Non-Credentialed bank data is sometimes also referred to as bank verification, non-consented, or non-permissioned data. Non-Credentialed data can be easier to integrate and implement through an API-only connection or as part of a full end-user widget experience.
Credentialed data is also known as Bank Login, or bank connection and requires a front-end widget to facilitate the log-in process. RIBBIT offers both solutions in a full comprehensive end-to-end user experience through our widget from person through payment, or piece by piece as modular support to your existing waterfall and underwriting plan.
Bank data is more reactive to sudden economic changes, more demonstrative of real affordability, more revealing of individuals income and spending as a whole, more inclusive of profitable thin-file consumers, and more predictive of future payment behavior. Expertly-designed custom or generic modelling allows for automated and real-time decisioning to yield superior results.
RIBBIT provides predictive analytics with non-credentialed and credentialed bank intelligence to improve loan and payment performance, surpassing traditional credit solutions no matter how your customers choose to engage.
RIBBIT uses AI and adaptive learning to predict future bank behavior based on dependable and verified data through complete and modular solutions delivered through a single API connection.
Reach out and touch somebody’s hand, make this world a better place ~ Diana RossAm I old fashioned to think that face-to face meetings with handshakes, eye-to-eye contact, positive body language, shared dinners, friendly cocktails, and warm conversation builds...
“We’re all part of an interconnected system and once we see that, our responsibility becomes very clear. We have to help those in need today, AND ensure the world emerges a stronger, more resilient place—because doing the right things for society will lead to the right outcomes for business.”
~Ajay Banga Executive Chairman, Mastercard
Relying on money in our pockets to buy food, pay rent, purchase gas, and support daily living would be a dangerous game, but that’s how the unbanked lives. . . . not a good scenario for financial success.
You can’t always get what you want, But if you try sometimes you just might find, You get what you need ~ Rolling Stones
As a kid, I loved the Magic 8 Ball and believed, if you held it just the right way, it had all the answers. As adults, we have all stewed over a purchase wondering whether we should buy it, can we afford it, and what are the consequences of nonpayment? Often, the wrong answer to these practical questions can put individuals into debt, plummet their credit ratings, and impact all future financial opportunities.