Bank verification with Open Banking
Satago's registration process is quick and simple, and as part of our Anti Money Laundering checks we verify each client's bank account ownership before we release any funds.
Satago uses tink an online information service provider of Open Banking which is a UK government standard.
tink are regulated by the FCA (an Authorised Account Information Service Provider, FRN number 833787). You can find out more on the Open Banking website.
Open Banking is all managed online, so just like logging into your online banking, you can grant permission for providers of financial services to see information from your bank account securely online.
Open Banking removes Satago's need to obtain paper documents to verify bank details with you. Your bank will only allow authorised and regulated financial services firms to connect with your bank account and they will also let you remove access to any business you?ve connected from within your online banking.
Satago uses tink to access your account information for the consented period of 90 days.
tink allows you to connect to many of the high street banks. Below is the present list of banks
