Emerging financial distress
Emerging financial distress engine
Credit & risk insight
Quickly identify your most at risk customers
Increased regulation from the Financial Conduct Authority requires banks to be more focused on affordability, to ensure that customers do not become financially distressed.
With the emerging financial distress engine you can identify customers that are showing signs of becoming vulnerable and put measures in place to support them whilst ensuring a healthy portfolio.
Identify vulnerability
Identifying vulnerable consumers is a regulated practice and has historically proven difficult due to lack of appropriate data.
Portfolio management
Preventing financial distress helps manage your portfolio and control risk of losses whilst protecting your customer.
Reduce risk
As the cost of living continues to increase the risk of default across portfolios is at an all-time high.
Lower operational costs
Optimise operational efficiencies by maintaining a healthy portfolio and reducing collections costs.
Identify vulnerability
Identifying vulnerable consumers is a regulated practice and has historically proven difficult due to lack of appropriate data.
Portfolio management
Preventing financial distress helps manage your portfolio and control risk of losses whilst protecting your customer.
Reduce risk
As the cost of living continues to increase the risk of default across portfolios is at an all-time high.
Lower operational costs
Optimise operational efficiencies by maintaining a healthy portfolio and reducing collections costs.
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
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