Income Verification

FCA Authorised, ICO Registered

Verify bank account details on record match those held by the bank.

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.

How it Works

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.

Key Benefits & Features

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.

Be Confident in your results.

Our Income Verification insights provides you with a Calculated Income and Confidence Score between 1 and 10. Our 6 algorithms work in the background to aggregate your applicant's data and determine how confident we are on an applicant's income.

Verify anyone within Seconds.

Using Bank Data, our Income Verification Engine can calculate the income of anyone in seconds, saving you valuable time and resource that can be reallocated elsewhere within your business.

Seamless Onboarding.

It is imperative that we are all as confident in our decision making as we can be. Our Income Verification Engine provides you with insights allowing you to rest easy in the knowledge that an applicant's income is as stated.

"The Benefits of DirectID Connect The Benefits of DirectID Connect The Benefits of DirectID Connect The Benefits of DirectID Connect The Benefits of DirectID Connect The Benefits of DirectID Connect The Benefits of DirectID Connect "

James Varga, CEO, DirectID

Powerful Use Cases

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.

Explore our Use Cases

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