MKTplace-data type: Income Verification

Prism

Written by Amy Sariego on 5 Oct, 2023. Posted in Partners. No Comments on Prism

Partners

Prism

Make Better Credit Decisions, Faster, Using Bank Transaction Data

Key Benefits

Better data analytics enables better credit decisions. Prism helps clients more accurately predict credit default risk so they can increase approvals, while reducing expected losses. Leverage customer-permissioned deposit account transaction data and Prism’s powerful analytics to improve underwriting, score more customers and minimize first-party fraud.
Spot risk, before it becomes a problem. Prism’s products help companies quickly detect—and proactively respond to—changes in a consumer’s income & spending that may be indicative of risk, and surface non-obvious financial obligations (like BNPL, payday & title loans) that could impact a consumer’s ability to repay.

Prism Helps Clients Quickly Make Better Credit Decisions

Prism Data provides essential infrastructure powering the next generation of credit risk. Prism’s market-leading suite of products –including its proprietary CashScores – use advanced open banking analytics to enable financial institutions, fintechs and other businesses to derive powerful and actionable insights from consumer-permissioned bank transaction data. Prism clients can use those insights to more precisely and accurately predict credit default risk, score missing- and thin-file customers, identify first-party fraud, and better manage and service existing portfolios.

For more info, visit www.prismdata.com.

About Prism

Services
- CashScore: Assess a consumer’s credit risk using real-time financial transaction history, as opposed to credit history. Predicts 90+ DPD in 12 MoB.
- CashScore for First-Party Fraud: Assess near-term, or early-life credit and fraud risk, including first payment default, “never pay,” and first-party fraud.
- Insights: A library of enriched attributes, built from categorized transaction data, that can be used in tandem with CashScore or as distinct attributes incorporated into underwriting models.
- Income: Analyzing banking transactions to identify gross and net pay, income stability, employment, and income sources.
Regions Supported
North America

Digital Matrix Systems (DMS)

Written by Amy Sariego on 12 May, 2023. Posted in Partners. No Comments on Digital Matrix Systems (DMS)

Partners

Digital Matrix Systems (DMS)

Improved Business Outcomes through Data Access and Analytics

Key Benefits

Centralized connectivity to credit bureaus and alternative data. Data Access Point® provides centralized access to data sources in a standardized and normalized format. Clients can easily add data sources as business needs evolve to support the entire customer life cycle.
DMS Summary Attributes® consolidate credit information for easier analysis. Over 2,600 tri-bureau attributes reduce redundant data while providing complete coverage of the consumer credit file. Increased predictive power is delivered through new analytic concepts that accommodate a broad range of scenarios to evaluate creditworthiness.

Leverage the Power of Data: Data Management and Analytics

Data drives your business. Leveraging the right data can improve efficiency, increase profitability, and enhance risk management. For over 40 years Digital Matrix Systems (DMS) has helped banks, credit unions, auto finance lenders, and insurance companies extract value from data so they can make the best-informed decisions for their business. We provide connectivity to the credit bureaus and alternative data providers. In addition, we help power the analytics and processes that you need for marketing, loan origination, collections, dispute resolution, fraud mitigation, risk management, and many other critical business activities.

Resources

About Digital Matrix Systems (DMS)

Data Access Point® provides centralized access to credit and alternative data sources
- Auto
- Credit
- Commercial
- Fraud/ID
- Geospatial/Location
- Property
Countries Supported
- United States
- Canada

Nova Credit

Written by Amy Sariego on 27 Jan, 2023. Posted in Partners. No Comments on Nova Credit

Partners

Nova Credit

Expand Your Credit-Eligible Universe

Key Benefits

Unlock new markets and optimize funnel conversion. Access trusted financial data to open new consumer segments, offer new products, and create loyal customers for life — all while maintaining your risk profile. Minimize your acquisition costs by optimizing your funnel conversion rate. Consumer-permissioned data gives you the confidence to approve more of the people that you’ve already attracted to your product offering.
Reduce portfolio risk and automate income verification. Respond to uncertain economic conditions and develop loss avoidance strategies by improving your risk assessment with up-to-date credit risk information. Automate your income verification processes with Cash Atlas™ and reduce time to fund. This solution helps increase applicant conversion rates, reduce manual intervention to review document uploads, and improve visibility into debt-to-income ratio and true income.

