DirectID’s Categorisation Engine helps you understand how your customers use their money. We use machine learning and big data to classify and categorise all transactions to give you a rich and comprehensive understanding of your customer’s financial habits.
1. An applicant goes through the consent process, agreeing to the terms.
2. The applicant selects their bank and then logs into their internet banking, authorising their bank to share their data.
3. The applicant’s data is passed through our Classification & Categorisation engine, to give immediate insights.
4. Our report can be accessed via a visual report or widget, and with a Calculated Income and Confidence Score, the income of an applicant can be viewed.
5. A decision on the applicant can be made with the income assessment completed.
Our Income Verification Engine's next generation model goes beyond models of the past, using real-time bank data and six unique algorithms to truly understand an individual’s income.
Verify your applicant's income with real-time visibility.
View up to 12 months of data, available in your dashboard.
We spot trends in your applicant's spending and alert you.
James Varga, CEO, DirectID
Explore our Powerful Use Cases. We provide easy zero-integration solutions with direct access to your customers bank data and instant financial insights into your customers.
We give lenders the power to redefine their Credit Risk Management at every stage of the Credit Risk Lifecycle.
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Our financial insights solutions give you everything you need to make an Accurate Affordability Decision.
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Bank Data supplied through Open Banking is secure and incontrovertible. Have faith in your process.
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Gain Insights like never before, a complete factual overview of your customers bank data.
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Bank Account Verification is an important part of the ID process and AML / KYC checks.
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Use Income to assess Credit Risk and complete affordability assessments, aiding you in your decision process.
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Let our specialist team demonstrate the DirectID platform. We'll cover everything from Compliance and Insights to Solutions & Use Cases.