Banking API — Neobanks
Instant Bank Account Onboarding with CDR Verification
Onboard customers instantly using banking data verification. Verify identity, income, and account ownership in seconds instead of days.
Traditional bank onboarding takes days with manual document verification. Fiskil enables instant onboarding by verifying identity and financial status through CDR-authenticated banking access.
The Challenge
Multi-day onboarding with document uploads creates friction, causing 40-60% of customers to abandon.
The Solution
Verify identity, address, income, and account ownership instantly by authenticating with existing bank.
Capabilities
How Fiskil Helps
Identity Verification
Verify identity by confirming customer has access to bank account in their name.
Address Verification
Extract verified address from bank account details.
Income Verification
Verify income instantly from transaction history for credit limit setting.
Fraud Prevention
Prevent synthetic identity fraud by requiring genuine bank authentication.
Implementation
How It Works
Customer Applies
Customer starts account application with basic information.
Bank Authentication
Customer authenticates with existing bank through CDR consent flow.
Instant Verification
API verifies identity, address, and income from banking data in seconds.
Immediate Account Opening
Customer account is opened immediately - ready to use in minutes.
In Practice
How Teams Use This
Digital Neobank
A neobank implements instant onboarding to compete with incumbents.
Onboarding completion rate increased from 35% to 82%, acquiring 15k new customers monthly.
Challenger Bank
A challenger bank reduces onboarding from 5 days to 5 minutes.
Customer acquisition cost reduced by 55% with instant onboarding conversion.
Youth Banking App
A youth bank onboards students instantly during school enrolment.
Onboarded 50k students in first semester vs 5k with previous manual process.
Technical Details
What You Integrate With
API endpoints
POST /onboarding/initiateGET /onboarding/verify-identityGET /accounts/{accountId}/verification-dataPOST /onboarding/complete
Data returned
Account holder name
Verified address
Date of birth
Income verification
Account ownership proof
Fraud risk score
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
Ready to get started?
Get your API keys today and start building with Fiskil's Banking API.
FAQs
Related Use Cases
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