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Decision Dashboard.

Our insights. Your decisions. Discover the easiest way to make credit decisions and more.

Dashboard.

Discover the easiest way to onboard your customers, access bank data and make easy credit decisions.

We do the leg work, so you can focus on the decision.

With DirectID you can request and view consumer Open Banking Data AND have all of the initial analysis done. We tackle analysing income and spend, categorising cash-flow habits, detecting gambling or loan stacking and present it to you to make a decision with.

Reduce operational costs

Streamline manual underwriting processes with DirectID’s Decision Dashboard, reducing analyst time spent per application.

 

Increase operational efficiency

Increase time to approval and total applications processed by removing the need to request and manually review paper based bank statements.

Reduce application fraud

Reduce fraudulent applications made by accessing bank data directly from accounts and reviewing up to 12 months of transaction history.

Cover compliance needs

Get tools that support Open Banking and help you meet responsible lending requirements by offsetting risk such as compliance, fraud and regulation.

Speed up exceptions process

DirectID supports larger companies who use instant decisioning by removing the need for paper based bank statements in the exceptions process.

Access rich data insights

Directly access rich transactional data to address income verification, affordability, credit risk. DirectID also offers automated analysis of transaction categories and classes to enrich data further.

Financial Assessment & Onboarding Solution

Offset credit risk such as compliance, fraud and regulation, whilst increasing your customer conversion rates. DirectID allows you to directly assess a customers’ banking data to verify affordability and create friction-free user experiences.

Applications become quick and easy for your customers.

A quick and easy online user journey allows customers to consent to you viewing their bank data through a direct, read only, connection. With everything needed for their application being handled online, dropout rates reduce and your quicker application times will increase your chances of retention.

Time delays of paper work are gone, and fraud risks reduced.

With out the customer needing to provide physical documents, the time between an application beginning and a decision being made is reduced exponentially. And because the information is returned through a direct connection to an online bank account it reduces the risk of fraud.

Operational efficiency is increased.

Through automating or streamlining your manual underwriting processes with DirectID Digital Bank Statements, businesses like yours can stand to increase operational efficiency by around 60% and reduce approval time from weeks or days – to just hours.

Compliance checks occur direct from the bank.

We’ve got you covered with comprehensive compliance and verification checks. DirectID supports a full online AML compliance and KYC verification process, removing the need for physical document notarisation and enabling the sale of high value products and services without any offline steps.

Complete implementation only takes a few days.

We understand business doesn’t stop for new systems to be implemented, and that businesses need to see ROI from a new service as soon as possible. That’s why we provide a range of solutions than can start working for you within 3 days of signing up with DirectID.

Technical capacity is no longer a barrier.

Whether you are a small or large business, finding technical capability or team capacity can be hard. With DirectID, that isn’t an issue. We provide a zero-integration Hosted page, a web and app friendly Plug & Play Widget, or a Front-End API to build into your existing services.

 

Take credit risk & affordability decisions from weeks to hours.

Exceptions processes without DirectID.

Manual processes without DirectID.

Decision processes with DirectID.

Reduce your risk. Improve your efficiency.

DirectID open banking platform screen shot on Mac Pro laptopThe days of relying on aged credit data, self-asserted income or paper copies of bank statements are over. DirectID real-time financial data and insights, such as Verified Income, supplements the credit bureau report to enable faster and smarter credit risk underwriting for lenders.

We support a full online AML compliance and KYC verification process so you can:

  • Grow your customer base profitably
  • Meet responsible lending requirements
  • Reduce loss rates and conduct sound risk mitigation
  • Reduce fraud and misrepresentation

 

DirectID open banking platform screen shot on Mac Pro laptopThe FCA has changed the way credit firms assess credit worthiness to ensure affordability is considered along side credit risk. Implementing open banking services into your business can help you stay ahead of the regulations and provide sustainable solutions to your customers.

Our tools support instant decision making and can help improve manual underwriting processes so you can:

  • Grow your customer base sustainably
  • Understand customers beyond immediate credit risk
  • Work to create better customer solutions

 

DirectID open banking platform screen shot on Mac Pro laptopOur tools help you reduce the need for manual income verification and its related delays in the customer journey. And because our real-time financial data and analytics service provides the most reliable information, direct from the customer’s online bank account, it can help your collections team get an instant view of income & expenditure  to optimise repayment plans when necessary.

