Digital proof of income driven by real-time financial data
Do you need a usable and reliable proof of the income of your users? We know that verification processes are often manual and cumbersome. In addition, manipulated, incomplete or outdated account statements might be submitted, while insufficient data quality can cause further lengthy verification processes, lead to frustrated users and require increased manual effort.
With the Source of Funds Check, FTS now offers a digital, reliable and tamper-proof solution driven by Open Banking data. All in real time, of course.
The Source of Funds Check by FTS provides digital and comprehensive proof of income using real-time account data by listing all income including the amount, contra account as well as the time and date. Thanks to this innovative method, you save your customers the cumbersome and time-consuming task of compiling and scan-ning documents, while you yourself no longer have to go through the tedious and manual verification process.
Bid farewell to cumbersome manual processes thanks to the simple login into online banking for end customers
Automatic analysis of transaction data
Data processing in real time
Money laundering prevention monitoring
The report is available in different file formats: PDF, XML, etc.
Your added value: With the Source of Funds Check you will save your customers the cumbersome and time-consuming task of compiling and scanning documents, while you yourself no longer have to go through the tedious and manual verification process.
The Source of Funds Check in combination with deposits
Combine the FTS Source of Funds Check with our white label payment product or our payment method OnlineÜberweisen to meet regulatory requirements during the payment process. This way, the source of your customers’ funds is analysed during the transfer process.
Enable real-time decision-making through access to bank data: Get access to real-time financial data at banks, wallets (PayPal), credit card accounts and custody accounts and integrate this data into your application.
Enable your customers to easily initiate payments in your own look & feel with the help of our whitelabel online bank transfer. The payment platform also supports you in fraud and risk management thanks to numerous analysis functions.
Focus on your business and benefit from our License as a Service model. We provide you with our PSD2 license so that you can continue your business with the necessary legal certainty for your customers.