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Insights / Income

Verify income for accurate financial decisions, instantly.

 
 

Insights / Income

Verify income for accurate financial decisions, instantly

Quickly and easily detect income sources, regularity and stability. Used by global banks, lenders, brands and fintechs.

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Trusted by innovators

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How it works

Income verification describes client’s income sources, income type and income trends (stability and regularity) as well as future predictions on client’s income.

Supported across all countries where account data aggregation is available.

 

Why use it?

Our categorisation engine's precision helps our clients identify income sources accurately.

Income is structured in a very granular way so that income definitions can be easily tailored to suit different regulatory requirements or internal procedures.

Besides extracting descriptive display of historic income, the engine can also extract future trends.

 

Example

 

Income verification consists of predefined indicators about a client's income, including client’s income sources, income types and income trends (stability and regularity) as well as future predictions on client’s income.


{ “income_verification”: { “income_summary”:{ “income_last_30_days”: 1000, “average_income_last_3_months”: 1000, “days_since_last_income_payment”: 15, “average_income_payment”: 500, “avarage_days_between_payments” 15, “number_of_income_payments”: 10, “whole_months”: 5, “months_with_income”: 5, “projected_average_income_next_6_months”: 1000 }, “income_by_months”:[ { “year_month”: “2019-01”, “total_income”: 1000.0, “number_of_income_payments”: 2, “average_income_payment”: 500 } ], “income_sources”: [ { “source_name”: “Ltd Work” “average_income_month”: 1000 “first_month”: “2019-01” “last_month”: “2019-05” } ] }} Output example:
 

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