LUCY DIAMOND

The first application that instantly cross-checks banking and personal details through an inter-banking network

IBAN verification and validation service

Lucy Diamond artificial intelligence

Based on artificial intelligence

Automatic data check through artificial intelligence

compliance with inter-bank account verification standards and systems

Certified results

Data increase and verification through powerful algorithm, in accordance with interbanking standards and regulations

Lucy Diamond easy-to-use and agile

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

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
  • IBAN
  • SIREN
  • SIRET
  • VAT number
What does LUCY DIAMOND do?
The ability to verify credit card numbers and account existence will be added in the next inter-banking version.
How to verify bank details with LUCY DIAMOND?

How to verify bank details with LUCY DIAMOND?

1

Using the LUCY DIAMOND interface, the user sends the bank account details of the account(s) to their PSP (manually or in batch).

2

The bank verification request is automatically routed to the bank or PSP of the account holder in question.

3

Information is cross-checked within the bank’s database and a “score” is calculated based on the level of correspondence.

4

The scores are then sent back to the customer via the LUCY DIAMOND interface, thus avoiding any attempt of IBAN fraud.

Lucy Diamond iban bic verification results and notifications

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 inexistant (true or false)

Notifications can be scheduled at any point of 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
How does LUCY DIAMOND work?

Secure your payments with LUCY DIAMOND

A seamless integration process

A seamless integration process

Highly compatible, LUCY DIAMOND installs and integrates into any system without impact.

An agile and secure service

An agile and secure BtoB service

All transactions and flows processed by LUCY DIAMOND are protected by bank-level encryption and coding.

Lucy Diamond application by StreamMind

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.

Learn more about LUCY

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