Download our presentation (PDF)
Our widget provides responsible consent management, seamless customer onboarding, and delivers on data security. Get all of the technical details and commercial insights of DirectID Connect in our detailed 6 page document, ready to print or share with your team.
A top 5 lender in online lending services uses Open Banking data to provide a frictionless application and fast funding process. During the application phase, applicants are prompted to securely share their transaction data through the DirectID consent widget. A detailed view of the individual’s financial profile is then visible to underwriters in as little as 30 seconds, providing verification of account ownership, income and expenditure, and a magnitude of other affordability indicators.
Using Open Banking data to gather this information eliminated fraudulent applications, removed the guesswork associated with manual underwriting, and reduced the application to acceptance turnaround time, all without impacting the individuals credit score.
- DirectID Connect
- DirectID Data API
- DirectID Insights
A consumer lending disrupter were seeking a solution to one of their upmost pain points: the requirement for customers to send in paper statements before they can commence the underwriting process.
With DirectID, they can now connect to an applicant’s bank account to verify identity and review live bank statement transactions in just a few seconds. Real-time, certified bank statements, coupled with bank-verified identities, gives the underwriters better insight into which applicants are creditworthy in a fraction of the time.
- DirectID Connect
Our hosted Connect web-pages allow you to get started without an internal IT project, and with a branded domain and page design your customers still get the best experience.
Speak to a dedicated expert.