DrawLock
Identity Verification & KYC/AMLDrawLock is a payment verification tool designed to help general contractors authenticate subcontractor bank account details securely and efficiently, primarily by integrating with Plaid for bank verification, sending SMS verification codes to confirm access, and exporting verified payment data. Its main features include real-time bank account validation, SMS-based access confirmation, extensive audit trail records, project-level verification management, and the ability to export verified payment CSV files; it addresses issues related to payment fraud, incorrect banking information, and process transparency, serving construction managers, project administrators, and financial teams involved in subcontractor payments to ensure accuracy and security before release of funds.
DrawLock can be found in Identity Verification & KYC/AML categories.
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