Deeper data for better, quicker decisioning

Deeper data for better, quicker decisioning

Are you a lender providing products to small businesses and consumers? Our decision management technology utilises the rich data source of Open Banking in conjunction with other data sources to create deeper insights, and the visualisation of that data on our Credit Console. This means you can turn transactional data into intelligent services that improve both your decisioning processes and your customers’ experience.

Decision Block

Decision Block
Seamlessly integrated into your customer journeys across the credit lifecycle, our real-time block of key-derived Open Banking data means you can make more informed and smarter decisions, faster. Our extensive experience has led us to develop innovative characteristics in our services for both retail and business lenders.

These include:

  • The ability to identify undisclosed bank accounts
  • Real-time affordability analysis and alerts
  • Income stability and veracity indices
  • Spend categorisation, including potential high-risk spending patterns like gambling
  • New borrowing not yet likely to have been identified on a customer’s credit file
  • Signs of financial vulnerability, such as missed payments and lending excesses
  • The same level of detail and insight for both new and existing customers
  • In-depth insight into existing customers with relationships elsewhere, enabling smarter decisions that ensure lower operational costs
  • Replacing paper-based information with a consistent digital data format
  • Advanced analytics, including modelling, automation and machine learning

As we move further towards Open Finance and then on to Open Data, the opportunities to make quicker, more informed and more accurate decisions will increase exponentially. This additional data will enable you to provide more tailored products and services to business customers and consumers alike.

Credit Console

Credit Console

Our user-friendly Credit Console displays valuable insights and derivations alongside our Open Banking data block. This easy-to-navigate console enables you to: 

  • Give your underwriting and branch staff access to real-time account and transaction data for all customers
  • Review aggregated and individual customer accounts, balances and transactions
  • Streamline business processes and speed to decision, with key risk and financial metrics presented in a clear, visual, and meaningful way
  • Increase process efficiency and reduce operational overheads with digital financial information rather than paper statements

Decision Management as a Service (DMaaS)

The traditional model of buying and implementing decision management systems on-premises poses significant challenges:

  • Substantial upfront and ongoing expenses 
  • Cumbersome to both implement and change 
  • Product longevity is controlled by the provider

These are becoming outdated practices – it’s time for all of us to take advantage of the power, freedom and speed that cloud-based decision management provides. 

Offering significant advantages and cost savings, our DMaaS solution is for use by all financial providers across the credit lifecycle.

On-time, on-budget project delivery

We know that efficient and high-quality delivery is equally as important as the underlying technical product. We also know that you have numerous competing priorities and agendas that are subject to change. That’s why our goal is to ensure that adoption of the AperiData product suite is as easy as possible. 

We do this by employing our proprietary delivery methodology, developed using our decades of real-world experience in delivering solutions into the financial services sector.  

Key benefits include:

  • End to end business analysis along with recommendations for potential solutions
  • Joint delivery plan to ensure both parties have confidence with no unexpected challenges during implementation

We believe that other providers focus more on the ‘what’ and can overlook the ‘how’. In our experience, that’s when projects go wrong from a cost, quality and time perspective. We’re here to change that.

Safe And Secure

Our top priority is the security of our clients and their customers’ data.  Our technology has been developed to the highest technological standards to ensure security, ISO compliance and adherence to the FCA security principles.

© 2020 AperiData Ltd.

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