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Use Case > Verify

Confirm Identity Before Critical Financial Decisions.

Spinwheel enables verification in seconds — without credentials or unnecessary onboarding friction. WIth just a phone number and date of birth, lenders and financial providers can verify a consumer’s identity and validate account ownership.

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Use Case > Verify

Confirm Identity Before Critical Financial Decisions.

Book a Demo

Talk to Sales

Verification Processes Should Reduce Fraud — Not Conversion Rates.

Problem

Friction-Filled Verification Methods Increase Fraud Risk and Lower Conversion.

Verifying that you’re working with the right consumer is non-negotiable.

But, traditional verification methods create unnecessary friction by asking consumers to manually connect accounts or complete multiple disconnected identity workflows. The result is lower conversion, increased abandonment, higher operational costs, and greater fraud risk.

Problem: Manual verification cards asking the user to link a bank account, enter routing and account numbers, upload a government ID, and answer security questions

Problem

Friction-Filled Verification Methods Increase Fraud Risk and Lower Conversion.

Verifying that you’re working with the right consumer is non-negotiable.

Solution

Verify Consumers in Seconds.

Verify consumer identity, validate account ownership, and establish confidence before financial information is accessed, applications are submitted, or money moves — without the friction using just a phone number and date of birth.

The result is faster onboarding, lower fraud risk, and higher conversion.

Solution: App showing a phone number and date of birth form, verification results confirming identity, account ownership, and a passed fraud review, and application and disbursement marked ready for onboarding

Solution

Verify Consumers in Seconds.

The result is faster onboarding, lower fraud risk, and higher conversion.

The Spinwheel Difference.

Increased Conversion.

Remove verification friction that causes consumer abandonment.

20%+

increase in conversion rates

Reduced Fraud Risk.

Create confidence that consumers are who they claim to be before critical financial actions occur.

Accelerated Onboarding.

Verify consumers in seconds rather than making them jump through hoops to complete applications.

80%

faster application times

Improved Decision Confidence.

Establish verified relationships for better product matching, underwriting, funding, and repayment.

The Spinwheel Difference.

Increased Conversion.

Remove verification friction that causes consumer abandonment.

20%+

increase in conversion rates

Reduced Fraud Risk.

Create confidence that consumers are who they claim to be before critical financial actions occur.

Accelerated Onboarding.

Verify consumers in seconds rather than making them jump through hoops to complete applications.

80%

faster application times

Improved Decision Confidence.

Establish verified relationships for better product matching, underwriting, funding, and repayment.

The Spinwheel Difference.

Increased Conversion.

Remove verification friction that causes consumer abandonment.

20%+

increase in conversion rates

Accelerated Onboarding.

Verify consumers in seconds rather than making them jump through hoops to complete applications.

80%

faster application times

80%

faster application times

Reduced Fraud Risk.

Create confidence that consumers are who they claim to be before critical financial actions occur.

Improved Decision Confidence.

Establish verified relationships for better product matching, underwriting, funding, and repayment.

Common Solutions.

Consumer Identity Verification.

Authenticate consumers instantly using just a phone number and date of birth.

Account Ownership Validation.

Verified Onboarding.

Reduced Fraud Exposure.

Application Readiness.

Common Solutions.

Consumer Identity Verification.

Authenticate consumers instantly using just a phone number and date of birth.

Account Ownership Validation.

Verified Onboarding.

Reduced Fraud Exposure.

Application Readiness.

Common Solutions.

Consumer Identity Verification.

Authenticate consumers instantly using just a phone number and date of birth.

Account Ownership Validation.

Verified Onboarding.

Reduced Fraud Exposure.

Application Readiness.

What’s Next? → Prequal

Verified Customers Enable Easier Prequalification Evaluations.

Once you've confirmed you're working with the right consumer, the next step is determining which products best align with their financial position and borrowing needs.

Explore Prequal

Powering the Full Consumer Credit Lifecycle.