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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.

About

Unit is the leading embedded finance platform that helps tech companies launch embedded capital, banking, and bill pay. Its ready-to-launch solutions require zero build and can go live in as little as three weeks - helping companies grow revenue, delight customers, and win their markets. Unit’s products serve millions of users across customers like Wix, Bill.com, Honeybook, Relay, and Homebase. Headquartered in New York City and Tel Aviv, Unit is backed by top investors like Accel and Insight Partners.

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

Lenders

Audience

Tech companies

Support

Phone Support Supported
24/7 Live Support Supported
Online Supported

Support

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

API

Offers API Not Supported

API

Offers API Supported

Screenshots and Videos

Screenshots and Videos

Pricing

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

Pricing

No information available.
Free Version Not Supported
Free Trial Not Supported

Reviews/Ratings

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

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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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

MicroBilt
Founded: 1978
United States
www.ibvnow.com

Company Information

Unit
Founded: 2019
United States
www.unit.co

Alternatives

Alternatives

Alviere Hive

Alviere Hive

Alviere
Alviere Hive

Alviere Hive

Alviere
Solaris

Solaris

Solaris SE

Categories

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

Categories

Banking Supported
Embedded Finance 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

Amazon S3 Not Supported
Checkbook Not Supported
Currencycloud Not Supported
Layer Not Supported
Nextless.js Not Supported
Plaid Not Supported
QuickBooks Online Not Supported
Teal Not Supported

Integrations

Amazon S3 Supported
Checkbook Supported
Currencycloud Supported
Layer Supported
Nextless.js Supported
Plaid Supported
QuickBooks Online Supported
Teal Supported
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