Expense verification

The benefits continue

Icon of 2 arrows facing forward in purple color used to represent the increased speed of processing loan applications when using Monthio

Speed up
applications

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.

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.

Better consumer
protection

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.

Moving graphic of financial data running through smart phone during loan application

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.

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

Learn more

“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

White girl with brown hair makes loan application on her laptop

“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