Instant expense verification

Enhance your credit decisioning and minimise risk with Monthio's real-time expense overview including spending insights and cashflow analysis.
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Grant more suitable loans
Offer more loans to good applicants. Protect those who may default.
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Meet increasing regulations
Compliance made easy for your loan officers
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The benefits continue

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Speed up
Accelerate your loan application process from days to minutes with instant insight into monthly spending including loans, savings and other regular or irregular payments. Eliminate reliance on blanket guidelines for an unmatched level of ease and efficiency.
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Less paperwork,
more time
Slash the time and energy your credit team spends on manually obtaining accurate spending insights. With instant digital verification of applicant financial health, you increase operational efficiency. Now your credit advisors can spend time on what really matters.
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Better consumer
With unparalleled insights into your applicants' financial situation, healthy or unhealthy consumption patterns are easily identifiable. Now you can make more informed lending decisions, minimise your risk exposure and protect vulnerable applicants.

Our unique features for your credit success

Cashflow analysis
Get a precise overview of all the in/outflows from all your applicant’s accounts, for the last 30 days, 3 months or 12 months. Now you can recognise speed & deviation of spend, with healthy or unhealthy consumption patterns easily identifiable.
Data as you want it
All consolidated data is accessible via our API or through our easy-to-understand dashboard, making it easy for you to make faster and better decisions.
Advisory dashboard
Our advisory dashboard automatically displays results about applicant spending. This enables credit advisors to swiftly access the crucial information needed for credit decisions, streamlining the process and saving valuable time. Now credit advisors can make more informed and accurate assessments, increasing loan approval efficiency.
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Improved customer experience

Give your loan applicants more

By increasing the speed and ease of the application process, applicants are not only more likely to complete the process, but also have a positive user experience.

Today’s digitally mature customers have the highest expectations and expect simple and intuitive customer experiences. In fact, the process is so intuitive that 91% of end-users complete the application process for a loan when banks or lenders use Monthio.

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 categorisation techniques. Start making informed and accurate approval decisions in less time.

“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
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“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
Lending team have a discussion in the office about processing a loan application

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

Danish Leasing Provider
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verification FAQs

What data points does Monthio provide in relation to expense verification?
How does Monthio's expense verification solution go beyond Open Banking?
How can Monthio's solution enhance credit decisioning and minimize risk?
Can Monthio's solution speed up the loan application process?
Does Monthio's solution reduce paperwork for credit teams?
How does Monthio's solution offer better consumer protection?
How easy is it to integrate Monthio's expense verification solution?
What security measures does Monthio have in place?
Is Monthio's solution user-friendly?
What is the level of customer satisfaction with Monthio's expense verification solution?
Ready to get started?
Do you want to find out more about how Monthio can revolutionise your loan approval processes?
Get in touch
Superior Categorization
Our comprehensive categorisation accurately identifies
more data in each section than other leading Open
Banking providers.
Banker-designed. Credit approved
We offer more than just cutting edge technology. We are built on deep banking expertise to create a tailored & powerful solution for credit departments.
End users at the forefront
At Monthio, we put the end users the forefront of our product design. That’s why 91% of applicants that go through the Monthio process, complete it.

Already benefiting from Open Banking?

At Monthio, we go further than Open Banking. Benchmark Monthio against your current provider and see for yourself!

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