Equifax Open Banking Income and Expenditure Assessment improves the way income and expenditure is assessed by more a accurately measuring affordability and identifying vulnerability and helps put in place more affordable debt repayment plans. The automation of an often onerous process for end customers, enables our clients reduce the time and operational costs associated with creating an income and expenditure assessment by categorising your customer's current account data in Standard Financial Statement (SFS) format and offers a quicker path to debt resolution. Our animation shows how easy it is for your customers to share their transaction data via a simple user journey and demonstrates the how key income and expenditure insights can be viewed and edited in our collections dashboard.
Contact us to arrange a demo and see how Open Banking Income and Expenditure Assessment can work for you.