TrueLayer: Releases Verification API for speedy onboarding
- TrueLayer is the leading technology company providing secure, global access to financial infrastructure
- Announced the launch of a new approach to account ownership checks with its Verification API
- Combining open banking with machine learning, the Verification API makes onboarding effortless with success rates
- By pre-verifying customer’s details, it also simplifies payments setup meaning no more failed transactions
- Multiple clients are using the Verification API, including Authologic, a Y Combinator-backed provider of identity verification solutions
- Traditional verification methods such as bank statement uploads are slow, error-prone, and create a poor user experience
