Smarter affordability, better outcomes
Improve coverage and increase responsible lending with our frictionless and explainable Affordability Engine designed specifically for embedded and digital lending.
Increase responsible lending
Grow your loan book with more proportionate assessments
Promote financial inclusion
Increase your addressable market and accelerate loan portfolio growth
Maximise
conversion
Increase coverage and improve the checkout experience
The time to act is now: FCA Financial Lives Survey
A total of 19,145 respondents completed the FCA’s Financial Lives Survey (2022) to compare how UK adults’ product holdings, finances and experiences have changed over the previous five year period.
The report highlights the financial pressures facing UK consumers and the need for innovation to enable the credit market to support those under increasing financial pressure.
77% (40.9m) of UK adults felt that the burden of keeping up with their domestic bills and credit commitments had increased
70% (37.1m) had seen their financial situations worsen
71% (36.9m) either had no disposable income (15%) or had seen their disposable income decrease (56%)
29% (15.3m) had seen their unsecured debt increase
Introducing our Affordability Engine
Explainable and accurate affordability assessments are more important than ever. With our Affordability Engine, you can harness a explainable, stable, and innovative model for more accurate, cost effective and proportionate decisions to complement your current approach.
Other affordability solutions
Incomplete picture of an individual’s income and non-discretionary expenditure
Inaccurate processes leading to compliance risk
Challenges to categorisation accuracy and conversion drop off with Open Banking
Delays that can damage customer experience
Infact’s Affordability Engine
Predicted essential and non-essential expenditure
Model can factor in application amount, payments and any other known repayments
Leverages historical declared income, expenditure and Open Finance verified data
Suggested and adjustable thresholds for affordability assessments
scenario
Other affordability assessments don’t cut it
Traditional approaches to assessing affordability are incomplete and add friction to the consumer journey. To automate affordability, lenders are forced to rely on self-declared income, Open Banking, Current Account Turnover Data (CATO) and ONS expenditure estimates. Our Affordability Engine can be a standalone service but also helps you make the most of your existing affordability tools.
establishing a baseline prediction
Predicted Income and Expenditure
With our Affordability Engine, you can personalise a prediction to make more accurate, cost effective and proportionate decisions. Our affordability features reduce friction in originations journey and in life management.
The future of affordability
Creating a more personalised view of affordability
Our unique ability to incorporate an application amount, payments and other credit payments into our prediction enables us to build a more personalised, timely picture of affordability.
Built for digital and embedded lending
Improve customer experience, avoid missed opportunity
Improve conversion rates and increase responsible lending with our Affordability Engine triaging customers at the top of funnel without introducing additional friction. Identify low-risk individuals while also streamlining the identification of higher-risk individuals for more thorough affordability assessments.
Where we can help
Proof of
value analysis
Assess potential performance uplift and calibrate thresholds so you can start with a more effective scorecard.
Collaborative approach to building scorecards
We collaboratively support conversion and risk optimization through exploratory data analysis to aid your decision-making.
Co-innovate
with us
Join us in co-innovation to enhance your lending performance with our collaborative, personable team.
Improving the entire customer lifecycle
Learn how Affordability Engine can help you gain a clearer picture on a consumers creditworthiness.
use case
Originations
Streamline your origination process with our affordability solution to boost conversions and promote responsible lending to more non-prime individuals.
use case
Customer management
Continually monitor your customers and identify new lending opportunities in your portfolio with our seamless affordability and event-driven notifications.
Real-time data for modern credit
Join us on our mission to innovate in the UK credit information market and take the next step in exploring our next-generation solutions for consumer credit decisioning.
Developer portal
Request access to our API documentation and Quick Start guides.
Speak to sales
Explore how our innovative products can help with our team of experts.
Follow our journey
Stay up to date with our progress as we disrupt the UK credit information market.