“We’re removing a barrier for millions of newcomers to the U.S. who arrive and instantly lose access to the credit history they built elsewhere.”
ATUL RANJAN, VICE PRESIDENT OF NEW ACCOUNT UNDERWRITING AT AMERICAN EXPRESS

Building a Fair and Inclusive Financial System for the World

Nova Credit is a consumer-permissioned credit bureau that helps businesses make more fair and informed decisions on millions of ‘thin file’, no credit history, or new-to-country applicants. The Credit Passport® unlocks cross-border credit bureau data to help businesses underwrite new-to-country newcomer populations. The Cash Atlas™ provides greater insight into the cash flows of any applicant, including verifying their income with greater precision than alternatives. Businesses use these products to approve more applicants without taking on more risk, and consumers are empowered to put their best foot forward in their applications.

Resources

About Nova Credit Services

About Nova Credit

Services
Credit Passport®: The only way to help approve qualified immigrants for mainstream credit. Credit Passport® gives businesses the ability to assess the creditworthiness of U.S. newcomers to issue financial products like credit cards, loans, phone plans, and more. Our solution provides access to international credit data that’s translated in real time to a standardized credit report.
Cash Atlas™: Improve credit risk assessment using bank transaction data. Cash Atlas™ helps businesses improve risk prediction for thick-file consumers and expand credit access to thin-file and no-file consumers. Leverage consumer-permissioned bank transaction data to layer affordability on top of existing underwriting models.
Regions Supported
Global

Basiq

Written by Amy Sariego on 26 Jan, 2023. Posted in Partners. No Comments on Basiq

Partners

Basiq

Unlock the Future of Open Finance

Key Benefits

Accelerate access to Open Banking. Basiq has been helping organizations access and use financial data since 2017. Basiq helps organizations determine a suitable CDR access model and provides a platform with all of the tools to consume Open Banking data in a CDR compliant way.
Data and payments in a single platform. Securely access powerful data insights and execute payments via a single platform. The addition of financial data to payments provides essential information about a consumer’s financial situation, opening doors to a whole new world of solutions to make finance easier.

“Open Banking helps us to harness an even better customer experience and great data insights for
smarter and more responsible lending. With scraping inconsistencies, our focus is on future proofing our business to ensure we can always service our customers in a reliable and secure way.”
BISHARA HATOUM, FOUNDER & CEO AT FUNDO

Basiq, the Leading Open Finance API Platform

At Basiq, our vision is Making Finance Easy. Finance is complex and it can be hard for consumers to make informed financial decisions. We see a world where consumers are empowered to make smarter financial decisions and to engage with their finances in new and unique ways.

Basiq enables this by providing an Open Finance API platform for businesses to build innovative financial solutions. Our partners include some of the fastest-growing fintechs and banks in the region. As the building blocks of financial services, the platform facilitates the relationship between fintechs and consumers by enabling access to consented financial data from 130+ financial institutions and executing payments.

Backed by Reinventure, NAB Ventures, Plaid, Touch Ventures, Salesforce Ventures, and Visa, over 200 fintechs rely on the Basiq platform to deliver solutions to market.

Resources

About Basiq

Services
Connect – Access account and transaction data in real-time
Enrich – Enhance transactions with merchant data
Affordability – Gain deep insight of your customer’s finances
Payments – Execute payments through the Basiq platform
CDR Open Banking – Acquire and use Open Banking data in a CDR compliant way
Countries Supported
Australia
New Zealand

Tartan

Written by Amy Sariego on 22 Dec, 2022. Posted in Partners. No Comments on Tartan

Partners

Tartan

Real-Time Income, Employment Verification of End Users

Key Benefits

Making Income and Employment Verification Seamless. Using income and employment data, lenders know more about their users and club with other data sources to develop a holistic credit profile. Get 60+ data points in a standardized format from the HRMS system.
Ten times reduction rate in end user journey TAT. Make use of multiple data points to pre-fill the end-user journey, which means less time spent by end users to input details without uploading numerous documents—leading to fewer user drop-offs and a seamless onboarding journey.

