Understanding a consumer’s financial health has never been more important
With the economy remaining turbulent, accurately, and consistently verifying a consumer’s income and expenditure remains crucial in lending responsibly and meeting regulatory expectations.
Without access to the right data, you risk making costly, uncompliant decisions, increasing the potential of delinquency, and putting consumers at detriment.
Make the right decisions with the right data, at the right time
A view of a consumer’s income, expenditure and disposable income is key in understanding their individual financial situation.
Affordability IQ2 is a suite of personalised bureau affordability tools that seamlessly verify a consumer’s income and expenditure, not only at onboarding but throughout the term of the agreement, for a more granular view of their individual financial situation, so you can make the right affordability decisions across the customer lifecycle, grow your business, and meet regulatory compliance.
Personalise your affordability assessments, make the right decisions at the right time and drive better outcomes for everyone.
Download our Affordability IQ brochure
How can I access Affordability IQ?
We will provide a solution that fits with your budget and requirements, but you can rest assured that our data is collected, compiled and delivered to the highest possible quality.
Request a consultationThe benefits at a glance
Informed decisions
Access a view of a consumer’s income, expenditure, and financial wellbeing to make the best possible affordability decisions
Automated verification
Save time and resource by verifying incomes automatically and reducing the volume of manual reviews
Reduce risk
Increase your acceptance rate without increasing risk. Accept more of the right consumers and reduce the risk of delinquency and poor outcomes
Prequalify consumers
Ensure customers only access products they can afford. Avoid creating an unrewarding application experience where they might be refused credit or struggle to afford repayments.
Personalised experience
Offer a personalised and frictionless consumer experience. Affordability decisions are tailored to the individual needs of the consumer
Lifecycle measurement
Measure affordability at an individual level not only today, but throughout the lifecycle
Payment capacity insight
Understand a consumer’s continued capacity to meet payments and support better consumer outcomes
Consumer duty compliance
Support evidencing Consumer Duty obligations by understanding consumer’s wider financial situation