The new service, Bank Connect, extends the HooYu journey so that a user can prove their identity or affordability by logging into their bank account during a KYC process. HooYu clients can orchestrate Open Banking alongside a wide range of KYC services such as liveness detection, facial biometrics, database checks, ID document validation, and many more.
During the Bank Connect journey, the user logs into their bank account and consents to sharing identity and expenditure data so that businesses can verify identity and protect consumers from fraud.
Bank Connect will provide identity data, account overview data, transaction information, and card information. In line with HooYu data protection and data minimisation rules, HooYu deletes the Bank Connect data once the client has reviewed the results.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.