That's not just good news for your customer. It also gives you the
competitive edge to on-board and deliver services to more
customers, more efficiently, saving time and money. And that's
got to be welcome news for everyone concerned.
Whether it's an application for loan finance, or trade credit, essential
customer checks like KYC, customer verification, risk and affordability,
and anti-fraud are made so much faster.
The customer enjoys a faster response to their application, and you
benefit from significant workflow savings - so it's a win-win.
Our 'Open Banking' technology allows your customers to confirm their
identity and affordability securely. With a click of a link, they can share
their bank account data with you - and then the magic happens.
We instantly analyse both account and transactional data, to verify
the customer, assess affordability, and screen for fraud.
Open Banking offers you a more time-efficient, cost-effective, and
risk-free approach to pre-approving all potential customers before
they have time to shop around other services.
Put simply, Open Banking will help you deliver a faster service and
a quicker decision to land the customer.
You want customers you can trust to repay on-time. Link2Bank is CRIFVision-net's Open Banking solution.
It lets you ditch the doubts and delivers up quality, credit checked candidates, pre-approved and
ready to go - today! Essential business checks become child's play.
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.
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 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.
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.
With over 1 million open banking credit scores calculated in the past 12 months, we would be very happy to share
with you some of the ways top banks, financial institutions, professional practises, corporates, and many more are
leveraging open banking technology to better assess and provide a more frictionless digital service to their customers.
CONNECTED BANKS
OPEN BANKING CREDIT
SCORES CALCULATED IN
THE PAST 12 MONTHS
VARIABLES TESTED FOR
A SINGLE SCORE
THAT CAN BE
CALCULATED ON
CUSTOMERS
Call our team of Open Banking experts: 01 903 2660
Or you can send your requirements over to us via email at helpdesk@vision-net.ie
