What Giact Systems does

GIACT Systems is a US-based fintech that built and operated a real-time bank account and identity verification platform. Founded in 2004 and headquartered in Allen, Texas, the company delivered verification of US consumer and business bank accounts and their owners through a single API, with extended coverage to more than 45 countries for cross-border payments. Its product suite spanned core Account Verification, Account Insights (transaction-history and aggregated-activity analytics for fraud spotting such as Account Takeover and Authorized Push Payment fraud), Identity Verification, Multi Factor Authentication, ACH payment protection aligned to Nacha rules, Supplier Risk Management, Customer Life Cycle Risk Management, and Instant Payments Screening. The platform also included a customer portal and a consumer-facing Consumer Inquiries service for disclosures, disputes and identity-theft reporting. As a registered consumer reporting agency, GIACT resold reports from third-party data providers including Early Warning Services. The company served 1,200+ enterprise customers across financial services, banking and insurance — including 24 Fortune 100 firms, 4 of the 10 largest US banks, and 9 of the 10 largest US insurance companies — and was designated a Nacha Preferred Partner in compliance and risk/fraud prevention.

Name

Giact Systems

Legal name

GIACT Systems, LLC

Website

https://giact.com

Company type

Private

Founded year

2004

Operating status

Acquired

Headcount range

51–100 employees

Short description

GIACT Systems provided real-time US and global bank account and identity verification through a single API, serving 1,200+ enterprise customers including Fortune 100 firms, major US banks, and top US insurers, and is now integrated into LSEG Risk Intelligence.

Ownership category

akta.pro rank

Product category

Bank Account Verification Software

NAICS

Credit Bureaus (561450), Activities Related to Credit Intermediation (5223)

SIC

Services-Consumer Credit Reporting, Collection Agencies (7320)

akta.pro primary industry

Fraud, Risk, KYC/AML & Compliance Platforms (BPAMAFAI)

akta.pro secondary industries

Income, Employment & Cash-Flow Verification (Consumer) (FSAKAKAE), Customer Identity (KYC/CDD/EDD) & Onboarding (FSAMAMAA), Identity & Authentication for Open Banking (SCA support, token exchange) (FSAGACAF)

Keywords

• Bank account verification
• Identity verification
• Payment fraud prevention
• ACH compliance solutions
• Account takeover detection

Headquarters

HQ city

Allen

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Consumer Report Reselling: GIACT operates as a consumer reporting agency that verifies and authenticates checking and savings accounts and resells reports prepared by third parties such as Early Warning Services. Reports may be limited to providing information about whether an account number is valid and whether the account is open.
2. API-based Verification Services: Real-time bank account verification services delivered via single API, enabling businesses to verify accounts, safeguard payments, and reduce unauthorized returns. Services include vendor and client bank account verification for individuals and businesses.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels4 records

Core offering

Giact Systems delivers real-time bank account and identity verification for businesses through a single API, using an integrated bank database and open banking solution. The platform enables enterprises to verify account existence and ownership, safeguard payments, reduce unauthorized returns, and screen for payment fraud, account takeover, and synthetic identity risk across US and 45+ global markets. Complementary solutions include transaction insights, identity verification, multi-factor authentication, ACH payment protection, supplier risk management, and instant payments screening.

Product overview

GIACT Systems is now part of LSEG Risk Intelligence, offering a unified account and identity verification platform. The core offering is LSEG Account Verification (formerly GIACT), providing real-time US bank account verification through a single API, complemented by Global Account Verification for 45+ countries. The platform includes add-on modules for Account Insights (transaction behavior analysis), Identity Verification, Multi Factor Authentication, ACH payment protection, Supplier Risk Management, Customer Life Cycle Risk Management, and Instant Payments Screening. GIACT also operates a customer portal for client access and a consumer inquiries service for disclosure requests and fraud reporting.

