Open Banking Powered Affordability & Suitability Checking
The faster, fairer & more accurate alternative to credit scoring.
The faster, fairer & more accurate alternative to credit scoring.
Access applicant’s real time financial data and behaviour and use these insights to safely assess credit worthiness and lend more, to more people. Tackle delinquency, save time, reduce overheads and turn ‘no’ into ‘not yet’.
Traditional approaches to credit scoring and affordability checking are broken. And, potentially harmful to both borrowers and lenders. Credit reports are outdated, inaccurate and use a system that can easily be ‘gamed’ if you know how.
With your applicants explicit permission, gain access to a more detailed, holistic view of their financial wellbeing and their capacity to afford a mortgage, loan or other credit agreements. You can see changes in income, savings, pensions, investments, debts & more.
Build resilient loan portfolios through ongoing monitoring to see the impact of macro-level events on your customers finances, in real time.
Powered by our catergorisation engine, make more informed decisions leading to more transparency for you and your customers.
Embed decisioning into your onboarding journey to strengthen your customer relationships and reduce costs.
Our Open Finance Affordability Dashboard helps you to significantly reduce the cost, resources, and complexity required to comply with the FCA’s new Consumer Duty regulations. Making life easier for you, and better for your customers.
Convert more customers, more quickly by automating decision making using data already held about them.
Make lending decisions based on lifelong affordability, not limited credit data that lacks context.
Assess borrowing affordability, offer eligibility, suitability for ANY regular financial commitment like rent, identify a source of funds or validate an applicant’s bank account.
Approve those who qualify, identify who needs to be triaged. Provide individualised guidance and advice to those who don’t qualify yet and help improve their future outcome.
Support your customers and prospects at every stage of the journey with individualised guidance based on their own data.
Build a complete picture of your customers’ financial situation, from pensions and investments to spending and outgoings.
We don’t ask for data for data’s sake only what is required to make an informed decision.
All of our technology is completely consent-driven, giving your customers the peace of mind of knowing they are in control of what they share, with whom, and why.
Whether you want to create your own solution, or you want us to do it for you—we have the technology for it. Our experienced team is here to support you now and in the future.