Affordability

Income and affordability insights based on real-time transaction data. Using data direct from connected bank accounts, income and expenditure figures are calculated to give a snapshot of a customer’s financial position.

How It Works

Initiate: Send your customer a secure link.
Consent: Customer consents to share transaction-level data.
Connect: Customer securely connects their bank account(s).
Retrieve: Transaction data is downloaded from connected accounts.
Analyse: Data is categorised, and a real-time financial assessment is generated.

Insights returned

Affordability total income total estimated income total expenditure total liability total essential total affordability total non-essential expenditure total essential affordability total benefits standing orders amount average income average expenditure predicted free income predicted affordability predicted non-essential expenditure predicted committed expenditure predicted other expenditure
Income total count average max min
Expenditure total count average max min
Liabilities total count
Transaction Time Series total count average max min balance max balance min balance average
Risk Indicator Report direct debits active direct debits active direct debits amount direct debits amount standing orders standing orders amount actual balance overdraft overdraft utilisation overdraft utilisation percentage has benefits: true/false has gambling risk: true/false

Affordability

total income
total estimated income
total expenditure
total liability
total essential
total affordability
total non-essential expenditure
total essential affordability
total benefits
standing orders amount
average income
average expenditure
predicted free income
predicted affordability
predicted non-essential expenditure
predicted committed expenditure
predicted other expenditure

Income

total
count
average
max
min

Expenditure

total
count
average
max
min

Liabilities

total
count

Transaction Time Series

total
count
average
max
min
balance max
balance min
balance average

Risk Indicator Report

direct debits
active direct debits
active direct debits amount
direct debits amount
standing orders
standing orders amount
actual balance
overdraft
overdraft utilisation
overdraft utilisation percentage
has benefits: true/false
has gambling risk: true/false

Available Products

Available Methods

UK Banks

Categorisation

Using machine learning models, we categorise banking transactions to provide insights into income and spending behaviours. This includes distinguishing between essential and non-essential commitments, offering a clearer picture of financial priorities.

Integration

Our user-friendly Console allows you to quickly assess your customers' financial profiles. Available as an integrated or standalone solution, it provides an intuitive interface for reviewing financial insights.

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