BankVERIFY+
Predictive Analytics on 99% of Bank Accounts
NON-CREDENTIALED | Enrollments. Acquisition. Underwriting.
BankVERIFY+
Predictive Analytics on 99% of Bank Accounts
NON-CREDENTIALED | Enrollments. Acquisition. Underwriting.
Recommended
Action Codes
BankVERIFY+ returns codes that recommend a course of action to minimize repayment risk
Strong Positive Payment History
Stable with Good History
Limited Payment History
Suspect / Recent Negative History
High Ratio of Neg Payments
Differentiation | Actionable Intelligence
Analyzing payment behavior uniquely to better predict financial outcomes
Identifying Multiple Bank Accounts
Connects related financial relationships to evaluate a user’s full financial welfare
Trended ACH History
Understands how a customer’s finances have changed over time
Affordability Analysis
Evaluates the success of similar transactions (e.g., amount, timing, frequency)
BankVERIFY+ identifies fraud and payment affordability risk based on an applicant’s bank account history.
Trended attributes provide a complete view of financial wellness
Recommended Action Codes rank order bank account behavior and risk
%
Bank account coverage to decision on all accounts instantly
Use Cases
More than just a data provider – a real-time decisioning tool
Prime Consumer Finance
Identified $3.1M per month
in 3rd party bank fraud
Lease to Purchase
Identified 40% of late payers
in one bucket
Mobile Wallet
Prevented 28% of
high-risk returned payments
Public Consumer Finance
Reduce $2.7M in losses with application screening
Data Study
We let the data do the talking. See it for yourself!
Solutions
AIR | Affordability Index by RIBBIT