KYC and Account Verification

Verifying to whom a specific bank account belongs often involves slow or unsecure methods such as requesting copies of bank statements or making micro-payments to accounts. FriendlyScore, through the use of open banking, delivers a modern account verification experience which is both fast and secure.

Comparison of account verification methods

FriendlyScore Account VerificationMicro Deposits?Bank Statements
DescriptionSimple API querySmall amount sent to customer's account which customer is then required to verifyCustomer emails or posts physical bank statement
Time taken< 1 minute3-5 business days5-7 business days
SecurityVery HighHighLow
Customer ExperienceExcellentAveragePoor
Customer DropoffLowHighHigh

How does it work?

By retrieving account information from a customer’s bank, FriendlyScore provides all the information necessary to quickly identify the owner of a particular bank account. Since the customer has to go through their own bank’s secure authorisation procedure in order to share their data, users can be sure the information is accurate, up-to-date and automatically verified.

Account verification is performed through FriendlyScore’s API (for a non-technical starter guide, see Make your first API call). To retrieve information to verify an account, first obtain the id of the customer you wish to verify from the Customer endpoint. This will be used to query the Accounts endpoint:

Accounts

GET

/public/v3/customers/{customer_id}/accounts

The account id is a field generated by FriendlyScore as a unique identifier for that account and has no relation to the user’s bank. The Accounts endpoint contains information needed to successfully identify an account, such as the bank account number, bank name, etc.

PropertyAccounts field
Account Idid
Account Namename
Bank Namebank_slug
Account Typetype
Account number/sort code/IBANnumber

Once you have the id of the account you wish to verify, use it to query the Account Party endpoint:

Account Party

GET

/public/v3/customers/{customer_id}/accounts/{account_id}/party

This request will bring up personal information related to the account owner such as the account holder’s legal name, address and email/phone details. This is usually sufficient to verify the identity of the account holder.

Account party information is dependent on this data being made available by the customer's bank

PropertyAccounts Party field
Name of Account HolderName, FullLegalName
Address of account holderAddressLine, StreetName, BuildingNumber, PostCode, TownName , CountrySubDivision, Country
Telephone number of account holderPhone, Mobile
Email address of account holderEmailAddress

FriendlyScore enables your customers to share account information within your app enabling you to perform identity verification checks in seconds. This improves efficiency and customer experience by removing the need for cumbersome procedures such as bank statements or micro deposits.

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Friendly Score UK Ltd.

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London W1K 5DS

Call us on +44 20 3709 6726

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Company number 09168668, ICO ZA111687

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Authorised and Regulated by the Financial Conduct Authority. (FRN: 781963)