Now, during COVID, more than ever, people pay differently. Alternatives to traditional credit bureau scores are essential to the underwriting process.
Bank data is more reactive to sudden economic changes, more demonstrative of real affordability, more revealing of individuals income and spending as a whole, more inclusive of profitable thin-file consumers, and more predictive of future payment behavior. Expertly-designed custom or generic modelling allows for automated and real-time decisioning to yield superior results.
Non-Credentialed bank data is sometimes also referred to as bank verification, non-consented, or non-permissioned data. Non-Credentialed data can be easier to integrate and implement through an API-only connection or as part of a full end-user widget experience.
Credentialed data is also known as Bank Login, or bank connection and requires a front-end widget to facilitate the log-in process. RIBBIT offers both solutions in a full comprehensive end-to-end user experience through our widget from person through payment, or piece by piece as modular support to your existing waterfall and underwriting plan.
RIBBIT provides predictive analytics with non-credentialed and credentialed bank intelligence to improve loan and payment performance, surpassing traditional credit solutions no matter how your customers choose to engage.
RIBBIT uses AI and adaptive learning to predict future bank behavior based on dependable and verified data through complete and modular solutions delivered through a single API connection. See our impressive suite of solutions for merchants, lenders, LTOs, financial institutions and fintechs online at RIBBIT.ai.
BankVERIFY+ │ BankLOGIN+ │ ACHProcessing │ BankINSIGHTS
RIBBIT is for merchants, lead purchasers, lead generators, recurring payments, subscription services, large financial institutions, small banks, rewards programs, loyalty cards, online stores, lease-to-own sellers, risk managers, lendtechs, fintechs, health care providers, insurtech, business lenders, sub-prime lenders, verification and validation servicers, regulatory bodies, credit bureaus, fraud prevention, and economic and financial studies.
The word remote is such a lonely word, bringing up images of an isolated cabin in the woods, hungry wolves prowling about, and potentially a shortage of food and supplies. Today’s remote office/branch office (ROBO) is often the polar opposite of the Hansel and Gretel version. ROBO is usually set up in the employee’s house often located in a separate town, state, or country from the company’s main office.
Never be afraid to fail. Failure is only a stepping stone to improvement ~ Tony Jaa
I remember my young daughter’s disheartening basketball coach yelling at the team “don’t shoot the ball unless you are going to make it.” Naturally, the team was afraid to shoot the ball so they never scored enough points to win. An enlightened coach would have said “shoot the ball until you make it.” Giving the girls permission to miss the basket without fear of blame would have released their potential. This same philosophy in the workplace is liberating: push yourself, learn from mistakes, and use your knowledge to improve. Slam dunk!
It’s great to be great, but it’s greater to be human ~ Will Rogers
One of my father and husband’s favorite TV characters was Andy Rooney, who appeared at the end of every 60 Minutes episode with a short critique on the condition of the world. Andy was the dessert at the end of the informative and serious news program, culminating with a rise of his bushy eyebrows, a twinkle in his eyes, and his witty, often acerbic insights about the way things were. And was often said, he could say so much with just a few words.