Account Opening

Enable instant account verification for new account openings without micro-deposits.

Graphic depicting account opening and identity verification

Conveniently open new financial accounts for users

People increasingly want to open new financial accounts digitally, via fintech apps. To prevent fraud, fintechs need to verify the user’s identity before opening a new account for them.

The fintech app can use data from Akoya to verify their user’s identity and open their new account, and the individual can then initiate fund transfers.

How it Works

Graphic depicting find your credit score fintech
Graphic depicting selection of financial institutions or banks
Picture of customer being connected from fintech directly to bank or financial institution
Akoya redirects consumer to their bank to authenticate
Graphic depicting the process of identity verification and bank authorization step by step
Picture of customer being connected from fintech directly to bank or financial institution
Akoya redirects consumer to their bank to authenticate
Graphic depicting sign in for bank or financial institution
Picture of customer being redirected back to the fintech from bank or financial institution
Akoya redirects consumer back to fintech app
Picture of customer being redirected back to the fintech from bank or financial institution
Akoya redirects consumer back to fintech app
Graphic depicting success page on fintech app
Image of Akoya establishing api data flow through bank to fintech
Akoya establishes data flow
Graphic depicting the fintech operating as intended with the example of the account being opened
Image of Akoya establishing api data flow through bank to fintech
Akoya establishes data flow

Testimonials

“After one seamless integration onto Akoya, we are now able to authorize direct connections with data aggregators and fintechs that will use the Akoya Data Access Network. The data recipients that the customer authorizes to connect to their U.S. Bank account through Akoya will receive authorized and permissioned access to U.S. Bank customer data, all while giving consumers the confidence that their data is safe and secure.”

 

Gareth Gaston EVP & Chief Digital Officer, Enterprise Platforms & Capabilities, U.S. Bank

“We recognize how important it is for our customers to be able to use the financial applications of their choice in a safe and secure manner. Akoya’s capabilities help us meet the data sharing needs of our customers as well as data aggregators, data providers and other third parties, in line with evolving industry standards. This is good for our business, good for our customers and good for the industry.”

Bill Demchak Chairman, President, and CEO, PNC

“Consumers' personal financial data should only be accessed with their explicit consent and they should have the ability to monitor and revoke that access. For this reason, we created Akoya and are now joining with several financial institutions to accelerate the availability of a secure, transparent and more reliable network for the entire financial services industry.”



Abigail P. Johnson Chairman and CEO, Fidelity Investments
Picture of US Bank logo Picture of PNC logo Picture of Fidelity logo

Explore our self-service sandbox for developers

Try our APIs Contact us