Affordability
Affordability Engine
Credit & risk insight
Understand how much your customers can repay
Understanding a customer's real-time disposable income is the centre of interest for credit & risk decision makers.
Our affordability engine uses income verification and categorisation to quickly identify a customer's income, spend and non-discretionary spend.
Real-time
View affordability in real-time with the ability to refresh, giving you the most up-to-date view.
Reduce risk
Understand the repayment potential for each of your customers and reduce the risk of default.
Reduce costs
Reduce the costs associated with gathering, analysing and storing paper-based data.
Faster processing
Understand your customers affordability by using one clear report for efficient decisions.
Real-time
View affordability in real-time with the ability to refresh, giving you the most up-to-date view.
Reduce risk
Understand the repayment potential for each of your customers and reduce the risk of default.
Reduce costs
Reduce the costs associated with gathering, analysing and storing paper-based data.
Faster processing
Understand your customers affordability by using one clear report for efficient decisions.
Income verification
We uses our proven income verification tool to present an individual's income, reporting on confidence, reliability and the income streams.
Affordability figure
For every customer we provide an affordability figure, helps you assess how much a customer can afford to repay every month based on their income and expenses.
Fixed vs flexible spend
Fixed costs, such as rent and credit card repayments, and flexible costs, such as retail and holidays, can be aligned to your risk appetite.
Accurate data
Open banking data comes directly from banks and financial institutions. The data is real-time, accurate, and impactful when making credit & risk decisions.
SFS categorisation
We use the categories from the Standard Financial Statement to help you understand affordability while remaining compliant with the FCA standards.
Credit commitments
Identify your customer's total credit commitments using the affordability report to help identify potential over indebtedness.
Use transaction data from any source
Use our engine on your own data
Input transaction data from any source. If you already have a data set, or currently access open banking data, plug in to our income verification engine and we'll return the income data you need to make confident decisions.
We can categorise and classify transaction data from any source. If you already have a data set, or currently access open banking data, plug in you data to our engines and we'll return the categorised transactions.
Browse our platform
Our platform
The DirectID platform gives you all the tools you need to capture consent, access transaction data and view detailed insights on your customer's financial behaviours.
Get started using open banking data
Talk with one of our specialists to find out more about using open banking data.
Demo of the guided customer consent journey
Walk through of our real-time data & insights
Coverage check in your markets