Bank Verification Platforms

For funding companies in the business lending space their underwriting process will vary but all will depend on technology to efficiently and securely execute their system. Technology platforms that offer APIs to financial institutions and credit providers allow a faster way to perform several functions which include analyzing bank activity and prevent fraud, among other advantages.

Having the customer link their account used to only take place towards the end of the funding cycle but now it has become more common to have a client link their bank account in underwriting before an offer is made. With the data collected from the bank a funding company or even ISO can determine whether they can proceed with an offer and if so which product would be best for them.

Below are a list of banking technology platforms that many funders in MCA have been using and a few other you may not have heard of.

This is not an endorsement for these companies so please perform your own due diligence before working with them.

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Decision Logic

DecisionLogic is an advanced bank verification system enabling lenders to instantly verify a potential borrower’s banking information online and in real-time. Previous methods for performing this process created many problems for both the lender and borrower, including inconvenience, delay, inaccuracy, and fraud.


Envestnet | Yodlee, the leading data aggregation and data analytics platform, helps consumers live better financial lives through innovative products and services created for more than 1,200 financial institutions and FinTech companies, including 15 of the top 20 U.S. banks.


A pioneer of financial data aggregation and Money Management APIs. In 2000 eWise invented client-side account aggregation, a unique way for users to privately and securely aggregate, store, manage and share their personal financial information.


Finicity is working with the largest lenders and credit decisioning organizations in the world to empower their customers and create new business models.


Plaid is focused on democratizing financial services through technology. We build beautiful consumer experiences, developer-friendly infrastructure, and intelligent tools that give everyone the ability to create amazing products that solve big problems.


Simple Open Banking APIs. A universal API to access data from your users’ bank accounts and cards. Connect with multiple institutions, save months of development and stay compliant.


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