Envestnet | Yodlee Credit Accelerator

Traditional credit data is often out of date and provides a limited view of a consumer’s overall financial health and ability to manage new debt, especially in uncertain economic conditions. Lenders can now integrate an alternative data set that delivers a more timely and holistic view of a consumer’s financial situation than data obtained solely from credit reports. This customer-permissioned alternative lending data includes current cashflow, deposit and asset data all delivered in one easy-to-view file. This especially impacts consumers who are thin file, no file, or unscorable, thus providing a viable path for expanding financial inclusion.