“Working with TartanHQ has helped us fetch and verify end users’ income and employment data in real time, making our underwriting model quicker and enabling better decisions.”
ASHWIN, PRODUCT LEAD, M2P

One-Click Access to Work Data From the Source-of-Truth

With Tartan’s payroll and workforce connectivity and digital identity APIs, we are making the process of employment and income verification seamless and credible using technology.

We enable businesses like digital banks, lenders, insurance, upskilling, tax platforms, and marketers to create and distribute products efficiently by partnering with HRMS, HRIS, work platforms, and payroll service providers.

We truly believe in financial inclusion for all and solve for multiple categories across salaried, freelance and gig workers. With the help our payroll APIs, our customers are able to target new segments, reach broader geographies and enter new markets.

About Tartan

Services
- Payroll pull
- Payslip OCR
- Work history verification
- Identity verification
- Utility verification
- Vehicle verification
- Financial Verification
Countries Supported
- India

Smile API

Written by Amy Sariego on 12 Dec, 2022. Posted in Partners. No Comments on Smile API

Partners

Smile API

One Trusted Source for Employment Data in Asia

Key Benefits

Access to Employment Data through one API. Smile API provides user-authorized access to recent, comprehensive, verified employment data that is accessible in real-time from employment documents, HR and payroll systems, gig economy platforms, and social security systems through a Singe API.
Make better credit decisions, increase conversion, reduce risk. Unlike traditional sources of credit data like credit scores, blacklists or submitted documents, we provide greater coverage, real-time access, and the most recent, comprehensive, identity and employment data that is available in the market today.

Smile Provides Employment Data Across Platforms and Employers, all Through a Single API

We are building infrastructure for alternative credit data by allowing borrowers to easily share their employment and income information to lenders. We aggregate and unlock previously siloed employment and income data coming from employment documents, HR and payroll systems, gig economy platforms, and government systems. Everything is done in real-time and with their consent.

Resources

About Smile API

Services
- Capture and verify a user’s identity including their name and contact information
- Capture and verify income and employment data in seconds. Retrieve them straight form the source, as well as receive other historical employment data included in their file.
- Get access to other alternative credit data points to better assess your user’s credit worthiness such as their gig transaction data, performance ratings, insurance contributions and outstanding liabilities.
- Automatically capture of data from scanned or photographed employment documents
Countries Supported
- Philippines
- Indonesia
- Singapore

Mastercard

Written by Amy Sariego on 9 Dec, 2022. Posted in Partners. No Comments on Mastercard

Partners

Mastercard

Smarter Data for Payments, Account Opening and Lending

Key Benefits

Better Data. Better Connections. Whether you’re seeking data from one of the largest financial institutions or the smallest credit union, Mastercard has you covered. Our connections cover 95% of all deposit accounts in the U.S.
Tomorrow’s Payments Begin with Mastercard Open Banking Data. We power apps and services with open banking data to underwrite and lend smarter, simplify and derisk payments, open and fund accounts and drive SME innovation. Scale quickly and create unique financial experiences with Mastercard.

“Mastercard’s open banking platform takes care of bank connections and allows us to focus on our mission of building the credit card of tomorrow.”
ALTERNATIVE CREDIT FINTECH

Trusted Data for Fintech Lending and Payments Innovation

Mastercard is a global technology company for lending, payments and account opening. We enhance access to capital by providing digital verification of income, assets and employment. Through our open banking platform, we drive an inclusive, digital economy that benefits everyone everywhere. We make transactions safe, simple, smart and accessible, reducing risk in payments through account owner verification, balance check and routing optimization. Mastercard’s consumer-permissioned data powers innovation with connections to the top FIs, wealth management, student loan and payroll providers. We partner with innovative financial institutions, lenders and fintech providers to give consumers and small businesses a leg up in a complicated financial world, helping to improve financial literacy, expand financial inclusion and ultimately lead to better financial outcomes.

