Whether you’re lending to individuals or to SMEs, creditworthiness decisions are a critical and time-consuming step. It’s important to provide potential customers with a speedy answer, while also keeping errors and risks down. By leveraging Account Information Services (AIS), you can reduce risks, speed up decision-making and reduce costs.
Transaction behaviour is a key predictor for creditworthiness. By drawing account information directly from the bank, you get real-time, up-to-date insight into your customers’ financial position: salary, other income and expenses. And because the information comes organised and in digital form, you reduce the number of hard-copy documents you need to work with.