Financial and professional service companies can now use miiCard Certified Digital Bank Statements for underwriting, risk assessment and responsible lending decisions.

Certified Digital Bank Statements are user-controlled components of a verified miiCard identity. Upon request, miiCard members can authorize financial institutions or professional service companies to access one of two different levels of information:

• A Bank Statement that includes full transaction details delivered for the last 30, 60 or 90 days;
• An Account Summary that includes account details such as number of transactions, total credits and debits, and closing balance.

This financial information can be used as proof of income or credit history to help companies make better underwriting decisions, approve loan limits, or extend credit-based services -- all entirely online and provided with explicit consumer consent. With miiCard Certified Digital Bank Statements, financial and professional service companies can increase conversions, reduce costs, and minimize risk.

"For disruptive services to thrive in a completely online environment, individuals and businesses must be able to connect with complete confidence," said miiCard CEO James Varga. "miiCard's patented identity platform allows users to prove 'I am who I say I am' and share certified information, such as their employment history and credit worthiness, in seconds and purely online versus using notaries, in-person visits, or outdated fax machines."
miiCard's Level of Assurance 3+ identity verification service leverages the authority and security inherent in a member's online financial accounts to prove identity to passport or photo ID standard. Certified Digital Bank Statements are coupled with a miiCard verified identity to avoid requiring users to re-verify their identity every time a financial partner requests access. miiCard's cloud-based Identity as a Service approach also makes it easy for businesses to certify bank account information without the time and cost outlay required of a deep technology integration.

With miiCard's Identity as a Service (IDaaS) platform and Certified Digital Bank Statements, businesses can verify that an individual can afford a loan or qualify for a service in just minutes and completely online.

"Put simply, a miiCard verified identity with certified statements allows individuals and businesses to do more online," continued Varga.

miiCard is available in ten countries and can verify over 350 million people today.