Allow your customers to securely share financial data with you
Allow your customers to easily and securely connect their bank accounts within your application and receive automated credit insights and account information in seconds, not days.
Using Wysely's journey you access transactional data of your client using Open Banking, giving you access to vast and powerful information that enhances your credit decision process.
Verify your customers' income, its sources and its stability. Assess income patterns, how frequent they occur and predict future income sustainability. Get notified when there are abrupt changes in income stability.
Assess and mitigate your credit risk by understanding the likelihood of a risk event and how this can impact your business. Utilise a proprietary risk rating system that is based on credit risk analysis of transactional data. Foresee critical credit risk events before they happen.
Product based customer risk classification
Measure a customer's affordability and credit risk for particular products or offerings, so that you manage the risk better, and offer the financial product that is best suited to their requirements.
Produce the risk profile of your client. Find risky behavioural patterns, such as gambling, and get notified when high risk patterns arise. Evaluate how customers repay their loans, rents and other liabilities.
Account information & payments
Using Wysely's journey you access transactional data of your client using Open Banking, giving you access to vast and powerful information that enhances your credit decision process, as well as the ability to initiate payments.
Account & identity verification
Complement your KYC process by retrieving the bank account holder name and matching it with your applicant's name. Retrieve and validate the IBAN account number and account holder information, that is used in the contract.
Account balance check
Get the current balance of a bank account and check whether a customer has sufficient funds for a future transaction.
Payments from within your app*
Payment initiation is the Open Banking way of receiving payments, at the fraction of the cost of traditional methods. Using the same seamless journey, your users are securely initiating the payment directly from their bank account, and you receive the funds in minutes.* In selected countries only