Obii for lending
Faster and more accurate credit decisions
Get real-time access to consumers’ bank data to make better informed credit and risk assessments. With insights into actual financial behavior, you can accept more and reduce risk while providing personalised offers and getting risk-based pricing.
How open banking improves lending
Affordability checks
Instantly verify a person’s income with secure, real-time data directly from their bank account. Onboard faster, with a fuller picture.
Reduce loan delinquency
Help borrowers increase their repayment capacity by giving them engaging tools that help them set and track budgets.
Optimise the entire loan process
Offer customers a smooth digital flow to replace slow, manual underwriting processes based on paper applications.
Employment checks
Instantly verify a person’s employer with secure, real-time data directly from their bank account.
Power credit and risk models
Improve the assessment process using clean and standardised transaction data to better inform risk models.
Faster decisions
Generate pre-approvals faster powered by verified data and improved risk models.
Use Case for Lenders
Challenge: a cumbersome process
Relying on user input, documents, affordability checks takes time, comes at a cost, and provides a limited (and sometimes outdated) picture of creditworthiness. If you are looking for smoother and faster way to assess applicants’ income and creditworthiness.
Solution: seamless data flow
Using the Obii platform, loan applicants can easily connect their bank account to provide an instant and thorough assessment in just a few taps of a screen.
Lenders can now make underwriting decisions in less time – when it used to take Them hours, days even weeks.
Get in touch
Contact us now and discover Solutions that power the best customer journeys using the highest quality data.