Streamlining Lending and Helping Prevent Fraud with Alternative Data

Date: Wednesday, September 20, 2023
Time: 11am PST / 2pm EST

Lenders today are under pressure to make timely and efficient loan decisions while preventing fraud and delinquency. One way lenders can overcome these challenges and streamline lending processes is with consumer-permissioned alternative data. By offering up-to-date insights that go beyond the surface, alternative data can paint a clearer picture of creditworthiness rooted in genuine behavioral patterns to enable a more holistic view of income verification and cash flow underwriting.

Join our webinar to see how alternative data:

  • Allows lenders to verify numerous sources of income and help combat reporting fraud
  • Improves match rate of direct-to-payroll sources and is faster than manual verifications
  • Can be more cost-efficient than manual verification and traditional sources
  • Provides recent deposits at present and up to 365 days of historical data
  • Delivers an up-to-date view of consumers’ assets, liabilities, and expenses

See how alternative income data, total cash balance, deposit transactions, and more can be added to round out your overall understanding of each applicant’s financial situation and establish a comprehensive, data-centric strategy that effectively reduces the potential for fraudulent activities.

Hear from: 

Jeff Hollander, Strategic Consulting Director for Credit, Envestnet | Yodlee

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