Bank Statement Verification Software
Speed up your operations & enhance compliance by automating bank statement verification with
AI-powered software.
Trusted by 1000+ brands worldwide
Minimize Fraud with Bank Statement Verification
Manual bank statements verification can lead to errors or fraudulent activities. Implementing Intelligent Document Processing software, DocHorizon, you can streamline your bank statement verification with high precision and speed.
How Intelligent Bank Statement Verification Helps You?
Seamless Bank Statements Verification with AI
With Klippa’s AI-powered bank statement verification, you can verify customers income in seconds.
Onboard New Customers in Seconds
Enhance KYC/AML Compliance
How Automated Bank Statement Verification Works?
Klippa makes the verification process simple, accurate and stress-free for you. Verify bank statements with a few steps.
Upload or scan the bank statement
The first step is providing a picture or a PDF file of a bank statement to our API. Usually this is done from a mobile app, email, FTP or web application. The document can be sent cropped or uncropped.
If it is sent uncropped, the Klippa API will automatically crop the document. The background will also be removed by the software.
Extract text from bank statements with OCR
As soon as a picture or PDF has been received, each page is converted to a TXT file by using OCR. The OCR converts it to text format to get a readable version.
Now that we have readable text we can get the data structured using machine learning.
Parse the data into JSON output
The text file from the previous step is converted into a structured JSON format by default. However, other output formats such as CSV, PDF, XLM, XLSX are also possible.
With our API, you have an extra option to anonymize all the privacy-sensitive data before the output is being processed into your system. This is to ensure GDPR and other regulatory compliance.
Validate the data automatically
The selected data fields are verified after data extraction to ensure that the bank statement is valid. Next to that, our AI algorithms are able to detect whether the bank statement has been tampered with. Klippa uses EXIF analysis to make sure that the bank statement is authentic.
After the field validation is done, the API returns the output to your desired destination (database, ERP system, applications, etc).
Experience the Benefits of Our Bank Statement Verification
Reduce Cost
Spend less money on processing bank statements.
Improve Speed
Automate and speed up customer onboarding significantly.
Prevent Fraud
Avoid bank statements forgery fraud with AI technology.
Enhance Compliance
Enhance your KYC & AML compliance with our software.
Which data fields can be extracted from a bank statement?
Below the standard fields that can be extracted via OCR. On request, additional fields can be added.
We Take Your Data Privacy & Security Seriously
Global Coverage for Identity Document Verification
Our AI-powered Identity Verification solution can automatically extract and verify data from various documents worldwide, ensuring a complete identity verification flow.
“It is extremely pleasant to work together with a party that is as ambitious as we are. The willingness and speed with which Klippa implemented specific modifications for us is impressive.”
Get Started Now!
Let Klippa’s experts show you how our automated bank statement verification can be integrated into your existing solutions.
Discover The Other Use Cases of Our IDV Solution
Frequently Asked Questions
Which types of documents can be used to verify income with Klippa?
How does Klippa ensure data privacy and security?
On which platforms is Klippa’s bank statement verification available?
What bank statement formats does Klippa support?
How long does it take to process bank statements with Klippa?
How is Klippa’s bank statement verification priced?
Can Klippa detect fraudulent or altered bank statements?
Is Klippa compliant with KYC and AML requirements?
Does Klippa work for companies outside of Europe?
How accurate is Klippa’s OCR data extraction for bank statements?