Build a strategic advantage with alternative data insights
Challenge
Lenders often rely on traditional credit scores, which can exclude individuals with thin credit files or variable income streams.
This limitation restricts their ability to assess potential borrowers' creditworthiness, leading to a low acceptance rate for the growing diverse workforce.
Moreover, the lack of detailed and real-time data can result in slower approval processes, where consumers must undergo a heavy application process.
Solution
Incorporating alternative data beyond open banking significantly improves the creditworthiness of nontraditional profiles.
Risk managers can build custom selection rules for each user’s work status and not miss any more great borrowers in their funnel.
Our connect link can be embedded easily into lenders’ onboarding journey, making the users’ data collection frictionless.
Underwrite a diverse workforce
Grow your business by successfully underwriting workers from different backgrounds. Build better financial products with verified income data directly from the source.
