The future of account verification: In conversation with DirectID

Webinar | 26 October 2022

The future of account verification

James Varga, CEO & Founder of DirectID, and Pete Janes, CEO & Founder of Shieldpay, get together to discuss the history of account verification, sharing past challenges faced and presenting a new incredible use case, powered by open banking.

What you'll learn

In this open discussion, James and Peter will talk through the past, present and future of account verification, delving into the world of Open Banking and the many applications of this burgeoning system. They will go into topics such as: 

  • What is Open Banking, why was it introduced and what are the applications of the initiative?
  • What have been the historical challenges with verifying account ownership?
  • How can Open Banking be used to address key challenges in high volume transactions, such as compliance and fraud prevention? 
  • What might be the next evolution of Open Banking and how can there be further developments to improve the digital payments process? 



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More about DirectID

DirectID is an open banking data and insights fintech that gives credit and risk decision-makers the data needed to make better-informed decisions, drive efficiencies, reduce the risk of fraud, and enable fairer outcomes. 

Affordability and creditworthiness decisions are traditionally based on historic transaction data or self-declared customer information, sources which are often out-of-date and not always reliable. DirectID’s insights are guaranteed to be accurate as they are drawn directly from verified customer bank statement data. 

DirectID offers a platform of interchangeable tools for businesses to connect, obtain and interpret customers’ transaction data. Modelled on billions of bank transaction data points, specialist credit and risk insights add context and meaning to raw data, helping businesses to understand their prospects, applicants, and customers’ financial profile. 

With global access to bank data through over 13,000+ connections, across 65+ countries, DirectID’s platform and insights power some of the world’s biggest brands in financial services, consumer and SME lending, payments, utilities, the gig economy, and beyond. 


Learn more about DirectID: 

: @_directid

: DirectID