Bank account verification
Armalytix Account Verification
Prevent fraud & ensure you’re paying the right bank accounts
It’s increasingly important to protect your firm and your clients from fraud. Make that easy with our Account Verification service to quickly and effectively tell whether an account is legitimate and is the one you're looking for.
Verified at source. Trusted in practice
Our bank account verification solution provides robust, independent evidence that a client account is properly constituted and legitimately held. Instantly confirm the account name, number and sort code, review balance activity, and verify that the account has been open for more than 12 months. Remittance controls ensure funds are paid to that verified account only, with confirmation obtained directly from the client’s bank to create a clear, defensible audit trail. The result is trusted account verification with reduced risk and complete transactional confidence.
Benefits of Armalytix Account Verification
Obtain evidence that a bank account is properly constituted, is legitimate and the one you are after, direct from the bank itself.
01
Full account details
Account name, number, sort code and balance
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Onboarding ready
Verify whenever you want, ready for the day you need it
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Fight rising fraud
Safer for you, safer for the firm, safer for the client
01
Full account details
Account name, number, sort code and balance
02
Onboarding ready
Verify whenever you want, ready for the day you need it
03
Fight rising fraud
Safer for you, safer for the firm, safer for the client
The highest standards, the best results
Trusted by the most dynamic actors in the market, we deliver the best services for top-level professionals. We power KYC, AML and fraud prevention using proprietary technology and services built from the ground up to meet your business and regulatory needs. Our services quickly give you the most effective results - freeing you to concentrate on the important stuff.
What our clients say
'Armalytix has been on the journey with Greenfield in digitalising their working practices. This has been a significant advantage and the functionality of Armalytix works seamlessly with our established online platform. The efficiencies in the utilisation of Armalytix are significant in accelerating case progression.’
James Tudge - Case Manager, Greenfield Recovery
'Armalytix have constantly been pushing the boundaries of what is possible with technology and processes, improving the all-important everyday experience of for fee earners and clients alike. They lead the market in innovation around Source of Funds checks.'
Paul Saunders - Managing Director, Amity Law
Testimonials
FAQs
How does this prevent fraud?
Payment fraud is a growing scam, where bad actors insert themselves into client conversations and provide their own bank details to get money paid direct to them. Money neither you nor the client will see again. This makes sure that doesn't happen by confirming the bank account is the right one.
How long will it take?
We're conscious that this may need to be done quickly to not hold up transactions. It only takes a few moments for you to send the request, and a few moments for them to complete it. We even chase the client for you.
Do you provide customer service?
We give you best-in-class customer support through every step of the journey. With multiple ways of contacting us, this service is delivered real-time by real people. This applies to you and your team, as much as it does to the end customer.
What information do I get about the account?
You'll get account name, number and sort code with balance activity and confirmation that it’s been open for more than 12 months. What's more, this comes directly from the client's bank so you can rely on it.
News
Accountants Mastermind Webinar – Get the right data from your clients and when you need it
During this webinar, Tony from Armalytix talked about how their software helps you get the data you need from your clients' bank accounts when you need it. With a bit of MTD thrown in…
Armalytix Press – The Fintech Times Money Heist
By utilising the power of technology, financial institutions and crime-catchers stand a much better chance of fighting financial fraud.
Armalytix used by legal firms responsible for 1 in 8 residential property transactions in England and Wales
Armalytix now stands as the driving force behind legal firms responsible for 1 in 8 residential property transactions conducted in England and Wales. In just two years since its market introduction, Armalytix’s technology has rapidly evolved into the foremost provider for legal firms engaged in property transactions.
Customer forbearance and good outcomes in consumer credit – how to navigate this
Consumer Duty has significant implications for consumer credit firms with loan forbearance. The FCA has emphasised the importance of lenders providing forbearance - treating borrowers in financial trouble with extra care to ensure that those who are already vulnerable do not get a worse outcome. How to navigate this?
Armalytix Year in Review 2023
Richard McCall, Armalytix CEO, runs through what has been a successful 2023 for Armalytix
Get in touch
There's enough going on. Get simple, powerful security against payment fraud, provided quickly by the client. Speak to us for peace of mind.