Bank Detail Validator Agent

Bank detail changes are one of the most common and costly fraud vectors in finance operations. Each change request needs to be evaluated carefully before payments are made, but verification is often manual and inconsistent, particularly when teams are busy.

The LuminIQ Bank Details Validator evaluates every change request automatically as it is submitted. It checks for risk indicators and routes high-risk changes for verification before any payment is released. Legitimate changes proceed without unnecessary delay, and teams are protected from manual oversight gaps.

What It Reviews

The agent automatically evaluates bank detail change requests as soon as they are submitted, without backlog, so risk is identified before payment.

• Account characteristics: Reviews bank account details for consistency with vendor location, expected account formats, and historical records.

• Change patterns: Evaluates timing and frequency of bank detail changes, including urgency signals and proximity to upcoming payments.

• Channel verification: Checks whether change requests originate from expected communication channels and domains.

• Fraud indicators: Identifies combinations of signals commonly associated with bank detail fraud and flags high-risk changes for verification.

Who this is for

This agent is for accounts payable and finance teams responsible for managing vendor bank details and preventing payment fraud. It is suited to organisations where manual verification is inconsistent or difficult to enforce under time pressure.

It supports finance leaders by strengthening controls without slowing legitimate changes, and procurement teams by ensuring vendor master data changes do not introduce avoidable risk.

Manual vs automated agent execution

Before:

Before using the agent, bank detail changes are processed manually. Verification depends on individual judgement and available time, and under pressure it is easy for checks to be skipped. Fraudulent changes can look legitimate and may only be discovered after payments have been made.

• Verification steps are applied inconsistently
• Urgent requests increase the risk of oversight
• Manual checks rely on memory and vigilance
• Fraud is often detected after funds move
• Teams balance speed against risk with limited support

After:

After the agent is in place, every bank detail change is evaluated automatically before payments are released. Risk indicators are checked consistently and high-risk changes are routed for verification.

• Change requests are assessed as they are submitted
• Common fraud patterns are evaluated systematically
• High-risk updates are flagged before payment
• Legitimate changes proceed without unnecessary delay
• Fraud prevention improves without slowing operations

Configuration options

The Bank Details Validator is configurable to strengthen payment controls without slowing legitimate vendor changes.

• Risk indicators: Define which change patterns and characteristics trigger concern.
• Historical comparison rules: Configure how new bank details are compared against existing records.
• Channel validation: Specify expected request channels and communication patterns.
• Routing rules: Configure how flagged changes are routed for verification.
• Audit logging: Define how validation decisions are logged for review.

Security & Compliance

Bank detail data is processed within Gatekeeper’s secure environment with appropriate access controls. All change evaluations, risk signals, and routing decisions are logged, providing a complete audit trail for payment controls and fraud prevention.

The Bank Detail Validator Agent is part of LuminIQ, Gatekeeper’s AI engine for third-party lifecycle management. All agent actions are logged with complete audit trails. The agent operates within your configured permissions and routing rules—it doesn’t make decisions outside the parameters you set. Data handling follows Gatekeeper’s enterprise security standards, including SOC 2 Type II compliance and GDPR requirements.