Account verification

Streamline verification with an effortless instant process

Peace of mind for credit
advisors

Ease the pressures of compliance, by automating account verification. Now your credit team can adhere to regulations effortlessly and gain more time to deliver value in other areas.

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Speed up
applications

Seamlessly verify account details, minimize drop-off rates and achieve instant onboarding. Unlock efficiency and speed for a better lending process.

Decreased applicant
drop-off

With digital verification, you reduce the chance of applicants abandoning the loan process. This means an increased conversion rate and better company reputation.

4 easy steps

Simple for your applicant, transformative for you

Pink color icon used to show bank or financial institution selected by loan applicant

Bank selected

Icon in pink color to show that account has been connected using Open Banking

Account connected

Icon in pink color or arrow pointing forward to show authorization has been granted by loan applicant

Authorization granted

Icon showing pink color check mark in circle to show the account holder information has been verified

Account holder information verified

Graphic showing smart phone in purple color with green check mark saying Account Verified

“Since partnering with Monthio, we have been able to process more loan applications using fewer employee resources. The app also gives us a deeper applicant insight ensuring even more accurate decision making and easier documentation.”

Head of credit - Consumer Loan Provider

Image of white girl in black t shirt on laptop applying for a loan

“Monthio allows us to process a case in 5 minutes, down from 30. It is a crucial element of our credit assessment. Monthio is the key to our entire credit rating process.”

Head of credit - Corporate & Consumer Loan Provider

Image of group of employees, loan officers or credit advisors

“Getting up and running was painless. It was a fast and efficient implementation process.”

Danish Leasing Provider

Image of man in pink t shirt on the phone who is satisfied with loan approval process

Beyond
Open Banking

Unlike other creditworthiness solutions, Monthio goes beyond Open Banking. We analyze a wider range of financial data than just PSD2, employ superior algorithms, and apply meticulous categorization techniques. Start making informed and accurate approval decisions in less time.

Learn more