Overview
Open Banking gives applicants the ability to connect their bank accounts to complete income and expenditure, speeding this process up massively and negating the need to upload bank statements.
It also provides you with a clear overview of incomings and outgoings, categorising them by expenditure type and displaying daily, weekly, and monthly averages to give you a comprehensive financial report.
Reduces review time
by 80%
Halves application
time
Transaction level
data
365 days of
transactions
Transaction
categorisation
The dashboard
Open Banking provides you with a dashboard for each applicant that chose to use it, giving you a clear, concise picture of their financial tendencies/status.
Spending habits
With access to average spending habits, you can begin to build a more accurate depiction of the applicant, making for a more informed decision process.