  • Instant proof of income and expenditure for affordability assessments
  • Enhanced customer experience
  • Make faster collections by identifying multiple payment windows

 

DirectID open banking platform screen shot on Mac Pro laptopBy automating or streamlining manual underwriting processes with DirectID Digital Bank Statements businesses stand to increase operational efficiency by around 60% and reduce approval time from weeks or days to just hours.

  • Remove offline processes for consumers
  • Boost data analysis efficiency
  • Streamline manual underwriting processes
  • Speed up decision times
  • See ongoing bank data to view a consumer’s financial state in real-time.

 

How the DirectID Platform works.

1) Applicant gives their consent via widget

The applicant gives consent by accepting the terms through the consent stage of the DirectID bank widget. This is then stored for the business through DirectID’s consent service.

2) Applicant shares their bank data via widget

The applicant shares their bank data through the DirectID bank widget by: selecting their bank provider; logging into their bank; and then authorising their bank to share their data.

2) Applicant shares their bank data via widget

The applicant shares their bank data through the DirectID bank widget by: selecting their bank provider; and providing authorisation to their bank data.

3) Business receives bank data through dashboard

The bank data is passed through our categorisation and classification service into a database. The Decision Dashboard pulls from this database, allowing businesses to access the bank data.

3) Business receives bank data through dashboard

The DirectID Dashboard pulls from this read-only data from the bank, allowing businesses to access and review the consumers bank data.

4) Business assesses the applicant

The business can then utilise the bank data and apply their own decisioning models to assess the applicant such as KYC/AML, Income Verification and Affordability.

5) Business makes a decision

Based on the assessment, the business can then accept or reject the applicant. The business can then notify the applicant on the outcome.

Get everything you need to transform your assessments and customer onboarding.

Access bank data in 32 countries, from over 5,500 banks, so you can serve customers both locally and across the world.

All-in-One Assessment & Decision tool.

DirectID Digital Statements

Statements that mirror the same transactions covered in a traditional bank statement.

 

Transaction Details

Up to 12 months of account transactions available.

 

Categories & Classifications

Automated transaction analysis both on what customers spend and how they spend it.

 

Bank Account Details

Customer Account Number; Sort Code; and Account Currency details.

 

Recurring Incomes

Top 3 recurring income items per month over the period with transaction description.

Recurring Expenses

Top 3 recurring expense items per month over the period with transaction description.

Filterable Data

Adjust time periods, sources and categorisations of all views.

 

Income and Balances

Total income alongside Current and Available Balance.

 

Credit and Debit Details

Total value of credits and debits for the period.

 

End of Day Balances

End of Day Balance for each day within the period.

 

Standing Orders and Direct Debits

All current Standing Orders and Direct Debits committed to.

 

Gambling Insights

Total value, frequency and percentage of expenses on gambling.

 

Data Explorer and Downloads

Offers a data explorer for detailed investigation and supporting full CSV downloads.

Want more information on the DirectID Decision Dashboard?

Take advantage of the Decision Dashboard today.

Our plans are designed to flex with your business needs. To get a quote for your unique business requirements get in touch or Book a Demo today.

 

 

Take advantage of the DirectID Dashboard today.

Our plans are designed to flex with your business needs. To get a quote for your unique business requirements get in touch or Book a Demo today.

DirectID platform on mobile device and desktop

“Bank statements don’t lie. With DirectID, the credit decision and ID is immediate and obvious.”

Lee Birkett

CEO, JustUs

“The DirectID widget is awesome, very user friendly and easy to implement as well! A basic setup can easily be done in under a day.” Yannick Donkers

Head of Development, xpenditure

“DirectID gives us data in a format that allows us to close loans in as little as 48 hours so we can spend more time on the personal relationship side with clients.” Faisel Rahmen

CEO, Fair Finance

Sign up today and you could be up-and-running in 3 days!*

Talk to us today about using DirectID and you could be increasing conversions, reducing customer frustration, and mitigating risk in less than a week.

*When using Plug & Play Widget or Hosted Page solutions.