Differentiator

Problem solved

Functional benefit

Products and services

• LSEG Account Verification (formerly GIACT) Primary real-time US bank account verification solution providing insight into account existence, ownership, and risk signals through a single API, delivering fact-based response codes (decline, risk alert, accept with risk, pass) for individuals and businesses.
• Global Account Verification Real-time verification of global bank accounts and their owners across more than 45 countries, enabling confident cross-border payments and combating Authorised Push Payment fraud.
• Account Insights Provides additional information related to transactions, including transaction history and aggregated historical information on account activity to help spot potential fraud such as Account Takeovers, Authorised Push Payments, and Synthetic IDs.
• Identity Verification Comprehensive identity verification data designed to ensure the entity being dealt with is a real business or person, complementing bank account verification with identity-level assurance.
• Protecting ACH Payments Solutions to reduce payments risk and ensure compliance with evolving National Automated Clearing House Association (Nacha) rules for ACH payment processing.
• Supplier Risk Management Vendor management tools spanning onboarding, sanctions and PEP screening, change management and disbursements, designed to quickly identify potential risk and validate vendors.
• Customer Life Cycle Risk Management Suite of complementary solutions for holistic fraud prevention strategy to manage and mitigate potential fraud across the entire customer lifecycle.
• Instant Payments Screening Screens and verifies instant payments quickly and effectively to pinpoint potential risk and deliver a customer-first experience.
• GIACT Customer Portal Secure online portal for GIACT clients to access and manage their account verification services, featuring username/password authentication for authorized users.
• Consumer Inquiries Service Service allowing individuals to request disclosure of consumer report information, dispute inaccuracies, or report identity theft concerns related to their verified accounts.

Quantifiable outcome

• Reduce payments risk and minimize fraud and limit ACH returns
• +3 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Two partnerships are on record, tiered core.

• NachacoreStrategic or Co-development PartnerGIACT (now LSEG Risk Intelligence) is recognized as a Preferred Partner of Nacha, the ACH governing body, in the categories of compliance and risk and fraud prevention. This partnership validates GIACT's solutions for advancing the ACH network and supporting network participants.
• Early Warning ServicescoreTechnology or IntegrationGIACT resells consumer reports prepared by third parties such as Early Warning Services. These reports may be limited to providing information about whether an account number is valid and whether the account is open. GIACT does not assemble its own data but serves as a reseller of archived reports.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Plaid: Plaid is a leading open banking connectivity and account verification platform delivering bank linking, balance, and identity data via API. It directly competes with GIACT in real-time bank account verification, ownership confirmation, and ACH/payment risk mitigation for fintechs, lenders, and enterprises.
• Early Warning Services: Early Warning operates the bank-owned Zelle, Paze, and account verification networks and is the underlying data source GIACT resells from. It is the most direct competitor in US bank account authentication and risk scoring for ACH and P2P payments.
• Finicity (Mastercard): Finicity provides open banking APIs for bank account verification, transaction history, and cash-flow underwriting. Acquired by Mastercard, it competes head-on with GIACT in account verification and is increasingly bundled with card-network fraud and identity solutions.
• MX Technologies: MX delivers account aggregation, verification, and financial data connectivity to banks, fintechs, and lenders. Its account verification and data enhancement products compete directly with GIACT's core US bank account and identity verification API.
• Ekata (Mastercard): Ekata provides identity verification, email/phone/address risk scoring, and consumer identity data APIs. Its identity verification offerings closely mirror GIACT's Identity Verification and risk signal products, especially in onboarding and fraud-prevention use cases.

Broad incumbents

• LexisNexis Risk Solutions: LexisNexis Risk Solutions is a large incumbent provider of identity verification, fraud detection, and compliance data used by banks, insurers, and government. It overlaps with GIACT in identity, KYC, and payments fraud, but as part of a much broader risk and analytics portfolio.
• Yodlee (Envestnet): Yodlee is a long-established financial data aggregation and account verification platform serving banks and fintechs. It competes with GIACT in account verification and transaction data enrichment, primarily via enterprise data partnerships with financial institutions.

Emerging players

• Alloy: Alloy is an identity decisioning platform that combines KYC, KYB, fraud, and AML data sources into a single API for fintechs and banks. It competes with GIACT's identity verification and onboarding modules, with a particular focus on digital-first financial institutions.
• Persona: Persona offers configurable identity verification, KYC, and fraud prevention APIs used by fintechs, marketplaces, and crypto platforms. It overlaps with GIACT's identity verification and MFA products, particularly for digitally native customers outside traditional banking.
• ID.me: ID.me provides digital identity verification and authentication, with strong traction in government, healthcare, and financial services. It competes with GIACT in identity verification and MFA, particularly where high-assurance identity assurance levels are required.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/giactsystems
• Facebookfacebook.com/giactsystems
• LinkedInlinkedin.com/company/giact-systems

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Giact Systems