Merchant Boost is proud to announce Bank Connect. This is NOT a full bank aggregation product. Bank Connect reduces the full bank aggregation process into a quick, user friendly experience, and only returns the data you want: name on the account, bank routing, and bank account number.
Bank Connect enables you to collect and verify your customers’ financial information quickly and securely. We have developed this specialized technology to cut users’ wait time by half and deliver more seamless experiences while accurately authenticating identity and bank account information.
For full bank aggregation, see our Bank Boost product.
Bank Connect is specially designed to reduce the wait time user’s spend during the process by limiting returned data just to bank account, routing number, and name. You also have the flexibility to verify either the name or account number, giving you the data you want.
Bank Connect has the greatest coverage of all bank account aggregators on the market. We guarantee name, routing, account number, and addresses from over 1500 banks. We have all of the major banks covered.
Bank Connect reduces the wait time user’s spend during the application process by aggregating on;y the vital data and pre-populating the app form. Users spend nearly 50% less time during application when going through the Bank Connect experience, compared to the full aggregation process.
Identify potential fraud to help minimize risk exposure by verifying the user’s identity with authenticated consumer information. Bank Connect enhances risk-based procedures and automates your due diligence practices.
For Financial Institutions:
For Your Customers:
Extend the power of Bank Connect with Bank Boost
With Bank Connect, customers get the seamless online banking experience they’ve come to expect, and you get access to their accounts, accurately confirming their identity and financial information. Bank Boost utilizes the same platform, allowing you to maintain bank account access for any part of the customer lifecylce, from application to underwriting, and even repayment.
Find out more about Bank Boost product.