Bank account and address verification in vendor onboarding

To ensure both timely and accurate payments to BW Epic Kosan vendors, and to reduce the risk of fraud, we ask you to verify bank account ownership and proof of address.

BW Epic Kosan partners with DIRO for this process, the leading provider of bank verification solutions trusted by F500 and Tier 1 global banks. Visit DIRO Trust Center.

Frequently asked questions

  • Your bank statement will not be shared with BW Epic Kosan. Only selected fields as highlighted inside each session will be shared. All other data will be purged.
  • Your utility bill will not be shared with BW Epic Kosan. Only selected fields as highlighted inside each session will be shared. All other data will be purged.
  • Any sensitive information such as balance, transactional data, or usage, from your bank statement or utility bill will never be shared with BW Epic Kosan.

  • The entire verification session provides end-to-end encryption and remains private. In other words, you will not share your password or login credentials with DIRO or BW Epic Kosan.
  • Most banks use one-time passwords (OTP) with multi-layer security.
  • Most banks use two-factor authentication (2FA) or multi-factor authentication (MFA). The second factor is sometimes offline or on a separate device, such as a smartphone for high security and to eliminate fraud.
  • Since you will not do a transaction, only verify bank account ownership and proof of address, your transaction password will never be asked for in the verification session.
  • Visit DIRO to learn more about user privacy.

DIRO is trusted by F500 and Tier 1 global banks in consumer and enterprise verifications across 195 countries. Its solution is used to verify bank account ownership, proof of address, and other documents to eliminate fraud, email spoofing, and impersonation issues.

  • DIRO's solution eliminates the possibility of document fraud, email spoofing, and impersonation issues.
  • DIRO's ephemeral architecture of each session does not permit or make possible any storage of passwords or other login credentials. This makes the solution particularly applicable to bank account verification and proof of address in consumer and enterprise onboarding to eliminate fraud.
  • DIRO's verification of bank statements and utility bills provides verification of selected source data directly from the bank or utility company without the possibility of tampering.
  • KYB (Know Your Business) is mostly a manual process with uploads of simple PDFs which is open to tampering, fake, and stolen data. This can lead to fraud and money laundering. DIRO is solving this problem by creating a new global standard for document verification in KYB.
  • DIRO participated in the UK's FCA (Financial Conduct Authority) sandbox for KYC in 2019 (cohort 5) with its bank account verification and proof of address solution.
Learn more about DIRO's bank account and address verification solutions.