Infact is now authorised and regulated by the Financial Conduct Authority as a credit reference provider
Increase acceptances
Improve compliance
Maximise conversion
Personalised affordability
Modern financial products have evolved to offer flexibility and personalisation to consumers, so why hasn’t how we assess affordability evolved with it?
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Affordability at the top of the funnel
Assess eligibility earlier
With 100% coverage and no additional friction, Infact’s Affordability Engine offers a new way to assess eligibility and improve acquisition channel performance.
Our clients use Affordability Engine to:
- Better triage marketplace applicants
- Improve expenditure assessments
- Increase automated decisioning
- Reduce referrals
Adding context to affordability
A more personalised view of affordability
Affordability Engine blends an applicants debt servicing and application data with our proprietary Affordability Model Dataset to offer a more configurable set of 9 relevant Affordability Metrics with confidence intervals.
Affordability Metrics are predictions on:
- Disposable gross and net income
- Non-discretionary expenditure
- Affordable repayment probability
- Inflated income probability
explainability report
Explainable, confident lending
We understand the challenges lenders face handling FOS complaints and the regulatory focus on affordability. To support lenders with these, our Affordability Engine offers an application-level Explainability Report on demand for every applicant.
Affordability Engine’s higher level of explainability helps you:
- Explain what data was used in affordability assessments, and why its relevant to that consumer
- Prepare FOS complaint responses in a more timely manner
"Infact's Affordability Engine has improved our expenditure assessments beyond what we could achieve with ONS, which has delivered a material increase in acceptances while reducing referrals, all while keeping application friction low."
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