Account Statements

Account Statements: Make them Tamperproof and Easily Verifiable with Qryptal Secure QR Codes

Validating statements and eliminating tampering

Bank statements may sometimes need to be verified by third parties for loan approvals, proof of net worth and so on. Usually, the onus is on the customer to get the physical statement attested or chopped by the issuing bank for this purpose. However, this is time-consuming and can be annoying for both the customer as well as the issuing bank. This problem can be solved by having the statement stamped with a Qryptal QR code securing the details inside it. The code is added as an image using the Qryptal generator and the same can be validated using the dedicated QR validator app.

A sample bank statement with the Qryptal QR is given below:

Using a Qryptal QR code for a bank account or financial statement has several benefits, such as:

• Works for both printed and electronic documents
• There is no need to maintain a separate database
• There is no URL, hence no phishing attacks
• Easy to integrate with existing document generation systems
• Makes the document tamperproof and easily verifiable using a dedicated app
• Very good for security and privacy. The information is shared on a need to know basis and with the implied consent of the document holder (customer)
• Only the issuing organisation can generate the QR code with the digital signature

Schedule Qryptal Discussion