Accelerate Your Lending Decisions with
Real-Time Employment Income Data
Today's consumers expect a seamless, near-instant customer experience, yet financial services providers need to balance this expectation with the rigour of responsible lending and risk management.
Verification Exchange addresses this challenge by enabling instant access to verified employment income data, directly from source. This secure, consumer-consented digital service accelerates the decisioning timeline whilst mitigating the risk of increasingly sophisticated payslip fraud by replacing documents with data.
Why Choose Verification Exchange?
Accelerate Time-to-Yes
Embedding instant, digital verification of employment income into your application workflow can help drive revenue growth by reducing drop off and increasing straight through processing rates.
Protect against Fraud
Help mitigate the risk of payslip fraud and overstated income that now involves digitally altered artifacts and generative AI forgeries with this direct-from-source digital service.
Strengthen Compliance
Support responsible lending obligations with an audit trail that includes income breakdowns and key employment details.
The Data you Need
Get the bespoke data you need through our Client Rules Engine that simplifies complex data into tailored attributes, ensuring full auditability and reducing manual handling.
Verification Exchange streamlines the process of employment income verification through an automated and secure service.
The exchange provides easy and timely access to employment income data using best practices in secure data management. With a consumer's consent, employment income information is instantly available through Verification Exchange, eliminating the potential delays and risks associated with document upload and processing.