FundsV is an agnostic, scalable and universal tool that empowers students and their financial sponsors to elevate their application by authenticating digital banking data. By serving as a conduit for genuine bank-generated data, we improve the efficiency and integrity of the proof-of-funding phase in the international student admissions journey.
Our robust platform integrates with a deep network of highly-regulated financial institutions, using industry-leading data security measures. As such, we can embed the FundsV functionality within originating CRMs (Customer Relationship Management platforms) to reduce risk and minimize duplicate data entry.
FundsV originally launched with India as our initial source country. In early 2025, we expanded our coverage globally to include Nigeria, Pakistan, Ghana, Nepal, China, Bangladesh, Korea, Brazil, Taiwan, Colombia, Vietnam, Mexico, Saudi Arabia, Japan, United Kingdom... approximately 200 countries in all. We continue to amplify our network, so reach out to us for the latest details, and follow us on LinkedIn for updates.
In terms of specific sectors, we're currently concentrating on international student visa processes in several host countries such as the United States, Australia, Canada and the United Kingdom. The FundsV functionality can be applied in a number of different verticals that require proof-of-funding, including but not limited to global real estate transactions and a variety of visa categories worldwide.
FV validates financial data from thousands of banks across approximately 200 countries around the world. In every instance, the account holder must grant permission to review a one-time snapshot of their data. Thanks to advanced Artificial Intelligence / Machine Learning technology, FundsV can identify specific data points (such as name on the account, type of account, name of the bank, and ending balance). We can usually authenticate online banking data within hours (and sometimes within minutes).
The originating platform is the source from which the student arrives at the FundsV tool. We have a business relationship with originating platforms, to help their users verify financial capacity.
As indicated on our official certificate from the U.S. Patent and Trademark Office, we've been researching funds verification as it relates to global student mobility since 2 June 2006. We focus solely on the financial capacity phase of due diligence. We are not distracted by student marketing events, academic credential evaluations, English proficiency test scores or cross-border payment processing. As such, we continually monitor the dynamic world of data-driven financial services, and are well-prepared to react accordingly in this niche function.
We continue to expand our coverage, so please contact our Support Team with specific requests. Individual users may also access the list of affiliated financial institutions from within the originating platform for the very latest directory, by country.
In summary: We collect as little information as necessary. That way, we help users comply with host country requirements while reducing vulnerability to threats.
The originating platform provides us with only a unique identifying code specific to each user, so FundsV minimizes the amount of data stored within our system. For example, if users need to change their eMail address, they must do so at the originating platform, as FundsV will have no record of it.
All data is encrypted in our database; we only decrypt it immediately before displaying in the browser (which explains the delay of a few seconds). Specifically, that data includes the name of the bank, the name on the account, the type of account (savings, checking...), and the last few digits of the account number.
We do not store user names or passwords, so if users need to refresh their financial data, they need to re-enter those credentials through the originating platform.
We purge all data 180 days after account holders grant permission for us to fetch it the first time.
Our full-length Privacy Policy is accessible at FundsValidator.com/privacy, and you'll find our Terms and Conditions at FundsValidator.com/terms.
We assess the data provided against the financial institution’s current format and policies. In the case of a dispute, the user should contact the originating platform directly to discuss any anomalies.
With account holders' permission, FV reviews bank-generated data that was recently retrieved from online banking portals. Our algorithms analyze the digital details against huge volumes of training data to detect anomolies in the format. We then share the results with the originating platform, which maintains full authority to act on our results, as they deem appropriate.
Account holders may choose to share their bank data in one of two ways:
While we regularly review uploaded PDFs of bank statements, a document's true provenance can only be absolutely confirmed from its original source. Account holders minimize the window of vulnerability (i.e., risk of document tampering) when logging in to their accounts from within FundsV's iFrame, and downloading the information directly from the bank. (Contact us for a demo of the functionality.)
Yes. We also convert currencies into
Yes.
Paper-based data falls outside of our scope; we can confidently verify bank-generated digital PDFs that have not been altered. For example, we do not accommodate image files, nor do we recognize proof-of-funding letters with signatures, stamps or other modifications (i.e., letters of disbursement, sanction letters...). We propose two ways to remedy the scenario:
As per regulatory guidelines in most host countries, bank account verification is important to satisfy the proof-of-funding / financial capacity requirement as part of your international student application.
You may choose to enter your internet banking credentials, as an alternative to uploading an original, digital bank statement PDF. You are not obligated or compelled to provide your credentials, or the credentials of your financial sponsor. If you opt to do so, your online banking credentials will not be stored, and the data-gathering process is secured with multi-layered hardware and software encryption.
Further questions about specific regulatory guidelines may be directed toward the originating platform / authority who requested your financial documents.
Please visit your financial institution's website, which can explain how to retrieve your user name and password.
In most cases, yes, though it depends on the policies of the originating platform. Please contact the authority who requested your financial documents; they can suggest alternatives for proving financial capacity as part of your application process.
First, please select the bank's home country by clicking its flag. Then choose the bank. Alternatively, please contact the originating platform / authority who requested your financial documents; they can suggest other ways to prove financial capacity as part of your application process.
The FundsV system mirrors the most recent security measures of each financial institution within our deep network. Understandably, those measures change regularly. You will be presented with the same security features, as you are logging in to your bank. You are always welcome to contact your bank directly with any questions.