miiCard rolls out Certified Digital Bank Statements

As a result, financial and professional service companies can now use miiCard Certified Digital Bank Statements for underwriting, risk assessment and responsible lending decisions.

Certified Digital Bank Statements are user-controlled components of a verified miiCard identity. Upon request, miiCard members can authorize financial institutions or professional service companies to access one of two different levels of information:
• A Bank Statement that includes full transaction details delivered for the last 30, 60 or 90 days;
• An Account Summary that includes account details such as number of transactions, total credits and debits and closing balance.

Certified Digital Bank Statements are coupled with a miiCard verified identity to avoid requiring users to re-verify their identity every time a financial partner requests access. miiCards cloud-based Identity as a Service approach also enables businesses to certify bank account information.

With miiCards Identity as a Service (IDaaS) platform and Certified Digital Bank Statements, businesses can verify that an individual can afford a loan or qualify for a service.

miiCard’s Level of Assurance 3+ identity verification service leverages the authority and security inherent in a member’s online financial accounts to prove identity to passport or photo ID standard. miiCard is available in ten countries and can verify over 350 million people today.