The capability to verify a/c can be used in multiple business scenarios such as:
1) A crucial part of the verification process before providing loans of all kinds (education, health, business, car etc)
2) Employee background check: A recruitment agency can use the feature for a candidate's background check
3) Vendor onboarding: A marketplace splitting commission with different vendors can use the feature to verify the a/c details at the time of onboarding the vendor, this also helps in correct payments later on.
The ability to integrate the API with existing ERP helps in reducing operational effort and saves cost by 90%.