Issue 609 (Week ending 08/11/2023)

Your loan application has been approved!

Bingo, it's time to put those funds to good use.

If you've applied for finance or credit lately, you've probably noticed how quickly the process has become. And how effortless!

More and more, banks and large corporations are applying the power of 'Open Banking' in their everyday services, to deliver faster decisions and a better response to their customer.

As an example, if you're now applying for a mortgage, most banks will give the option for you to share access to your bank account with a few clicks. A 30-second process, that saves you the hassle of accessing your current bank, downloading account statements, saving them, and emailing them off to a helpdesk or upload portal.

We're delighted to say CRIFVision-Net power and provide this cutting edge technology to many banks throughout Ireland and Europe.

In turn, this lets the bank track your application, by running instant affordability and verification checks. Done seamlessly in the background, to provide a quick response and service to you; their customer.

As of late, we're seeing a growing trend of this technology spreading beyond banking and finance, to everyday company risk screening of customers and suppliers. Many are now using our 'Open Banking' software to instantly onboard new customers, and score and rank existing customers and suppliers.

We call this software Link2Bank, and it can be used for a wide range of business checks, including:

- Credit / Risk Assessment

- Anti-Fraud Checks

- Affordability Checks

- Verification Checks

So, what are you waiting for? Let Link2Bank streamline and enhance your customer evaluation process, with minimum input for maximum output. You can save time and resources, so your team, your customers, can focus on value-adding activities, instead of inputting data multiple times, and managing administrative tasks.

As always, if you would like to contact us for any further information, please call us on Tel: 01 903 2660 or email us at solutions.vision-net@crif.com