September 3rd, 2018
Risk Management Software – DirectID User Case
Smarter, Faster Credit Decisions With Real-Time Bank Data Harnessed Within An Intuitive Risk Management Software Package
The 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. Applicants share their bank transaction data with you, direct from their account, through a simple online process that takes just 25 seconds. Up to 365 days of transaction history is provided through an API or reporting dashboard to support instant decisions or speed manual underwriting processes. DirectID brings Risk Management Software into the 21st century.
- Grow your customer base profitably
- Increase operational efficiency
- Meet responsible lending requirements
- Reduce loss rates and conduct sound risk mitigation
- Reduce fraud and misrepresentation
Learn how: Book a DirectID demo today.
Real time bank statement data, direct from the bank.
Connect to current/ checking, credit, savings, mortgage accounts.
Access 90 to 365 days of bank transactions.
Insights & Analytics
Insights and intelligence to help with decisons – Verified Income, Repayment Certainty, Best Time to Collect.
Information on non-reported items like sub-prime loans and non-sufficient or late fee charges.
Ongoing access or monthly refreshes to detect changes to a customer’s fin
Sample DirectID Reports
Fair Finance – DirectID Case Study
See how Fair Finance reduced manual bank statement analysis, allowing them to spend more time with clients and expanded beyond the local branch thanks to DirectID.
The New 5 Cs Of Credit
Deloitte and DirectID join up to explore how the combined influence of the credit report with live financial data insights provides more comprehensive lending decisions.
Other user cases.
Increase Collection Rates And Efficiency Gaining accurate and up-to-date insight into your customers' financial position can be a challenge if you rely on self-asserted affordability or paper bank statements in telephone interview assessments. Our real-time financial...
Increase Operational Efficiency By 60% With Instant Access To Digital Bank Statements The need and the delay in obtaining paper based bank statements or pay slips from clients in a manual underwriting process can lead to application drop out. By automating or...
Comprehensive Checks, Direct From The Bank 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. Standard...