their funds rapidly and securely whereas we mitigate the dangers related to fraudulent accounts.”
ValidiFI was based in 2014 to supply predictive checking account and fee intelligence. The Florida-based firm leverages workflow automation firm Omni Platform to supply organizations and monetary establishments actionable insights. ValidiFI analyzes connections between financial institution accounts, shoppers, and fee efficiency to assist validate financial institution accounts, detect fraud, and assess credit score threat.
“We’re excited to have the ability to assist Group Financial institution & Belief guarantee candidates have present licensed entry to an account leveraging our real-time microdeposit resolution,” mentioned ValidiFI CEO Greg Rable. “This cutting-edge know-how enhances the accuracy and safety of the verification course of, serving to to make sure that each applicant is correctly validated.”
ValidiFI was acquired by different financial institution and fee knowledge agency Ribbit final June. Greg Rable is CEO.
Photograph by Monstera Manufacturing
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