Certified Digital Bank Statements launched by MiiCard

12 September 2013

Online identity proofing service miiCard has launched its Certified Digital Bank Statements as part of its verified online identity solution.

The announcement came during Finovate Fall 2013 and financial companies can now use miiCard Certified Digital Bank Statements for underwriting, risk assessment and responsible lending decisions.

Statements are user-controlled components of a verified miiCard identity and members can authorise financial institutions or professional service firms to access one of two different levels of information on request.

These include a bank statement, which includes full transaction details delivered for the last 30, 60 or 90 days, and an account summary that includes details such as number of exchanges, total credits and debits, as well as closing balance.

Chief executive officer at miiCard James Varga said: "For disruptive services to thrive in a completely online environment, individuals and businesses must be able to connect with complete confidence."

Using the new platform businesses can quickly verify that an individual can afford a loan or qualify for a service and can do it all over the internet.

By Gary Cooper

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