Bereaus may not have the right kind of data to score for segments such as new to credit and thin-file customers. Combining insight derived from bank statement with bereau data results in deep insights, enabling bereaus widen their customer reach.
FinBit complements bereaus which are typically strong on credit data with financial insight derived from bank statements. The two different data sets can be combined to arrive at a powerful credit solution
Leverage a huge number of data sources comprised of an unparalleled breadth, depth, and variety of financial accounts
Customized insight which helps you score even niche segments such as new to credit and thin file customers
FinBit products adhere to the highest, bank-level security, privacy, & compliance/regulatory standards
Consumers can select their financial insitution from the popular sites list or by searching based on a keyword
Consumers can provide the site login credentials. If required consumers are asked to provide additional authentication input.
The details of accounts gathered are displayed. Consumers may choose to add other accounts.