“” Lenders | SILENTDATA

Lenders

Perform confidential affordability checks on prospective individuals and businesses

Lenders providing credit, mortgages, loans and cards to consumers continually assess risk that debt repayment may be delayed or defaulted because a borrower lacks sufficient funds or consistent income. This risk is greater during these uncertain times of COVID-19.

Try it out

It’s free to try and only takes five minutes

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Proof of income

Consistent income over 3 months of £1,500

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Account holder

Derryl Manfred

Timestamp

03/03/21, 11:34:47 GMT

Reduce your risk by ensuring that customers have sufficient income

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I want electronic proof of the up-to-minute financial situation of a person or company before providing them credit.

Leon Kelley, Commercial Lending Director

Current solutions

Credit checks

Expensive

Data intrusive

May not reflect current financial situation

May exclude borrowers with strong short-term income history

Use regular open banking

Provides access to too much sensitive personal and commercial information not required for the check

Risk of GDPR Data Minimisation non-compliance

Introduces additional cyber risk by increasing footprint of personal data captured and held

What we really need is a way to get financial assurance, without the data privacy issues associated with collection sensitive personal and commercial information.

Our solution

Perform confidential bank account checks

Protects borrower data privacy

GDPR Data Minimisation compliant

Instant electronic checks

Provides digitally verifiable proof of based on live bank account data

Interested in our service?

Get started

It’s free to try and only takes five minutes