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About

ForwardAI provides aggregated accounting and business data and is trusted by companies in 48 countries worldwide. ForwardAI’s technology makes it easy to gain more insight and control over financial information with a full suite of accounting data solutions for large enterprises like banks, lenders, and fintechs, as well as accountants, financial advisors, and small businesses. The Precise API facilitates modern enterprise and developer tech solutions, including powerful add-ons that proactively engage and retain business clients long-term. - Streamlined API with seamless white-label solutions - Connect with all leading accounting platforms - Process small business loan applications in seconds - Retain SME clients with engaging cash flow tools - Offer personalised loan options To learn more, visit ForwardAI.com.

About

Instant Bank Verification provides real-time, user-permissioned financial data aggregation and verification designed for lenders. What you can do with IBV? Verify users’ identities and reduce fraud. Verify real-time account balances. Understand income and verify employment. Access detailed transaction history. Verify borrowers’ assets straight from the source. Add flexible pricing - where you only pay for services when you use them - and IBV stands apart as a right-sized solution for your loan originations. Ideal for retail loan origination, short term lending, auto financing, property rental, and more. IBV is powered by an easy to integrate web portal that can be added directly to your existing website or a fully documented API. To better understand how IBV works, check out the demo on our website.

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Platforms Supported

Windows Not Supported
Mac Not Supported
Linux Not Supported
Cloud Supported
On-Premises Not Supported
iPhone Not Supported
iPad Not Supported
Android Not Supported
Chromebook Not Supported

Audience

Financial Institutions | Alternative Lenders | Fintechs

Audience

Lenders

Support

Phone Support Supported
24/7 Live Support Not Supported
Online Supported

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

API

Offers API Supported

API

Offers API Not Supported

Screenshots and Videos

Screenshots and Videos

Pricing

First 25 Companies Free
ForwardAI’s pricing model is based on the number of connected companies per month. We define “Connected Company” as any Company that has been invited to share data with ForwardAI.
Free Version Supported
Free Trial Supported

Pricing

Flexible pricing. Contact us for details.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

Overall 0.0 / 5
ease 0.0 / 5
features 0.0 / 5
design 0.0 / 5
support 0.0 / 5

This software hasn't been reviewed yet. Be the first to provide a review:

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Reviews/Ratings

Overall 3.5 / 5
ease 4.0 / 5
features 4.0 / 5
design 3.0 / 5
support 4.0 / 5

Pros & Cons from Real Users

Pros

  • Its real time verification with banks allowed the lender's verification process in less time. It directly cross verify with the depositor bank details, its account linked, transactions, and MOD balance to confirm the financial strength.
  • We love that we are able to have an efficient and automated way for customers to provide us bank data and verification both in our stores and on-line. This reduces time for both our customers and our CSR's.

Cons

  • Its api integration is only with limited devices and sync error displays when open with multi devices.
  • What we feel is missing from this service: Our number one request is real time balance/available balance check. Full account # All accounts tied to the log in. More accurate income identification (Direct Deposit amount, frequency and depositor.) Better transaction tags/groupings

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported

Training

Documentation Supported
Webinars Not Supported
Live Online Supported
In Person Not Supported

Company Information

ForwardAI
Founded: 2022
Delaware | Vancouver | Toronto | Chandigarh
www.forwardai.com

Company Information

MicroBilt
Founded: 1978
United States
www.ibvnow.com

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Categories

Categories

Bank Verification Supported
Banking Supported
Embedded Finance Supported
Financial Services Supported
Fraud Detection Supported
Loan Origination Supported
Online Banking Supported

Banking Features

ATM Management Not Supported
Compliance Tracking Not Supported
Corporate Banking Not Supported
Credit Card Management Not Supported
Credit Union Not Supported
Investment Banking Not Supported
Multi-Branch Not Supported
Online Banking Not Supported
Private Banking Not Supported
Retail Banking Not Supported
Risk Management Supported
Securities Management Not Supported
Transaction Monitoring Supported

