Thanks to Finovate/FinDEVr alum Finicity, developers have a new API to use to add account verification to their payment and investment apps. Finicity’s new ACH Account Verification API gives developers the ability to quickly verify necessary account information for initiating inbound ACH account transfers.
“At Finicity, we’re committed to expanding our APIs and services to enrich existing partner offerings and open new partner markets,” Nick Thomas, co-founder and president of Finicity Data Services said. “The ACH Account Verification API accomplishes both by providing foundational payment and investment-account funding services across a high percentage of deposit accounts in the U.S.”
Finicity President and co-founder Nick Thomas during his presentation “The Launch of Real-Time Transaction Push” at FinDEVr New York 2016.
Founded in 1999 and headquartered in Murray, Utah, Finicity demonstrated its TxPUSH API for fintech apps at FinovateSpring 2015. The company is also a veteran of the FinDEVr developer conferences, presenting “The Launch of Real-Time Transaction Push” at FinDEVr New York 2016 earlier this year. Finicity has raised more than $18 million in funding, and last fall acquired fellow Finovate alum, Aurora Financial Systems.
With more than 1,400 direct integrations to help app builders add new client onboarding and ongoing funds-verification sourcing, Finicity has the broadest coverage of directly sourced account information in North America. The company won the Finance API of the Year award from API World in August, and partnered with fellow FinDEVr alum, Intuit Developer Group, when the company decided to discontinue its financial services APIs this spring.
Talking about his company’s experience onboarding and working with new clients at FinDEVr New York 2016 this spring, Finicity’s Nick Thomas said, “It’s a fascinating place to be, to be in the platform space, and to see all this amazing innovation that’s happening. You think you’ve seen exciting stuff today. You have no idea what cool things are coming down the pipeline.” If “exciting” and “cool” are words you use to describe the latest in tools, tips, and tricks for fintech developers, then join us October 18 and 19 for FinDEVr Silicon Valley 2016. Stop by our registration page today and take advantage of early-bird pricing through Friday.