Summary
Nance connects to your bank accounts through a secure, OTP-based authentication process using your registered mobile number. Once verified, it automatically fetches and updates your transactions.
How This Works in Nance
Nance uses a secure, bank-authorized connection flow to access your account data—no manual uploads, no hacks, no shortcuts.
Here’s what happens behind the scenes:
1. Identity Verification via Mobile Number
- Your bank account is linked to your registered mobile number
- During connection, the bank sends an OTP to this number
- This ensures that only you can authorize access
2. Secure Account Discovery
- After verification, Nance discovers your bank accounts associated with that number
- You choose which account(s) to connect
3. Permission-Based Access
- Nance only gets read-only access to your transactions
- It cannot make payments, transfers, or changes to your account
4. Automatic Transaction Sync
- Once connected, Nance starts fetching your transactions automatically
- ❌ There is no manual refresh—everything is handled in the background
Why This Matters
- No need to enter transactions manually (except cash, if you want)
- Your data stays secure, consistent, and always up to date
- You get real-time insights without constantly “refreshing” anything
It’s basically your bank talking to Nance—securely, quietly, and on schedule.