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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?

Due to the precision of categorisation, the sources of income are identified accurately.

Income is structured in a very granular form, hence income definition can be easily tailored by client to suit different regulatory requirements or internal procedures.

Besides descriptive display of historic income, the analytics on future trends can be extracted.

 

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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