Funds Validator: Verifying funds in advance of big global transactions

NAFSA's Annual Conference Committee recently accepted our session proposal, Combatting International Admissions Fraud: Problems and Solutions for their signature event in New Orleans, 28-31 May 2024. Congratulations to Chair Yasir Ansari of Simpled and Co-presenters Cheryl Darrup-Boychuck of FundsValidator and Dana Brolley of the University of Idaho!

Given the stiff competition of proposals from around the world, this acceptance acknowledges the industry's appetite for innovation in improving the efficiency and integrity of processes within international admissions. FV is delighted to contribute #FinTech solutions for the proof-of-funding component. Schedule a call to learn more!

The Challenge

"If it takes 100 applications to get four enrollments, the institution still has to process 100 files and issue 100 offers. High rates of refusal continue to plague institutions' ability to increase the matriculation of international students."
Etienne Carbonneau, as quoted in Access Denied: High Refusal Rates of Study Permits an Issue at Francophone Universities

The Solution

Funds Validator can dramatically improve that abysmal, unsustainable 4% conversion rate -- and similar single-digit yields across top English-speaking host countries. FV specifically addresses the financial capacity requirement so all stakeholders can proceed with confidence during the due diligence phase of the application process.

Features of Funds Validator

VALIDATE ACCOUNTS
Authenticate legitimate bank account details of the applicant and sponsor(s).

MINIMIZE RISK
Reduce the risk of fraud inherent in easily-manipulated screenshots or PDFs.

ENHANCE PRIVACY
Segregate the financial data to mitigate privacy issues of students and sponsors.

CUSTOMIZE THRESHOLDS
Validate that the (accumulated) balance exceeds the established threshold.

Secure, Robust Platform

Rest assured with our industry-leading data security and privacy policies.

Multiple Options

Present various ways for applicants and their sponsors to prove financial capacity.

Optimized Process

Offer applicants a simple way to comply with host-country regulations.

About us

Our bank balance validation widget verifies liquid accounts of international students and their sponsors to provide accurate, timely and secure confirmation of financial capacity, which facilitates better decisions earlier in the recruitment cycle for universities, authorities and other stakeholders.

Cheryl Darrup-Boychuck

CEO: Creative thinker in advancing global student mobility for more than 20 years; studied in Australia as an international student.

Linda Haddad

CPO: Longtime financial services innovator and entrepreneur with strong interest in expanding access to global learning; Peace Corps alumna.

Kingsley Okeke

CTO: Technical leader with more than a decade experience building products across various industries; studied in Canada as an international student.