The Solution

The solution to understanding an applicant or customers income with conviction is to use bank data.

Using bank data to provide a person’s income means that it cannot be altered or doctored to a number that places the applicant in a better light.

Using bank data also means that it is possible to understand the granularity that can be contained within some bank statements. With individuals receiving income from a diverse range of sources, including salary, income from part-time or gig economy work, pension or benefits, some individuals can receive money from more than one source on a monthly basis, and it can vary from month to month.

Using our unique service, backed by six proprietary algorithms, we can calculate an individual’s income, its source, and allocate it a confidence score, to give you the confidence that you need to make credit decision backed by data.