Bank Account Data
Instant access to financial data and transaction history extracted from the individual's bank statement.
Overview
MetaMap's Bank Account Data tool provides access to bank account data such as raw transaction history (3 to 12 months), balance, account, and identity information & enriched data (transaction categorization and income verification).
The individual can submit their banking information in one of two ways:
- Using their bank account login credentials (with the individual's permission)
- Uploading bank statements downloaded from their bank
User's bank account data returned in the Dashboard
Availability
We currently support the most popular and top banks and financial institutions across Latin America, Africa and South East Asia.
- Check our list of supported institutions for more information.
- This can be integrated through our mobile & web SDKs and through our direct link.
Features
The following features apply to the individual's login and bank statements.
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Access to Structured Bank Account Data
The individual can login using their bank account credentials or upload bank statements to securely and accurately share their financial data instead of filling out long forms. MetaMap sends you their financial information in a consistent and easily digestible data format. The data will be returned in a single call and will cover data such as: Identity, Accounts, Transactions, and Balance.
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Financial Profiling
Our advanced categorization and insights service allows lenders to verify income and derive key attributes such as average balance, previous loans for underwriting, and spending habits
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Identity Verification
With the account information verified by the financial institution the name, phone number, and email can be compared with other MetaMap or external sources to verify that the individual is who they say they are.
Bank Statement-Specific Features
The following features are specific to individuals who upload their bank statements.
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Fraud Detection
Prevent fraudulent documents from being submitted through multiple checks including: document alterations, file type, and file size. For more detail about how MetaMap detects fraud go here.
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Real-Time Response
We can extract information from multiple bank statements is less than a minute
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Supports Retail and Business Accounts
We can extract information from both retail and business banking accounts, depending on the individual banking institution's policies.
The following is a full list of banks that support retail and business accounts:
Key metrics
- Response in <20s
- Opt-in rate >70%
- Largest financial institution coverage in LATAM
Customer Flow
The individual has two ways to submit bank account data
- Providing their bank login credentials
- Uploading bank statements downloaded from their bank
The following GIF shows a customer flow using their bank login using MetaMap's prebuilt UX:
The following GIF shows a customer flow using bank statement uploads using MetaMap's prebuilt UX:
How it works
As a first step, individuals are provided with a variety of methods to share their financial data. They are provided with explanations relating to how their data will be accessed and used. With their consent, this data is then parsed, extracted and enriched and returned in a variety of formats.
Setup
There are 3 main steps to set up the Bank Account Data tool:
- Setup your workflow on the dashboard
- Use our quick start integration steps
- Review the verification results
Step 1: Setup a Workflow
The first step to setting up the Bank Account Data tool is to create a new workflow in the Dashboard. Once you've created a new workflow, add the Bank Account Data product to the customer flow, select whether individuals submit their bank account login or bank statements, and enable the countries that you want to support
Step 2: Integrate
Currently you can use MetaMap's Bank Account Data in two ways:
- MetaMap Button — Integrate our MetaMap Button SDK into your application to use our prebuilt UX
- Direct Link — Receive a URL link that you can send to your customers
Integrate our MetaMap Button via SDK
Use our SDK integration if you want to use MetaMap's verification tools but design your own experience for your customers.
To implement this:
- Setup the workflow for Bank Account Data in the dashboard
- Install and implement an SDK framework
Integrate via Direct Link
If you are not a developer, or you don't have the resources to integrate at this time, you can start using the product in minutes without any code with our Direct Link.
To implement this:
- Set up the workflow for Bank Account Data in the dashboard
- Get the Direct Link
- Send the Direct Link to your customers
Step 3: Process verification results
There are two main ways to visualize and use the data
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Dashboard Verification Results
In the dashboard, visit the Verifications tab, and click on a Verification to review the results.
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Webhook verification results
To handle webhook responses that will be sent to your webhook URL, you will need to configure your webhooks.
The following webhook ID corresponds to the Bank Account Data tool:
financial-information-validation
Reference
Available Data Types
| Available Data | Description | Example |
|---|---|---|
| Transactions | Individual debit and credit items | $2307.21 spent at the Apple Store in San Francisco California |
| Balance | Current amount within an account | $10030.02 is in Salma's checking account |
| Account | Individual account information within a financial institution | Salma's checking account at Bank of America with IBAN of X and Swift Code of Y |
| Identity | Personal information | Salma Hayek has an email of [email protected] and is located in Mexico |
Supported Institutions
Data input availability is indicated with a green dot().
