Why does Bank account verification matter?

Verification is a competitive lever that can help you build a critical mass of customers. 

Account verification lies at the nexus point between the two complementary goals – getting a solution to market quickly and getting customers to do their first transaction quickly.

Verifying an account happens in multiple business scenarios such as – (i) Employee background check, (ii) Vendor or customer onboarding, and (iii) While doing payouts.