Fast & Accurate Lending Decisions
Full Financial View
With Envestnet | Yodlee Credit Accelerator, you can enable consumers to connect their financial accounts to generate a comprehensive and accurate view of their financial position. Our industry-friendly holistic report includes income and expense summaries to inform and speed lending decisions whilst adhearing Australia’s and New Zealand’s Responsible Lending guidelines.
Credit & Lending
With Envestnet | Yodlee’s proven technology, banks and FinTechs can instantly aggregate, categorise, and display consumer income and expense analysis for faster more accurate lending decisions.
Comprehensive Picture
Get an accurate and complete view of an applicant’s financial position from aggregated account data
Instant & Accurate Results
Digital data retrieval and analysis reduce manual errors, cut operational costs, and reduce decisioning times
Expense & Income Analysis
Comprehensive report includes income and expense summaries for Responsible Lending decisions
Real-Time Picture
Current financial account data is aggregated and analysed for an up-to-date view
How It Works
Empower Lending with Instant Analysis
Acquiring a full picture of a potential borrowers’ spending and income history and conducting credit analysis is typically a time-consuming and labour-intensive process. But with Envestnet | Yodlee’s Credit Accelerator, you can use our proven data aggregation capabilities to gain a complete picture of your credit applicants and speed the data analysis process without compromising the results.
Here’s How It Works:
- Integrate with Envestnet | Yodlee’s Financial Data Platform and Envestnet | Yodlee FastLink so your customers can add and link their financial accounts
- Your customers grant permission and link their financial accounts
- You receive a comprehensive report via a PDF or data extract format
All the Details at Your Fingertips
Expense and Income Analysis
Credit Accelerator report includes an income summary, which delivers detailed information on all sources of income and recurring income streams. It also includes an expense summary, which classifies spending into industry-friendly categories (or custom categories as required by each lender’s own decisioning framework) to help you identify key credit risk and lifestyle factors.
Whitepaper
Leverage Technology to Facilitate Responsible Flow of Credit
Responsible lending requires banks to understand consumers’ financial data to better assess their financial position. The right technology – for the financial institution and the consumer – can help to bring this together quickly and easily.