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Instant Bank Verification

see. Instant Bank Verification. Providing real-time bank verification & status BalanceChek , ClearChek & PRBC. see. IBV will change the UK lending industry!.

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Instant Bank Verification

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  1. see Instant Bank Verification Providing real-time bank verification & status BalanceChek, ClearChek & PRBC

  2. see

  3. IBV will change the UK lending industry! Proprietary technology that verifies a borrower’s bank account in realtime, allowing a lender to immediately and automatically assess the risk and bank account status of their applicants.

  4. Boost Loan Portfolio • Value & Performance. • IBV instantly verifies: • Existence of a bank account • Time the account has been active • Account credits • Frequency of direct debits • Insufficient funds overdraft (OD) status • Balance + or – in £100 increments • Real-time access to over 20,000 • financial institutions Worldwide.

  5. How it works…

  6. See it in action… Applicant goes online and searches for a loan… …arrives at a lending provider’s site either organically or through a lead generator

  7. See it in action… Applicant fills out loan questionnaire A button (link) is inserted into the lenders page for the applicant to verify their bank information with the IBV process Studies show a 70% click rate

  8. See it in action… Screen overlays the lender’s site Information is pre-populated from lender site IBV is the product and process for the lender. PRBC is the applicant’s end-user interface Policy & termsare accepted

  9. See it in action… Verification interface can even be pushed to the user for completion via mobile device or kiosk. IBV is the product and process for the lender. PRBC is the applicant’s end-user interface Policy & termsare accepted

  10. See it in action… Applicant inputs personal bank information Challenge questions are presented, if any

  11. See it in action… Session is ended by applicant Unbiased data is sent to lender for a loan decision A ‘Thank You’ from PRBC is sent out to applicant

  12. See it in action… Applicant automatically returns back to lenders page for loan decision

  13. Distinct Advantages Better Data Direct access to the bank account data A true, real-time picture of the applicant. Speed 1 second up to 1 minute Comparable verification calls can take up to 20 minutes. Information is available 24x7. Cost A fraction of the cost of current loan decision making Comparable traditional loan making decisions cost up to £15.00.

  14. Add on Products BalanceChek During the recovery process lenders can check to see if the chequewill clear and if not how much can be drawn. Available via batch and/or API Leads to a better relationship with the bank.

  15. Add on Products ClearChek Lenders can now check to see if the chequecleared so another loan can be issued. Other add-ons coming soon…

  16. see payment reporting builds credit

  17. Payment Reporting Builds Credit Unlike traditional credit scores that are based solely on how well consumers have managed certain kinds of loans and credit cards, the PRBC Alternative Credit Score proves their financial responsibility through other means, such as paying rent, utility, phone/cable, insurance and other bills every month. The payment histories for these are utilisedto create a PRBC Score which reflects consumer behaviourand habits.

  18. Contact me for more information Simon Williams Managing Director Office: 01905 670 790 Email: simon_williams@microbilt.co.uk www.microbilt.co.uk

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