Fact-finder
API RECIPE
Increase your efficiency and provide more personalised experiences for your customers.
Millions of people need help with financial matters
Around 39 million UK adults find themselves in the 'advice gap,' missing out on the proven benefits of financial advice due to cost, limited awareness or confidence in financial services, and regulatory requirements that make serving clients with lower assets less feasible. Advisers don’t have the time or resources to bridge this gap today.
Our solution
Save time with data-rich fact-finds
We have moved beyond lengthy and manual fact-finding processes to get a snapshot of your customers’ finances. With the immediacy and accuracy of data available through Open Finance, advisers and customers can save time while increasing trust in the data quality.
Increase efficiency and reduce the advice gap
With less time spent on fact-finding, you can spend more time with your customers and broaden your services to help more people with the appropriate products and services they need at the right time.
The core capabilities or the ‘ingredients’ that you’ll need to bring Fact-finder to life in your business include:
Account Connection
Transaction Categorisation
Counterparty Analysis
Income & Spending Analysis
A customer would walk through the following steps:
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Using our Open Banking APIs, your customer is able to connect their current account to your product, allowing the flow of data.
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Customers can connect multiple investments, pensions, mortgages and cryptocurrency to your product to share with a financial adviser.
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Once the accounts have been connected and shared with a financial adviser for review, our AI-driven data analysis and insights offer customers immediate insights into their finances, highlighting their value and growth.
Choosing the ‘nudges’ that suit your offer
'Nudges' are the prompts that can appear in your offer. They can ask customers relevant questions and provide reminders and status updates. They can also update financial advisers when fact-finds are complete and when a customer's circumstances change. For example, if it's approaching the end of the tax year and a customer hasn't reached their tax-free savings allowance. An adviser can prompt them to sweep their spare cash into their savings account. The opportunities are endless and customisable based on how you want to serve your customers.
Partnership through the process
We will meet to understand your business and products/service you’re offering
We’ll provide a proposal with the precise use of the ingredients and nudges, ensuring it works within your existing business architecture.
We continue to support you through the implementation, optimising as we go.
Ready to see it for yourself?
Have a look at our documentation or send along to your tech team.
