Affordability

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.

Advanced credit & risk insights

Affordability

Assess how much your customer can afford to repay. Use enriched data to identify income, and fixed vs flexibile spend.

Affordability

Assess how much your customer can afford to repay. Use enriched data to identify income, and fixed vs flexibile spend.

Income verification

Verify your customer's income across all income streams, whether it's salaried wages, freelance earnings or benefits.

Categorisation & classification

Cut through the noise of a bank statement and understand how and where your customers spend their money.

Emerging financial distress

Identify emerging financial distress to enable early intervention before your customer defaults.

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.

Connect

A guided user-interface to capture consent, verify and connect to bank accounts, and share transaction data.

Data APIs

The pipelines for transferring and accessing normalised bank data, from your customer's bank account into any platform.

Dashboard

An accurate, real-time view of your customer's financial data, enriched with intelligent credit & risk insights.

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