The first application that instantly cross-checks banking and personal details through an inter-banking network
IBAN verification and validation service
Based on artificial intelligence
Automatic data check through artificial intelligence
Data increase and verification through powerful algorithm, in accordance with interbanking standards and regulations
Easy-to-use and agile
Installation set-up is simple and intuitive. It can interface with all existing software tools without impact. Potential updates can be set-up by file import
Thwarting bank transfer fraud with LUCY DIAMOND
The application LUCY DIAMOND is an inter-bank application able to detect errors in bank account information, to fight fraud (fraud to false suppliers or BIC scam), to protect against identity theft and to maintain the reliability of the data managed by all payment processors.
Secure, and highly adaptable, LUCY DIAMOND offers no-impact installation and integration into any banking environment, as well as full compatibility with all existing systems.
What does LUCY DIAMOND do?
Once connected to LUCY DIAMOND, banks are equipped with an agile and automated technology that enables fast and secure verification of bank account and personal information (supplier BIC control, BIC compliance), for example:
- First name
- Last name
- Date of birth
- City of birth
- VAT number
How to verify bank details with LUCY DIAMOND?
Using the LUCY DIAMOND interface, the user sends the bank account details of the account(s) to their PSP (manually or in batch).
The bank verification request is automatically routed to the bank or PSP of the account holder in question.
Information is cross-checked within the bank’s database and a “score” is calculated based on the level of correspondence.
The scores are then sent back to the customer via the LUCY DIAMOND interface, thus avoiding any attempt of IBAN fraud.
Results and notifications
With LUCY DIAMOND several results are possible to know if a BIC (Bank Identifier Code) is wrong or correct, for example:
- First and last name are correct (scoring)
- Date of birth is correct (true or false)
- Bank account is valid or invalid (true or false)
- Closed bank account, open, or nonexistent (true or false)
Notifications can be scheduled at any point during the IBAN verification process to keep users up-to-date on their requests.
How does LUCY DIAMOND work?
LUCY DIAMOND offers two modes of installation. It can be installed “on-premises”, delivered onto the client server with any specific component developments, or onto any cloud, in SaaS mode.
LUCY DIAMOND can be used as a(n):
- Generic web interface, customizable according to request
- API: interfacing via parameterization
Secure your payments with LUCY DIAMOND
A seamless integration process
Highly compatible, LUCY DIAMOND installs and integrates into any system without impact.
An agile and secure BtoB service
All transactions and flows processed by LUCY DIAMOND are protected by bank-level encryption and coding.
No subscription or license fees
The use of LUCY DIAMOND does not require license or integration fees. The service is priced purely on usage.
Learn more about LUCY DIAMOND
LUCY DIAMOND is one of the innovative services offered by the banks via SEPAmail.
Our KYC LUCY service provides complementary services to LUCY DIAMOND, offering businesses a fast and secure way to access their bank’s verification services.