Leverage Technology to Facilitate the Responsible Flow of Credit and Financial Wellness

Responsible lending requires banks to dig into consumers’ financial data to better understand their financial position and document a borrower’s ability to repay a loan. Bank statements are key to verifying a consumers identity and account information, but they’re not all in the same formats or places. Therefore it can be problematic without the right technology – for the financial institution and the consumer – to bring it all together.