Credit Risk Management Using Bank Data

Make more informed lending decisions with real-time data and instant insights.

Problems & Challenges Currently Faced With Credit Risk Management


Fraud is a continued problem in credit risk, particularly third-party fraud.

Loan Stacking

High-risk customers who have taken out significant volume of short-term loans are not always recognised.

Missed Payments History

Customers with a history of missed payments, beyond a generic credit score, are not truly understood.

Retrospective Credit Scores

Credit scores are retrospective and do not give the full picture of an applicant.

Extensive Due-Diligence Processess

Calculating credit risk with combined affordability assessment requires extensive amounts of due diligence to ensure an applicant can afford repayments.

Paper-Based Statements

Customers are frequently requested to supply paper-based statements, offering a poor customer service.

Solutions Using Bank Data & Expected Results For Credit Risk Management

Reduced Fraud

Third-party fraud risk is offset by ensuring the person receiving the funds is the same as the person applying.

Automated Risk Identification

Issues such as loan stacking and problem gambling can be quickly and easily identified.

Reduce Operational Time

Access to transactional data greatly reduces the time spent by underwriters reviewing applications.

Real-Time Bank Data

Rather than relying on an outdates credit score, it is now possible to utilise real-time bank transaction data on which to base credit risk.

Quick And Thorough Due-Diligence

Transactional data and income verification gives peace of mind that all due diligence has been undertaken and the applicant can afford repayments.

Missed Payment Identification

Using bank data allows payment history to be isolated and identified. Missed payments or bounced payments will be readily identifiable.

Six Reasons Why You Can Place Your Trust In Open Banking

To get us thinking around security in Open Banking, we have below outlined six reasons why consumers can consider it secure. Prime amongst these is that it uses bank-level security and does not require forfeiture of your bank log-in details.

Read this article
DirectID bank statement information proves our rigorous underwriting standards for regulators.

Lee Birkett
CEO, Just Us

Our Products Solving Credit Risk Management

The current process of affordability assessments is long, inaccurate, and allows for a high chance of human error. With so much physical documentation, and manual assessment required, fraud also becomes a high risk factor to every application. And adding to this, poor affordability decisions can lead to weak long-term businesses.

Supplement your
CRA Implementation

Don't lose business through exceptions processes or marginal applications. Supplement your standard CRA assessments with instant insights and real-time data.

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