Credit Insights

Leverage the power of Open Banking through categorized and enriched data

Algoan Credit Insights provides categorized and classified Open Banking Data that can be leveraged in a variety of use cases related to lending

Easily retrieve enriched transactional data

Lenders can instantly retrieve categorized and classified Open Banking data that is ready-to-use and that allows lenders to make more informative decisions. In addition to categorized data, Algoan Credit Insights provides actionable insights on top of which lenders can build their own applications and forecasting/predictive models.

Some examples of data you can retrieve
through Algoan Credit Insights:

  • A list of monthly amounts of detected incomes and expenses, as well as their categories (rent, loan, wage, allowance, etc.)
  • The residual income
  • The debt-to-income ratio
  • The presence of fund seizures directly on bank accounts
  • The presence of wage advances, with their total amount
  • The number and total amount of payment incidents, such as debit rejections
  • The number and total amount of recent of credit line drawdowns
  • Indicators about overdraft, such as the maximum overdraft

Get an up-to-date picture of the applicant’s financial situation

Algoan Credit Insights is based on data directly retrieved from banks, which gives lenders an up-to-date view of the borrower’s financial situation including ongoing loans and related monthly payments.

Are you ready to build the best open banking credit experience with Algoan today?

Contact our sales team to learn more about our solutions and see how we can help.

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