Streamline verifications, improve credit decisions, expand access to credit

<p>Bank account and transaction data can be used to significantly improve decisions and reduce risk during account acquisition, account management and screening</p>
Improve credit risk decisions

Using cashflow attributes in credit risk decisions can improve performance by up to 10% over using Vantage Score

Reduce 3rd party fraud

Verify bank account ownership before depositing funds into an account

Improve user experience

Simplify the application process for your customer by accessing bank transaction data digitally to verify income, employment and assets

Key Features
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      Accesses consumer consented bank data from thousands of financial institutions

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      Contains cashflow attributes that provide lift in credit risk decisions

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      FCRA Compliant - can be used in credit risk decisions

Use Cases
Consumer Consented Bank Transaction Data is for businesses that need to:
  • Meet KYC requirements
  • Validate Bank Account Ownership before distributing funds or withdrawing payment 
  • Verify Income and Employment
  • Reduce portfolio risk and/or reach credit invisibles
  • Determine most appropriate Line Assignment
  • Monitor cashflow to mitigate repayment risk

Bank Transaction Data is for:
  • Fintech & AltFi Lending: New Account Openings and Account Management
  • Banking and Lending: New Account Openings and Account Management
  • Tenant Screening
  • Auto: Auto Loan Applications
  • Insurance: Life Insurance Policy, best coverage determination
  • Lenders that want to use bank data in underwriting and verifications

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