KYC: Online identity verification
via online bank account

Check identities of customers and business partners quickly and accurately with our digital finAPI KYC Check via bank account. Minimize the risks for your company and prevent money laundering. Request advice

KYC: Online
identity verification
via bank account
Check identities of customers and business partners quickly and accurately with our digital finAPI KYC Check via bank account. Minimize the risks for your company and prevent money laundering. Request advice

Identity verification
via bank account
Check identities of customers and business partners quickly and accurately with our digital finAPI KYC Check via bank account. Minimize the risks for your company and prevent money laundering. Request advice

KYC-Check

Do you know your customer?

The digital world offers a wide range of opportunities, but also presents new challenges:

You need a “Know Your Customer solution” that offers effective fraud prevention while ensuring user convenience? finAPI offers you a corresponding KYC solution with GiroIdent that supports you in complying with data protection rules. Identifying customers and business partners through their current account via our banking API enables a fast secure Know Your Customer procedure – online and in real time.

GiroIdent Basis: Name Checking and Verification

The customer or business partner logs into his online banking via the finAPI bank interface and grants a view of his account. In real time, the name provided is compared with the first name and surname of the account holder. The result is a secure verification of the name details.

GiroIdent Plus: Matching of date of birth, data of deceased persons and address

GiroIdent Plus also verifies the name details via the bank account. But GiroIdent Plus also cross-references data from the extensive SCHUFA database. Date of birth and address are matched, and compared with data of deceased persons to detect and prevent fraud.

GiroIdent GwG: KYC check in accordance
with simplified due diligence

The German money laundering laws (AMLA/GwG) require many companies to verify the identity of their customers and business partners. For business dealings with a low risk of money laundering or the financing of terrorism, simplified due diligence obligations apply in accordance with paragraph 14 of the law, which sets lower requirements for identity verification. GiroIdent GwG is the intelligent solution for KYC verification of customers and business partners via online banking. The application is simple and convenient for your customers, and you quickly and securely fulfill the simplified due diligence requirements according to GwG.

GiroIdent GwG combines the competencies of finAPI and SCHUFA, using a range of reliable sources to securely verify the identity of a customer or business partner:

Full AMLA compliant identification

In cooperation with SCHUFA and its myConnect hub, finAPI enables customer identification in full accordance with GwG (Section 12 (1)  3). In a two-stage  KYC process an ID photo or a “selfie ident” is and a 1-cent transfer are combined with the prescribed qualified electronic signature (QeS) to meet regulatory requirements quickly and easily.

For more information on the SCHUFA myConnect hub and the use of GiroIdent and Payment Initiation Service, please contact us directly.

Product comparison

All products for KYC check in comparison:

GiroIdent Basis GiroIdent Plus GiroIdent GwG GiroIdent via SCHUFA myConnect hub
Offer in cooperation with SCHUFA
Account access via online banking
Matching first name and last name
Matching the (previous) address
Matching the date of birth
Matching with deceased data
SCHUFA IdentityCheck Standard
SCHUFA IdentityCheck Premium *
SCHUFA account number check plus IBAN
Check Q-bit */**
Simplified AMLA check according to the German money laundering law (AMLA/GwG) section 14
Full AMLA check according to the German money laundering law (AMLA/GwG) section 12, paragraph 1, 3rd sentence
Auto-Ident procedure via myConnect Auto-ID GwG**.
ID procedure myConnect-ID Check GwG**
1-cent reference transfer to a reference account
Qualified electronic signature

* Not applicable for GiroIdent GwG with successful SCHUFA account number check plus IBAN

** Depending on the ID procedure used at the SCHUFA myConnect hub

Know your customer

The most important advantages at a glance

STRONG PARTNERSHIP

finAPI and SCHUFA cooperate on GiroIdent GwG for convenient and secure identification of consumers and business partners

GiroIdent GwG combines the competencies of finAPI with those of SCHUFA: To verify the identity of a customer or business partner, we use the data of the customer’s or business partner’s bank account and compare it with the SCHUFA database.

Bank account data is the beginning of a reliable KYC Check

The bank interface finAPI Access (XS2A – access-to-account) access bank account data and verifies the account holder on the basis of his or her personal data. Two-factor authentication at login ensures secure verification of the person.

Cross-check of account holder via the SCHUFA database

SCHUFA-KontonummernCheck plus IBAN checks the link between the personal data and the bank details at SCHUFA to verify the identity of the genuine account holder.

Comparison of personal data with the SCHUFA database

Using SCHUFA-IdentitätsCheck Premium, the personal data of your business partner is compared with the SCHUFA database. This function also looks to see if the identity of the requested person has previously been confirmed using an identification document.