Audience

Lenders

About Instant Bank Verification

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.

Other Popular Alternatives & Related Software
MeridianLink Opening
MeridianLink Opening
(35 Ratings)
MeridianLink® Opening is a digital account opening solution that helps financial institutions simplify onboarding and grow deposits across checking, savings, CDs, and more. The platform combines mobile‑first design, automated workflows, fraud protection, and real‑time decisioning to reduce friction and increase conversions. Features include adaptive forms, save‑and‑resume applications, automated identity verification, instant decisions, immediate funding, and built‑in compliance controls for BO, CIP, KYC, AML, and OFAC. Seamless core integration, in‑application cross‑sell, automated document handling, and ready‑to‑use accounts help institutions reduce operational effort, control risk, and deliver fast, secure, paperless onboarding experiences.
Learn more
Sila
Sila
(2 Ratings)
Sila is an end-to-end payment platform that provides Banking-as-a-Service through a developer-friendly payment API that is scalable and allows for fast and secure money transfers. Sila’s payment platform streamlines building and launching fintech apps and embedded payment products for financial products, fintech, crypto, and Web3. Sila’s offerings include Virtual Accounts, Digital Wallets, KYC/KYB, and ACH payments APIs for software teams. Additional functionality is available through a network of pre-approved and pre-integrated partners (to different degrees). Sila was recognized as the Best Payments as a Service Platform by the 2022 Embedded Banking Awards of Tearsheet. Sila is headquartered in Portland, Oregon.
Learn more
Plaid
Plaid
(5 Ratings)
Plaid is a global fintech infrastructure platform that enables businesses and consumers to securely connect to financial data and services. Through APIs that connect to more than 12,000 financial institutions across 20+ countries, Plaid operates the world’s largest open banking data network. By removing the complexity of direct bank integrations, Plaid enables developers, financial institutions, and enterprises to build secure, user-friendly, and conversion-optimized financial products. Plaid powers payments, lending, identity verification, fraud prevention, and personal finance applications. Today, more than 100 million people worldwide, including half of U.S. adults, have relied on Plaid through their connections to over 7,000 apps and services.
Learn more
Socure
Socure
Market-leading coverage and accuracy from the most comprehensive solution. Over 1000 companies rely on Socure to ensure customer trust and unlock rapid acquisition growth across all channels. Socure serves 1000+ customers including financial services and fintech leaders, and we’re rapidly expanding across adjacent verticals, including telco, payroll providers, crypto, government & public sector, healthcare, online gaming, cable, and insurance. Socure ID+ supports automated machine-learning identity fraud risk management, as well as data-centric Know Your Customer (KYC) and Global Watchlist compliance tools, all returned with reason codes for decision transparency. DevHub is a central hub for developers to easily integrate and quickly build identity verification applications on the Socure ID+ Platform. DevHub contains documentation for all product modules, an API Reference Guide, a support ticketing system, and the latest communication updates in a self-service model for developers.
Learn more

Pricing

Pricing Details:
Flexible pricing. Contact us for details.

Integrations

No integrations listed.

Ratings/Reviews - 2 User Reviews

Overall 3.5 / 5
ease 4.0 / 5
features 4.0 / 5
design 3.0 / 5
support 4.0 / 5
More Reviews Write a Review

Company Information

MicroBilt
Founded: 1978
United States
www.ibvnow.com

Videos and Screen Captures

Instant Bank Verification Screenshot 1
Instant Bank Verification Screenshot 1 Instant Bank Verification Screenshot 2 Instant Bank Verification Screenshot 3 Instant Bank Verification Screenshot 4 Instant Bank Verification Screenshot 5 Instant Bank Verification Screenshot 6
Other Useful Business Software
$300 Free Credits to Build on Google Cloud Icon
$300 Free Credits to Build on Google Cloud

New customers can spin up VMs, build with AI, and query data at no cost.

Put your $300 in credit toward real workloads, then keep building with free monthly usage for 20+ products. No commitment and no charge until you upgrade.
Start Free

Product Details

Platforms Supported
Cloud
Training
Documentation
Live Online
Support
Phone Support
24/7 Live Support
Online

Instant Bank Verification Frequently Asked Questions

Q: What kinds of users and organization types does Instant Bank Verification work with?
Q: What languages does Instant Bank Verification support in their product?
Q: What kind of support options does Instant Bank Verification offer?
Q: What type of training does Instant Bank Verification provide?
Q: What pricing for support is available for Instant Bank Verification?
Q: What pricing for training is available for Instant Bank Verification?

Instant Bank Verification Product Features

Banking

Risk Management Supported
Transaction Monitoring Supported
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
Securities Management Not Supported

Financial Risk Management

Credit Risk Management Supported
Compliance Management Not 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

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

Fraud Detection

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

Loan Origination

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

Online Banking

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

Instant Bank Verification Verified User Reviews

Write a Review
  • Tejas .
    VP Marketing
    Used the software for: 6-12 Months
    Frequency of Use: Daily
    User Role: User
    Company Size: 100 - 499
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "Save time in accounts verification"

    Posted 2020-10-26

    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.

    Cons: Its api integration is only with limited devices and sync error displays when open with multi devices.

    Overall: Overall a nice software for the stores, firms to verify the bank accounts, and transactions for reduce fraud chances. Real time cross verification helps the user to check and confirm the process of stabilization. Api links also available.

    Read More...
  • Cheryl C.
    Director of On-Line Services
    Used the software for: 2+ Years
    Frequency of Use: Daily
    User Role: Deployment
    Company Size: 100 - 499
    Design
    Ease
    Features
    Pricing
    Support
    Probability You Would Recommend?
    1 2 3 4 5 6 7 8 9 10

    "IBV"

    Posted 2020-08-26

    Pros: 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: 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

    Overall: We have been using IBV since 2013 or 2014. We have watched the evolution of this product internally and in the market place. We just want to make sure that Micro-Bilt is continuing to build on this platform and keep time or even lead in the industry.

    Read More...
  • Previous
  • You're on page 1
  • Next
Page Already Claimed. Claim Again?