Proof of Income

The old approach taken by lenders to proving an applicant’s income was to ask for copies of payslips. In today’s online world, that is no longer customer friendly, if it ever was. Using only net pay via screen-scraping is fraught with its own risks. There must be a better way. There is and it’s called Verifier.

Key Features

  • Seamless for consumers

  • Instant response time

  • Robust income and employment assessment from multiple data sources (including CDR and 3rd party data sets)

  • Consistent insights – powered by the Verifier Connect Rules engine

  • No screen-scraping or password compromise

  • Three options to deploy: instant browser, batch or

    API

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Benefits

The benefits of using Verifier for lenders are:

  • Fewer drop outs (the industry average is 30%)

  • Faster time to loan approval

  • Lower cost

  • Username and password integrity

and the benefits for customers:

  • Loan applications are simpler

  • Applications are faster

  • Preserves username and password integrity

The solution can be delivered via the online Operations Portal or a full API integrated solution.

 

Simple

All PAYG employees can provide access to income verification via CDR sourced bank transactions, payroll or superannuation account data.

Seamless

Verifier is radically different. Verifier solves income verification in your application without requiring annoying uploads or downloads or forcing consumers to use screen-scraping.

A simple, comfortable user journey!

Secure

Verifier is ISO27001 ceritified. It never asks applicants to share their password. No personally identifiable data is retained.