How they describe themselves: Nordigen is a global account data analytics provider that helps banks and lenders improve the speed and accuracy of their credit decisions. We offer the best account-based income verification, transaction categorization, and behavioral scoring solutions currently available. Nordigen operates across 13 countries, working with 50+ global banks and lenders.
How they describe their product/innovation: Nordigen Report enables banks and lenders (1) access loan applicant account histories and (2) verify income and other risk-critical insights – all in one place. Nordigen Report uses industry-proven analytics to generate risk reports and can be integrated with all major account aggregators and/or Open Banking APIs.
Nordigen Report has the following use cases:
- Provides more information about “thin-file” customers;
- Verifies income;
- Verifies current liabilities;
- Verifies “red flags” (e.g. gambling, previous debt collection and bailiff cases, frequent cash uses, etc.);
- Generates new predictive features for credit models.
Product distribution strategy: Direct to Business (B2B)