Overview

Verification of Assets (VOA) provides a seamless method for confirming user asset information through consumer-permissioned financial account access. Institutions and stakeholders can review assets with no need for physical documentation.

Consumers can grant access to allow direct viewing into financial holdings. This approach is helpful for a variety of use cases, including those below:

Mortgage approvals - Lenders determining an applicant's financial situation, down payment capabilities, and overall creditworthiness
Personal loans - Institutions gauging borrower assets as part of risk evaluation
Wealth Management - Financial advisors navigating strategies based on comprehensive view of client holdings
Rentals and leasing - Landlords verifying potential tenant financial health and security deposit capabilities
Large purchases - Dealerships or sellers verifying payment capability for goods, such as vehicles or high-end electronics

Direct access to verified asset data simplifies verification processes. Transactions are more transparent, resulting in higher trust, reduced fraud, and faster decision-making.

Get started

Follow these guides to implement Verification of Assets in your application:

Scoping Verification of Assets - Plan your implementation and understand the requirements
Designing the Verification of Assets UX - Create a user-friendly experience for asset verification
Implementing Verification of Assets Solutions - Technical implementation guide

Data and reference

Data Reference for Verification of Assets - Complete data structure and field reference

Key features

Instant verification - Real-time access to account balances and asset information
Multiple account types - Support for checking, savings, investment, and retirement accounts
Comprehensive reporting - Detailed asset reports with balance history and summaries
Secure connections - Bank-grade security with OAuth connections
Easy integration - Simple API integration with webhooks for status updates