IDfy’s API analyzes the bank statements in the standardized AA format and provides a 360* view of the applicant’s financial health. This aids underwriters in making quicker, smarter & risk-free decisions.
Avoid fraud with bank statements directly coming from the source
More accurate insights since the file format is standardized, irrespective of which entity shares the statement
AA gives the ability to fetch data multiple times enabling risk monitoring during the loan duration
Compliant with the privacy mandates as a data analytics provider in the AA ecosystem
Upload bank account statements in the standardized AA XML format and you’ll receive multiple data points that help you mitigate underwriting risk.