Resources

About Mastercard

Services
Open Banking Data for Lending (card, mortgage, auto, personal, small business, tenant screening).
Open Banking Data for Payment Enablement (account verification, account-to-account payments, peer-to-peer payments, Buy Now, Pay Later).
Account Opening (account funding, identity, privacy).
Open Banking Data for Small Business (lending, payments and accounting/expense management).
Regions Supported
North America

Think360.ai

Written by Amy Sariego on 6 Dec, 2022. Posted in Partners. No Comments on Think360.ai

Partners

Think360.ai

Think360.ai – Accelerating Intelligent Transformation

Key Benefits

Algo360: Alternate Data and AI-Powered Credit Scores. Algo360 is India’s largest AI-driven alternate credit score solution that provides lenders with 1000+ alternate data points to gauge the creditworthiness of individuals. Algo360 enables financial institutions to extend credit offerings to the underserved population.
Kwik.ID: Digitally Onboard Your Customers, Kwikly. Kwik.ID is an AI-backed customer onboarding and video KYC solution. It provides secure, compliant, and customizable digital onboarding. Kwik.ID has onboarded over 300,000+ remote customers with an NPS of 95+.
AAmaze: Enabling the Account Aggregator Ecosystem. AAmaze is a TSP licensee enabling the AA ecosystem, with a bank statement analyzer and personal finance solution. AAmaze’s AI-powered platform deep-dives into the rich open data framework, to support cash flow-based lending, custom savings, and money management solutions for customers (even those with no prior credit history), including both MSMEs and individuals.

“Think360.ai has helped us unlock the power of alternate data and design a seamless customer journey. We’re able to underwrite a lot better now compared to using only traditional forms of data like bureau reports. As a result, we have been able to expand our customer base and lend to new to credit borrowers with confidence.”
ABHISHEK UPADHYAY, NAVI

Think360.ai – Full-Stack Data Science and AI Firm

Think360.ai is a full-stack data science and AI firm with market-leading products, solutions and advisory services, founded in 2014.

Their offerings include Algo360 (India’s largest alternate credit score), Kwik.ID (best-in-class video KYC and customer onboarding solution), FlowXpert (low-code partner management and API management solution), and a modular modern underwriting stack (with advanced AI/ML risk modeling, multi-data parser, credit policy design, Business Rule Management System, and Risk-based pricing solutions). Think360 has been a bootstrapped, profitable, and high CAGR organization since its inception, and has worked with industry giants like Bank of Baroda, Bajaj Finance, Aditya Birla Finance, IDFC First Bank, Navi Technologies, BharatPe, RBLamong others.

Think360 is on a mission to “Accelerate Intelligent Transformation” through “Ideas powered by data.”

Resources

About Think360.ai

Services
- Algo360
- Kwik.ID
- AAmaze
Countries Supported
- India

Powerlytics

Written by Amy Sariego on 22 Oct, 2022. Posted in Partners. No Comments on Powerlytics

Partners

Powerlytics

Zero-friction Income Solution Covering 100% of Households

Key Benefits

IRS based income verification, 100% confidence and coverage. Powerlytics True Income is a suite of Income Verification and Estimation solutions that covers all sources of income and is underpinned by the anonymized tax returns of 150M U.S. households and covering over 200M adults.
Zero-friction income solution streamlines loan decisioning. Based only on an individual’s ZIP+4 and covering 100% of U.S. households, Powerlytics True Income solutions can help streamline loan decisioning by providing highly accurate income estimates or scores against a loan applicant’s stated income.

Powerful Data, Smarter Decisions

Powerlytics delivers the most comprehensive, accurate and granular U.S. consumer and business financial data available, underpinned by tax returns. Lenders leverage the highly predictive data for improving marketing and risk outcomes and benefit from Powerlytics True Income, a suite of zero-friction Income Verification Confidence Scores and Estimation products that covers 100% of U.S. households. Based only on an individual’s ZIP+4, Powerlytics True Income solutions can help streamline loan origination decisioning and be used as a replacement for customer-stated income to expand proactive credit line increases. True Income is built by using anonymized tax filings. As a result, the OCC has reviewed the solution and allowed commercial usage for marketing, underwriting, and proactive credit line increases to allow lenders to get to yes without customer friction.

