The API assists lenders in extracting valuable information from the borrower's data, enhancing decision-making as a result. The loan applicant's assets and transactions can be verified in real time, with his/her consent for extracting the data directly from the bank account. After a series of quick evaluations, the API instantly determines if the minimum set of qualification requirements is met, or if there are any "red flags" present. The Financial Health Check API provides lenders with insightful financial behavior profiles of their potential clients, enabling businesses to analyze each prospect's financial situation in great detail.
- Instant income detection
- Credit funds usage observation
- Instant verification of loan applicant’s bank data
- Financial behavior scoring based on real-time data