Credit Risk API

Grow Lending Without Growing Losses

Enable smarter, more accurate, and better informed credit decisions with the Envestnet® | Yodlee® Credit Risk API. This data-driven solution is designed to streamline and improve the consumer lending experience and provide lenders with a more robust and comprehensive financial view of their customers while still respecting consumer privacy, and security.

Go Beyond Credit Bureau Data

By supplementing traditional borrower data with transaction-level detail such as checking account transactions and utility bill payments, lenders can gain a more holistic view of potential borrowers. With greater insights into income and spending and a better understanding of a borrower’s credit risk, their risk profile for a loan can change significantly.

Along with the potential to increase loan approvals, using consumer-permissioned financial data as an additional data layer can work to reduce loan defaults and fraud.

Streamline the Customer Experience

Our credit risk solution includes Envestnet | Yodlee FastLink, which quickly aggregates data from multiple accounts to speed the approval process and save both lenders and borrowers time and effort.
By simplifying the lending process and putting customer data to greater use, our Credit Risk tools open the door to deeper insights on risk and more precise credit decisions.

Key Benefits

  • Deeper and more substantive view of credit risk
  • User-permissioned access to income, cash flow, bill payment history, outside investments, and other data sources
  • Real-time insights as transaction data becomes available
  • Digital onboarding for a streamlined and more satisfying customer experience
  • Analytics capabilities to increase loan approvals within lending requirements

View this on-demand webinar for an animated discussion on the trends driving change in lending and credit risk management. Learn how to leverage new technologies and data analytics to improve credit decisions, collections, and portfolio management.

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Go Under the Hood

Incubator

Got a vision or a prototype in need of financial data? It’s time to apply for the incubator program!

Developer Portal

Get access to the latest documentation, sample code, testing tools, and more on our Developer Portal.