The yellow dot () indicates availability in Q4:
| Institution Name | Country | Input Method |
|---|---|---|
| Afirme | Mexico | User Credentials Bank Statements
|
| BanBajio | Mexico | User Credentials Bank Statements
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| Banco Azteca | Mexico | User Credentials Bank Statements
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| BanCoppel | Mexico | User Credentials Bank Statements
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| Banregio | Mexico | User Credentials Bank Statements
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| Banorte | Mexico | User Credentials Bank Statements
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| BBVA Bancomer | Mexico | User Credentials Bank Statements
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| Ctitbanamex | Mexico | User Credentials Bank Statements
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| HSBC | Mexico | User Credentials Bank Statements
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| Hey Banco | Mexico | User Credentials Bank Statements
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| Inbursa | Mexico | User Credentials Bank Statements
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| Santander | Mexico | User Credentials Bank Statements
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| Scotiabank | Mexico | User Credentials Bank Statements
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| Spin by Oxxo | Mexico | User Credentials Bank Statements
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| Av Villas | Colombia | User Credentials Bank Statements
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| Banco Caja Social | Colombia | User Credentials Bank Statements
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| Banco de Bogotá | Colombia | User Credentials Bank Statements |
| Bancolombia | Colombia | User Credentials Bank Statements
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| Banco de Occidente | Colombia | User Credentials Bank Statements |
| Banco Popular | Colombia | User Credentials Bank Statements |
| Banco Falabella | Colombia | User Credentials Bank Statements |
| BBVA | Colombia | User Credentials Bank Statements |
| Daviplata | Colombia | User Credentials Bank Statements
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| Davivienda | Colombia | User Credentials Bank Statements
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| Nequi | Colombia | User Credentials Bank Statements
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| Scotiabank Colpatria | Colombia | User Credentials Bank Statements
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| Banco Bradesco | Brazil | User Credentials Bank Statements
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| Banco Cooperativo Sicredi | Brazil | User Credentials Bank Statements |
| Banco Inter | Brazil | User Credentials Bank Statements
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| Banco de Brazil | Brazil | User Credentials Bank Statements
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| C6 Bank | Brazil | User Credentials Bank Statements
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| Caixa Economica Federal | Brazil | User Credentials Bank Statements |
| Cora | Brazil | User Credentials Bank Statements
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| Itaú Unibanco | Brazil | User Credentials Bank Statements
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| Nubank | Brazil | User Credentials Bank Statements
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| Santander | Brazil | User Credentials Bank Statements
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| Banco De La Nacion | Argentina | User Credentials Bank Statements
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| Banco Provincia | Argentina | User Credentials Bank Statements
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| Banco Supervielle | Argentina | User Credentials Bank Statements |
| BBVA | Argentina | User Credentials Bank Statements
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| Grupo Financiero Galicia | Argentina | User Credentials Bank Statements
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| ICBC | Argentina | User Credentials Bank Statements |
| Santander | Argentina | User Credentials Bank Statements
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| Banco de Chile | Chile | User Credentials Bank Statements |
| Banco Estado de Chile | Chile | User Credentials Bank Statements |
| Interbank | Peru | User Credentials Bank Statements
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| Scotiabank | Peru | User Credentials Bank Statements |
| BBVA | Peru | User Credentials Bank Statements
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| BancoDeCredito Peru | Peru | User Credentials Bank Statements |
| Access Bank | Nigeria | User Credentials Bank Statements
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| Ecobank | Nigeria | User Credentials Bank Statements
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| First Bank | Nigeria | User Credentials Bank Statements
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| United Bank of Africa | Nigeria | User Credentials Bank Statements
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| Zenith Bank | Nigeria | User Credentials Bank Statements
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| Fidelity | Nigeria | User Credentials Bank Statements
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| FCMB Bank | Nigeria | User Credentials Bank Statements
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| GT Bank | Nigeria | User Credentials Bank Statements
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| Keystone | Nigeria | User Credentials Bank Statements
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| Kuda Bank | Nigeria | User Credentials Bank Statements
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| Sterling | Nigeria | User Credentials Bank Statements
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| Providus Bank | Nigeria | User Credentials Bank Statements
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| Vulte by Polaris | Nigeria | User Credentials Bank Statements
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| Bank of the Philippine Islands | Philippines | User Credentials Bank Statements |
| Philippine National Bank - Beta | Philippines | User Credentials Bank Statements |
| Land Bank of the Philippines | Philippines | User Credentials Bank Statements |
| Metropolitan Bank - Beta | Philippines | User Credentials Bank Statements |
Updated 10 months ago