Online Audit Confirmation and Credit Inquiry Service

Financial institutions face a variety of challenges including increased regulatory requirements, added pressure to reduce costs, and finding ways to improve operational efficiency — all while increasing client acquisition and retention.  At the same time, responding to audit confirmation and credit inquiry requests is extremely manual, inefficient and increases a bank's level of risk. Confirmation.com automates audit confirmation and credit inquiry processes, allowing banks to comply with regulatory standards, increase productivity, and reduce risk.​

Auditors mail millions of audit confirmation letters to banks annually, requesting confirmation of their clients' balances and arrangements. The traditional process is slow and time-consuming.

As a FREE service for banks, Confirmation.com is used by more than 3,000 banks to process more than $1 trillion in confirmations each year. The Confirmation.com online platform drives efficiency, helps combat fraud, and enhances the customer experience.​​ 

Register today.​ ​  ​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​​

 
 
 

 Program Benefits

 
  • Free service —​ Auditors pay for the service because of quicker responses and improved efficiency. It is completely free for banks.
  • Connect to a global network — 13,000+ audit firms and over 100,000 auditors worldwide use Confirmation.com.
  • Drive efficiency  Eliminate manual redundant processes and experience up to 90% time savings.
  • Combat fraud  Controlling the process reduces the risk of confirmation fraud.
  • Protect data — Confirmation.com's secure environment protects privacy and confidentiality of users’ data. Learn more.​
  • Ensure services levels  Confirmation.com's reporting allows you to track aging and ensure service levels are achieved.
  • Simple registration  There’s no software to install. All you need is an email address and access to a web browser.
 

 Audit Confirmation Requests

 
Confirmation.com can be used to respond to a wide variety of audit confirmations including:
  • Cash
  • Debt
  • Alternative Investment
  • Bond Issue
  • Commercial Real Estate
  • Derivatives
  • Escrow Account
  • Letter of Credit
  • Line of Credit
  • Money Market Fund
  • Mortgage Debt
  • Pension Plan Assets
  • Safe Deposit
  • Securities
  • Time Deposit
  • and more
 

 Credit Inquiries

 
​Confirmation.com also automates credit inquiry requests for your commercial clients. Instead of processing faxed requests, your bank can receive and respond to credit inquiry requests directly from a desktop, letting you respond to requests faster and more efficiently than ever before.​
 

 Confirmation.com Successes

 
  • Read about the coverage Confirmation.com has received in the U.S. Media.
  • Confirmation.com played a significant role in exposing the Peregrine Financial Group (PFG Best) multi-year $215 million fraud. More recently, Confirmation.com played a role in uncovering financial fraud by an investment fund owner and operator in North Carolina, as well as a china-based company that traded on a U.S. stock exchange. The press coverage this service continues to garner illustrates the relevancy of and success achieved by employing the Confirmation.com service in today's business environment.​
 
 

 Confirmation.com Media Coverage

 

Read about the coverage the Confirmation.com service has received in the U.S. media.

Confirmation.com played a significant role in exposing the Peregrine Financial Group (PFG Best) multi-year $215 million fraud. More recently, Confirmation.com played a role in uncovering financial fraud by an investment fund owner and operator in North Carolina, as well as a china-based company that traded on a U.S. stock exchange. The press coverage this service continues to garner illustrates the relevancy of and success achieved by employing the Confirmation.com service in today's business environment.

Questions? Please contact Jackie Lucas for more information.

 

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 Program Contacts

 

Corporation for American Banking
Kimberly Smith
(202) 663-7516
Robin Gordon
(202) 663-5128

Confirmation.com
214 Centerview Drive, Suite 265
Brentwood, TN 37027
Contact: Dave Malone 
(888) 716-3577
Dave.malone@confirmation.com
www.confirmation.com/
Twitter: @CConfirmation

 

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