DecisionLogic Interface Launched

Monday, 17 February 2014

90 Days Bank Statements at the click of a button!

A key part of any Loan application and approval process is being able to attain a clear picture of the Applicant’s financial position. Traditionally, Applicants needed to post in or scan their Bank Statements, requiring each document to be viewed and manually assessed.

  • What if you could have your Applicants' Bank Statements delivered directly to your workspace?
  • What if you could then electronically use the information in your Loan assessment process and Score Cards?
  • What if that Bank Statement information was then stored on the client's file for “one click” access anytime in the future?

All your “What If’s” are now answered with the release of the finPOWER Connect interface toDecisionLogic’s Instant Account Verification solution. Intersoft Systems Ltd and DecisionLogic have teamed up to deliver a seamless interface in finPOWER Connect that will deliver 90 days’ worth of Bank Statement information directly to your workspace.

finPOWER Connect now allows you to send a DecisionLogic request directly to your Applicants, check which requests are actioned and have up to 90 days’ worth of Bank Statement information delivered directly to your Applicant’s file and stored electronically for future reference. The Bank Statement information is stored electronically as real data, not a PDF copy, so all the information is in a usable format for scorecards and your decision making process.

The DecisionLogic Interface for finPOWER can also assist your business by having fewer prospects go cold while waiting for documents and lowering the risk of fraudulent loans by accurately analysing Bank Statement information.

So whether you need to assess 90 days’ worth of Bank Statements for your application assessment or just to get a crystal clear view of your clients' financial position, the new DecisionLogic interface for finPOWER Connect will help you get there.