Resources

About Powerlytics

Services
- Powerlytics True Income Solutions
- Powerlytics Business Revenue Estimation
- Consumer Loan Default Models
- Business Loan Default Models
- Consumer Targeting Models
- Business Targeting Models
Countries Supported
United States

Flinks

Written by Amy Sariego on 22 Oct, 2022. Posted in Partners. No Comments on Flinks

Partners

Flinks

The Financial Data Layer of the Internet

Key Benefits

Streamline data collection with open banking. Let users connect their financial accounts, gain instant access to retail, business banking and investment data. Flinks possesses industry-leading coverage of financial institutions in the U.S. and Canada, from KYC to transactional data or assets.
Improve underwriting with model-ready insights. Choose from over 1,800 attributes that provide enriched data output via our library, offering your business tailored and ready-to-use data in the form of trends, ratios, and predictive insights.

“It’s all about understanding our customers – and Flinks provides the best insight into customer behavior that exists.”
TYLER THIELMANN, VP OF CONSUMER LENDING AT SPRING FINANCIAL

The Easiest Way to Leverage Financial Data

Flinks is the easiest and most efficient way to use financial data. Our open banking API and no-code platform let you connect accounts, enrich data, and utilize it to power your products. Trusted by millions of individuals accessing financial services at world-class companies and serving innovators in lending, fintech, digital banking, asset management and insurance, Flinks is quickly becoming a global leader in financial data connectivity and analytics.

Resources

About Flinks

Services
Connectivity: Industry-leading open banking API for reliable financial data connectivity – over 11.000 bank connections, with incomparable reliability across retail and investment banking.
Enrich: No matter where you get your financial data, Flinks Enrichment is the smart analytics layer on top of your raw financial data that does the heavy lifting for you. Over 2000 attributes helping making your model stronger, more accurate.
Countries Supported
- Canada
- United States

MKTplace-data type: Income Verification

Prism

Make Better Credit Decisions, Faster, Using Bank Transaction Data

Key Benefits

Prism Helps Clients Quickly Make Better Credit Decisions

About Prism

Services

Regions Supported

Digital Matrix Systems (DMS)

Improved Business Outcomes through Data Access and Analytics

Key Benefits

Leverage the Power of Data: Data Management and Analytics

Resources

About Digital Matrix Systems (DMS)

Data Access Point® provides centralized access to credit and alternative data sources

Countries Supported

Nova Credit

Expand Your Credit-Eligible Universe

Key Benefits

Building a Fair and Inclusive Financial System for the World

Resources

About Nova Credit

Services

Regions Supported

Basiq

Unlock the Future of Open Finance

Key Benefits

Basiq, the Leading Open Finance API Platform

Resources

About Basiq

Services

Countries Supported

Tartan

Real-Time Income, Employment Verification of End Users

Key Benefits

One-Click Access to Work Data From the Source-of-Truth

About Tartan

Services

Countries Supported

Smile API

One Trusted Source for Employment Data in Asia

Key Benefits

Smile Provides Employment Data Across Platforms and Employers, all Through a Single API

Resources

About Smile API

Services

Countries Supported

Mastercard

Smarter Data for Payments, Account Opening and Lending

Key Benefits

Trusted Data for Fintech Lending and Payments Innovation

Resources

About Mastercard

Services

Regions Supported

Think360.ai

Think360.ai – Accelerating Intelligent Transformation

Key Benefits

Think360.ai – Full-Stack Data Science and AI Firm

Resources

About Think360.ai

Services

Countries Supported

Powerlytics

Zero-friction Income Solution Covering 100% of Households

Key Benefits

Powerful Data, Smarter Decisions

Resources

About Powerlytics

Services

Countries Supported

Flinks

The Financial Data Layer of the Internet

Key Benefits

The Easiest Way to Leverage Financial Data

Resources

About Flinks

Services

Countries Supported