You can use Powens to aggregate financial data, verify bank accounts, and process bank-to-bank payments. The service connects to over 1,800 banks across Europe to retrieve user account balances, transaction histories, loans, and investment records. You can also generate virtual IBANs, initiate instant SEPA payouts, set up direct debits, and collect funds through open banking pay-by-bank flows. Additionally, it lets you run identity checks on bank accounts to prevent fraud during onboarding and reconcile business accounting records in real time without manual intervention.
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