Financial Risk Management Features

Compliance Management Supported
Credit Risk Management Supported
For Hedge Funds Not Supported
Liquidity Analysis Supported
Loan Portfolio Management Not Supported
Market Risk Management Not Supported
Operational Risk Management Supported
Portfolio Management Not Supported
Portfolio Modeling Not Supported
Risk Analytics Benchmarks Not Supported
Stress Tests Supported
Value At Risk Calculation Not Supported

Financial Reporting Features

"What If" Scenarios Not Supported
Audit Trail Not Supported
Balance Sheet Supported
Cash Management Not Supported
Consolidation / Roll-Up Not Supported
Forecasting Supported
General Ledger Supported
Income Statements Supported
Multi-Company Not Supported
Multi-Department / Project Not Supported
Profit / Loss Statement Supported

Banking Features

ATM Management Not Supported
Compliance Tracking Not Supported
Corporate Banking Not Supported
Credit Card Management Not Supported
Credit Union Not Supported
Investment Banking Not Supported
Multi-Branch Not Supported
Online Banking Not Supported
Private Banking Not Supported
Retail Banking Not Supported
Risk Management Supported
Securities Management Not Supported
Transaction Monitoring Supported

Financial Risk Management Features

Compliance Management Not Supported
Credit Risk Management Supported
For Hedge Funds Not Supported
Liquidity Analysis Not Supported
Loan Portfolio Management Not Supported
Market Risk Management Not Supported
Operational Risk Management Not Supported
Portfolio Management Not Supported
Portfolio Modeling Not Supported
Risk Analytics Benchmarks Not Supported
Stress Tests Not Supported
Value At Risk Calculation Not Supported

Financial Services Features

Analytics Not Supported
Branch Optimization Not Supported
Channel Management Not Supported
Compliance Management Not Supported
Customer Engagement Not Supported
Performance Management Not Supported
Risk Management Supported

Fraud Detection Features

Access Security Management Not Supported
Check Fraud Monitoring Not Supported
Custom Fraud Parameters Not Supported
For Banking Supported
For Crypto Not Supported
For eCommerce Not Supported
For Insurance Industry Not Supported
Internal Fraud Monitoring Not Supported
Investigator Notes Not Supported
Pattern Recognition Not Supported
Transaction Approval Not Supported

Loan Origination Features

Amortization Schedule Not Supported
Audit Trail Supported
Closing Documents Not Supported
Compliance Management Not Supported
Customer Database Supported
Digital Signature Not Supported
Document Management Not Supported
Fee Management Not Supported
Loan Processing Not Supported
Online Application Not Supported

Online Banking Features

Brokerage Not Supported
Cash Management Not Supported
Chat / Messaging Not Supported
Credit Card Management Not Supported
Electronic Statements Supported
Fraud Detection Supported
Loan Management Not Supported
Marketing Automation Not Supported
Retail Banking Not Supported
Single Sign On Not Supported
Transaction Monitoring Supported

Integrations

Basiq Supported
Clear Books Supported
Clio Supported
Exact Online Supported
FreeAgent Supported
FreshBooks Supported
Harvest Supported
MYOB Supported
NetSuite Supported
Plaid Supported
QuickBooks Online Supported
QuickBooks Online Advanced Supported
Reckon One Supported
Saasu Supported
Sage 50 Supported
Sage Accounting Supported
Sage Intacct Supported
Wave Accounting Supported
Xero Supported
Zoho Books Supported

Integrations

Basiq Not Supported
Clear Books Not Supported
Clio Not Supported
Exact Online Not Supported
FreeAgent Not Supported
FreshBooks Not Supported
Harvest Not Supported
MYOB Not Supported
NetSuite Not Supported
Plaid Not Supported
QuickBooks Online Not Supported
QuickBooks Online Advanced Not Supported
Reckon One Not Supported
Saasu Not Supported
Sage 50 Not Supported
Sage Accounting Not Supported
Sage Intacct Not Supported
Wave Accounting Not Supported
Xero Not Supported
Zoho Books Not Supported
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Claim ForwardAI and update features and information
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Claim Instant Bank Verification and update features and information