Emerging financial distress

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.

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