TLDR: Bank statement data is directly acquired via open banking, analysed, and presented in a standardised format within the CDD platform and PDF reports.
Bank statement data extraction via open banking in CDD
If your client shares their bank statements using open banking, the account details and transaction data will be acquired directly from their bank. Information and transaction data shared via open banking is analysed and presented in a standardised format within the CDD platform and PDF reports.
This guide is for Thirdfort Clients using the new CDD platform. This article may not apply if you have not yet been migrated to the new platform or access Thirdfort via a partner or reseller