Financial Data & Insights
Know your customer with better data
Turn your raw data into actionable insights. Gather valuable analytics on financial performance, income statements, cash flow statements, and financial activities that can be utilized to evaluate and support the underwriting process.
Insights overview
Use our multi-purpose financial insights and reporting for various use cases in banking, lending, personal finance and more, including:
- Quickly glance at clients' income vs. expenses, as well as their debt ratio
- Risk analysis, average monthly spend, average monthly balance, number of monthly NSFs, mortgage renewal date & many more
- High labeling accuracy for attributes and zero mis-categorizations
- Easy integration that’s compatible with all major financial institutions
- Ready-to-use data in the form of trends and financial data
- Data points to identify high-risk behavior and assess credit risk, ensuring that businesses are aware of active liabilities and recent loan payments
Incorporating financial insights and KYC data into your payment processing system not only enhances security and compliance, but also improves customer experience, operational efficiency, and business growth. This strategic approach ensures a robust, secure, and customer-centric payment ecosystem.
Key Benefits of Adding Insights & KYC to your Workflows:
- Fraud Prevention: Using KYC data helps verify the identity of customers, reducing the risk of fraudulent transactions.
- Compliance: Ensures adherence to regulatory requirements, avoiding penalties and legal issues.
- Personalization: Financial insights allow businesses to tailor services and offers based on customer behavior and preferences.
- Seamless Transactions: Verified KYC data speeds up the payment process, reducing friction and enhancing user satisfaction.
- Streamlined Processes: Automating KYC checks and utilizing financial data can reduce manual workload and errors.
- Faster Approvals: Accelerated verification processes enable quicker transaction approvals, benefiting both customers and businesses.
- Credit Assessment: Financial insights provide a clearer picture of a customer’s creditworthiness, helping in making informed lending decisions.
- Transaction Monitoring: Continuous monitoring of transactions using financial data can detect suspicious activities early.
- Targeted Marketing: Insights into customer spending patterns enable more effective marketing strategies and product offerings.
- Customer Retention: Understanding customer needs and behavior through data helps in building stronger relationships and loyalty programs.
- Reduced Fraud Losses: Preventing fraudulent transactions saves money and resources.
- Efficient Resource Allocation: Optimizing payment processes and reducing manual interventions can lead to significant cost savings.
Income analysis
Verify sources of income, regularity, stability and amount.
- Employment information & income
- Non-employment information & income
- Income breakdown & financial insights
- Understand your users' sources of income and financial status
- Get an idea of the income trend based on financial history
- Perform affordability checks on the user
Expenses analysis
Analyze users’ spending habits, liabilities and loan repayments, based on financial activity.
- Get an idea of the expense trend based on the expense history
- Conduct mortgage, line of credit and other loan analyses using intuitive graphs and data points
- Identify NSFs to make better lending decisions and reduce credit risk
CONTACT US
Have questions?
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