Are you looking for the best API to verify bank details all over the internet and still no luck? Well, let us tell you that you came to the right post; since we have the best recommendation for you!
We’re not sure whether you’ve noticed; but when you or your organization send money outside the borders of your fiscal domicile; it’s not as simple as using the password provided by your client’s bank branch; even if it’s also available in your nation; instead, you must use a separate code, the IBAN code.
It allows financial institutions all over the world to identify their customers’ accounts and prevents money laundering and fraud; so having a tool that allows you to check the integrity of the bank accounts with which your company; or project is associated is essential if you want to keep things clear and avoid problems.
A tool capable of doing this is an API; which is simplified, and allows you to do the work of a supercomputer, without having to buy a supercomputer; since it offers you AI and Big Data services that would be very expensive to create and maintain for most of the companies.
In turn, at a financial level, they can access open banking information that would otherwise only be available to banks; but not to the majority public. This is why they are revolutionizing the accounting and sales services of large companies around the world.
What Makes APIs So Special?
If you haven’t heard, APIs have become a SaaS revolution; allowing hundreds of businesses to have the most modern software solutions without having to invest enormous sums of money in massive specialized hardware or large teams of R&D that are costly to maintain.
You can access an IBAN Validator through the services of an API, which allows you to keep your accounts clear and assists your sales and accounting teams in avoiding fraud and problems with government entities. It is a basic service that can only be accessed via an internet connection and offers hundreds of requests per second if needed.
That is why hundreds of businesses choose to utilize these software solutions remotely to do a plethora of automated chores that would otherwise necessitate substantial expenditures of time and money, and so save while upgrading their services and improving the tools for your departments.
Now, if you are more persuaded than ever that you should use an API to safeguard your foreign transactions, let us propose this API in particular; since we feel, and the evidence supports us, that it is a revelation and the anticipated best for next year!
Make A Smart Upgrade By Adding An API To Your Team!
With IBAN Validator API, you can validate any bank account information (IBAN, BIC/SWIFT, and BBAN) programmatically. It will get the IBAN and offer validation to you if the number is correct.
You can also access further information on the bank, giving you more information about where the account is located. It will validate any number from any Euro country and can also generate IBAN.
IBAN Validator API is also useful for easily converting BBAN numbers to IBAN. If you need to give someone outside your nation your bank information, they will need IBAN, so you will automatically generate these numbers for them. More importantly, if any taxes apply to your transactions, you will be notified ahead of time.
Related Post: Speed Up Your Accounting Department Using An IBAN Validation API