Make it easier for your customers to make green choices. Whether they’re looking for an electric car or energy efficient solutions for the home, such as insulation, solar panels or heat pumps, we’re here to help you and your customers contribute to a more sustainable future.
Optimize Green Loans for Sustainable Growth and Success
Boost company reputation
Enhance your reputation with streamlined green loan approvals, showcasing your commitment to responsible banking and fostering trust in your brand's integrity.
Confirm sustainability commitments
Reaffirm sustainability pledges through precise, rapid green loan assessments, demonstrating your dedication to environmental responsibility and ethical banking practices.
Enable positive sustainable growth
Facilitate positive, sustainable growth by leveraging our optimized green loan solution. Accelerate credit decisions, support eco-friendly initiatives, and be a driving force for a better future.
Decreased loan approaval time
Cut approval times for green loans, boosting client satisfaction and positioning your bank as a leader in efficient, eco-conscious financing.
Increase accuracy
Enhance precision in green lending. our solutions ensure more accurate assessments, minimising risk and enhancing your bank's reputation for reliability.
Better customer experience
Optimize customer experience with streamlined green loan processes. Provide quicker approvals, transparent communication, and a commitment to sustainable financial solutions that resonate with clients.
Monthio revolutionizes loan applications and customer suitability by leveraging open banking to automate data collection and analysis. This provides lenders with real-time financial insights and enables a seamless and efficientapplication process for borrowers or renters.
Simple user journey
A quicker response for applicant and advisor
Automated data verification
Seamless upgrades & extensions
Optimized conversion
Decreased drop-off rate with Monthio
Customer-centricity as standard
Your new improved loan process
Transform your customer experience with Monthio's creditworthiness solution. Provide your applicants with lightning-fast loan decisions, a seamless application process, and a user-friendly design, ensuring exceptional experiences that drive customer satisfaction and loyalty.
4 quick steps
A seamless digital experience
Intuitive User Experience (UX)
91% flow completion rate
Live end-user support
Your applicants' queries are taken care of
SET UP FOR SUCCESS
Seamless implementation process
With our decades of credit process experience and dedicated integration support, implementing Monthio into your bank is effortless, across all business areas. Our personalized approach maximizes efficiency and unlocks the full potential of Monthio's solutions for your bank.
Tailored integration process
Our customized integration process perfectly aligns with your business needs
Technical & product support
Take advantage of our deep banking insight & tech expertise for your optimal outcomes
Seamless upgrades
Our feature extensions & product upgrades are ready when you are
“We are always looking for ways to optimise the customer experience & I was immediately impressed by how much quicker the financing process was from using Monthio. Instead of manually having to provide paperwork and wait hours, if not days for approval, the data we need comes within seconds.”
CEO of Varmeo - Peter Veie Gudmand
“Monthio’s solution enables us to process the same amount of loan applications, despite the increased requirements in Denmark. It also gives us deeper applicant insight ensuring more accurate decision making and easier documentation. We see Monthio as an invaluable business resource.”
Head of Credit at AL Finans - Jesper Jensen
“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
What we offer
Income verification
Get instant verification of applicant income with the latest & most accurate data.
How does Monthio's solution work when it comes to green loan approval?
Using Open Banking and other data sources for green loan approval involves customers granting consent to share their financial data from their bank accounts. This allows you to access real-time information for a more accurate assessment of their creditworthiness / affordability.
What are the benefits of using Monthio when it comes to loan approval?
Monthio can help you make green loan approval faster and more efficient. You’ll see improved risk assessment from our access to more comprehensive financial data and superior categorisation which decreases defaults. It also provides you with the ability to offer more personalized loan products and terms relating to a borrower's interest in green initiatives such as solar panels, heat pumps and e-transport.
Will my advisors / loan officers like automating the approval process?
Credit advisors generally appreciate Open Banking as it streamlines the loan approval process reducing credit decisions from days to minutes. This allows them to make informed decisions and offer personalised guidance to borrowers. It also reduces spending vast amounts of time checking, verifying and chasing paperwork - creating more time to focus on other areas of customer success.
Does automating green lending help the sustainable home financing process?
Automated green lending can significantly streamline the sustainable home financing process by providing lenders with real-time access to an applicant's affordability, enabling quicker and more accurate credit-decisioning.
How do loan applicants benefit from automating green lending?
Automating green lending makes the loan application process seamless and easy for applicants, helping you support your goals to optimise the customer experience. It eliminates the need for them to collect and send manual documentation and allows them to receive a real time decision rather than going back and forth for weeks. It also helps you offer fairer finance, protecting applicants who cannot afford the repayments, and increasing access to borrowers who can.
Are other banks using Open Banking in lending?
Many banks are embracing Open Banking as a way to enhance their loan approval processes. It has become a widespread practice within the banking industry, with numerous financial institutions adopting Open Banking to access customer data securely.
Is Open Banking secure?
Open Banking is designed with robust security measures, incorporating advanced encryption and authentication protocols to safeguard sensitive financial information. Additionally, stringent regulatory frameworks and constant monitoring ensure a secure ecosystem, inspiring trust and confidence in the confidentiality and integrity of user data. Monthio is FSA regulated across Europe and ISO27001 accredited.
Who can I speak to at Monthio about optimising my green lending processes?
To speak about optimising green lending at Monthio, you can reach out to our sales department who will be able to give you more information and guidance specific to your needs. We will also be able to share with you examples of how other banks or sustainability providers like yours have taken advantage of Monthio’s services.