Enhancing the debt recovery process through combining rich transactional data with the widely recognised SFS categories.
As with our DirectID Insights product, the user selects the relevant customer details when the end user has connected their bank account via our widget. The customer can be found by searching for their User ID, Customer Reference or Account Number.
The Standard Financial Statement (SFS) is a landmark development for debt advice in the UK which delivers, for the first time, a universal income and expenditure statement, together with a single set of spending guidelines. We categorise our data alongside the categories featured in the SFS.
The Data Explorer allows the user to break down the bank transactions available for the selected account, filtered by:
SFS General, SFS Specific, Transaction Type and Description
Get all of the technical details and commercial applications of DirectID Collections & Recoveries in our detailed 8 page document, ready to print or share with your team.
Collections & Recoveries is based around one key calculation – a Monthly Affordability figure. To work this out, we first need to understand how much income a customer receives. By incorporating our Income Verification tool, we have our base value to work with.
Speak to a dedicated expert to learn more about our products.
We are a super-aggregator of bank data connections, from direct connections to global data networks, providing our customers with an ever expanding bank network.
Learn more about our Bank Connections
With direct connections to bank accounts across the globe, our products provide incredibly quick data retrieval giving you actionable data in seconds.
Learn more about our Data API
Our automated categorisation gives you insights into bank transactions seconds, so you can focus on using the data to make decisions, not a big IT project.
Learn more about our Categorisation Engine
Products
Connect
Data API
Insights
Income Verification
Bank Account Verification
Categorisation Engine
Solutions
Affordability
Identity
Onboarding
Collections
Credit Risk
Operational Efficiency
Resources
Bank Data Coverage
Knowledge Base
Frequently Asked Questions
Brand Guidelines
Webinars
Blogs
Company
About
Our Team
Careers
Latest News
Contact
Company registered in Scotland SC400459 • DirectID is brought to you by The ID Co., a registered and authorised Account Information Service Provider by the FCA • AISP registration number 798579 • We're commited to protecting your data, our ICO number is ZA384596
