
Individual onboarding
Irrespective
of whether an individual is opening an account on a
mutual fund platform, taking a loan, creating an account
on a cryptocurrency app or a gaming app, or whether they
are being onboarded as a new employee in an
organization, a bank account verification becomes
paramount during the onboarding process.

Merchant/ entity onboarding
When a
merchant or an entity is applying for a loan, onboarding
on a aggregator platform, or in any other merchant
onboarding journey, IDfy’s bank account verification
allows you to validate that the merchant is indeed
providing you with the correct bank details, thereby
reducing potential of fraud.