Explore how implementing bank transaction data can improve processes, reduce exposure and create value.
While at first apprehensive and limited in scope, fintech organisations have steadily embraced the inherent friction in asking customers to supply bank credentials and have taken full advantage of the benefits that Bank Transaction (BT) data can provide. BT users are seeing improvements in fraud, losses, approval rates, and account management strategies while enhancing scalability and depth of insights.
In our latest Whitepaper "The Evolution of Bank Transaction Data," GDS Link explores:
- Benefits of the evolved state of bank transaction data
- Solutions for bank transaction data
- Bank transaction data in consumer services
- Bank transaction data in commercial banking
Currently, most high-quality models of credit risk and fraud can be constructed when paired with traditional credit bureau data, internal consumer behavior, application fields, and scores to yield previously unavailable assessments of affordability and incremental risk.
GDS Link's Data Services offering reduces this risk by providing a normalised view of over 4,500 enhanced bank transaction data that are customizable to the client.