Consumer Lending
Enriched data insights for seamless lending decisions
Our open banking data solutions give you access to the real-time insights needed to make informed, fair lending decisions – allowing you to accept more loan applications, while mitigating the risks associated with underwriting and servicing those loans
INCLUDED SERVICES
Our modular insights platform gives you the ability to opt-in to multiple services with minimal integration, and to create tailored solutions that match your consumer lending needs.
Transaction Categorisation
Receive raw and categorised transactions including log, merchant name and category group across multiple accounts
Account Owner Verification
Instant verification of bank account information, including account number and name with smart name matching and confidence scoring
Balance Check
Real time retrieval of available and booked balances across multiple accounts
Verification of Income
Automated validation of an individual’s income in real-time with a standard text-based (JSON) format and PDF output.
Modular Insights
Option to receive customisable behaviour insights (e.g. loan stacking, subscriptions, salary advances, BNPL uses, regular payments) on a one time or ongoing basis.
Verification of Expenses
Capabilities to provide up-to-date, real-time spending habits of an individual
Mastercard Open Banking Solutions for consumer lending enables you to make fair, informed decisions across a number of lending use cases
Credit Cards
Personal Loans
Buy Now Pay Later
Credit Eligibility
Debt Consolidation
Plus even more unsecured lending solutions
Explore the key benefits
Optimise onboarding, application, and underwriting processes
- Increased conversion – through streamlining the onboarding, application and underwriting processes
- Increased security – confidently know who your customers are, that they own their linked accounts and have the required funds
- Improve operational efficiency – reduced processing time and decreased settlement, default and fraud risk
Increase credit access for underserved populations
- Access to real time, accurate data beyond the traditional data sources
- Improve financial inclusion by enabling thin file, near prime customers, or new to country
- Personalise your offer – identify premium customers and create personalised credit offers
Download our lending e-book
Deep dive into global case studies that explore how open banking creates fairer and more affordable lending options to bring more people into the digital economy – and giving consumers and businesses the resources they need to plan their future.
