The FinBit financial data aggregation platform delivers data 17,000 global data sources, enabling you to access consumers' bank, credit card, investment, loans, tax and other financial data you need. The data aggregation platform powers everything from credit lending to financial wellness.

FinBit provides a safe, secure, and quick way to instantly verify and connect accounts with reduced risk. FinBit Account verification happens in real-time without requiring micro-deposits or bank account numbers.

The FinBit Statement Upload solution supports a wide range of financial statements across various formats. FinBit can read data from statements of multiple geographies across different segments such as retail, small business etc.

The FinBit Transaction Analysis solution derives insight from various types of financial data enabling banks and FinTechs to provide instant credit decisions.

FinBit enables financial institutions and FinTechs to provide credit decisions for credit invisibles that are new to credit, thin-file, or no file by analyzing data from multiple sources including alternate data sources traditionally ignored by financial institutions.

Problem

To make smart credit decisions, lenders require insight into customer data. However the process of gathering holistic financial data of customers is very cumbersome for lenders and creates significant work for customers. Lenders lack reliable insight to evaluate segments such as new to credit and thin-file customers

Solution

FinBit provides a easy way for customers to provide their financial data. This data is then enriched through categorization making it easy for lenders to derive insight. FinBit also provides a credit insight solution that lenders can leverage to provide instant credit decisions.

Problem

SME lending is plagued by a massive credit demand and supply mismatch. Lenders don't have the right kind of data to quickly evaluate SMEs for credit. To get a loan the traditional way, SMEs are required to physically go to the financial institution with a host of documents and fill several forms.

Solution

FinBit provides a easy way to gather financial data from SME customers. Data is collated from multiple sources such as bank and financial statements, tax, invoices etc. to arrive at a holistic data set which can be leveraged by lenders to provide instant credit decisions.

Problem

Financial institutions and FinTechs don't have a holistics view into their customers' accounts. It is very cumbersome for customers to gather and provide their data across multiple financial institutions.

Solution

FinBit enables financial institutions and FinTechs to gather data from Account Aggregators by handling all the complexity of building the connects to multiple aggregators according to the specifications.

Problem

Obtaining a holistic view of customers' financial health is difficult when they accounts are spread across multiple financial institutions.

Solution

FinBit easily gathers financial data from multiple sources and enriches data through our categorization engine to help you coach customers for financial wellness.

Problem

Identity and account verification is a cumbersome process both for financial institutions and customers.

Solution

FinBit provides a easy way for customers to link their accounts so that you can verify ownership of accounts instantly, in a safe manner

Problem

Obtaining a holistic view of customers' financial health is difficult when they accounts are spread across multiple financial institutions.

Solution

FinBIt easily gathers financial data from multiple sources and enriches data through our categorization engine to help you coach customers for financial wellness.