Supplier - Bank Account Validation

Summary:

Our organization is aware of Oracle’s upcoming partnership with JP Morgan, which will offer U.S. bank account validation services. However, given our global operations and diverse supplier base, we require a solution that extends beyond domestic validation and supports international requirements as well.

Specifically, we are looking for recommendations on vendors or web services that can validate a wide range of bank account formats, including domestic accounts, IBANs (International Bank Account Numbers), and SWIFT/BIC codes. This capability is crucial for ensuring the accuracy and security of payment information across different countries and regions.

To further streamline our supplier onboarding process, we would prefer solutions that offer webhook integration. This would allow us to embed real-time bank account validation directly within our Supplier Registration Form, reducing manual intervention, minimizing errors, and improving overall efficiency.