Affordability & Risk Check

CONFIRM INCOME & EXPENSES

Customer bank account data is analysed,
interpreted and a report is returned, with a risk
score along with supporting evidence. Monthly
spending and income is compared to highlight
monthly shortfalls. Spending is categorised for
adverse habits. Stress tests can be added too. All
performed in a blink of an eye, ready for you to
fast-track approval for your customer.

Anti-Fraud Checks to Ensure Application Legitimacy

VERIFY HISTORY OF TRADING

All companies incur standard types of expenses: utility,
rent, mortgage, payroll, etc. Link2Bank lets you view a
new customer's bank account data to verify a history of
trading by the applicant. This check strongly reduces the
risk that the company has recently been set up for fraudulent
purposes. Earliest transaction and other data points can
further raise flags or help mitigate risk of fraud.

Verify Customer Identity And Reduce Fraud

VERIFY CUSTOMER VS BANK ACCOUNT DATA

Link2Bank allows you to reduce fraud by easily
verifying an applicant or their company. Capture
account data, and run checks to verify the IBAN
and bank account name matches the applicant's name.
Similarly, that the IBAN supplied matches payment
account details.

Better Assess Sole Traders & Start-Ups

RISK ASSESS ENTITIES WITH LIMITED PUBLIC DATA

Accurately assessing sole traders and new small businesses
is an age-old issue.

For years, this has resulted in start-ups and sole traders being refused credit, from there not being an easy way to assess and monitor their ability to repay.

Link2Bank lets you request a report on any entity so you can make a real-time assessment and service more customers. At the same time, sole traders and customers with a limited trading history can prove their credit worthiness.