Take this quick quiz to find out if you're truly making the most of your user’s financial data.
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How does your system handle financial data collection?
a) We rely only on one method (e.g., Account Aggregators or document uploads)
b) We offer multiple ways but struggle with low conversion
c) We have a seamless fallback mechanism for better user coverage
What happens if a user’s bank doesn’t support Account Aggregator (AA) yet?
a) They drop off, and we lose a potential customer
b) We ask them to upload documents, but processing is slow
c) We provide both AA and document upload options, ensuring seamless conversion
How quickly does your system return a decision during the customer journey?
a) Hours or days – our team manually reviews it
b) A few minutes – but STP is bad so we still need manual verification
c) Instantly – automated analysis with fraud detection
How does your system handle scanned or image-based bank statements and different statement formats?
a) It fails to process them, leading to user drop-offs
b) We rely on manual efforts to extract data, which is slow and costly
c) Our system seamlessly processes scanned PDFs, multiple templates, and detects tampering automatically
What’s your biggest challenge with financial data analysis today?
a) High drop-offs due to a complicated process
b) Expensive manual operations and slow turnaround
c) We’ve optimized it, but always looking to improve
How do you verify a user’s income from bank statements or Account Aggregator data?
a) We manually review and analyze the statements
b) We use basic OCR tools, but accuracy is a challenge
c) Our system automates income validation with high accuracy and fraud detection
Have you explored alternative solutions for financial data processing?
a) Yes, and we are actively looking for a better solution
b) Yes, but switching seems complex and time-consuming
c) No, we’re comfortable with our current process
What’s stopping you from upgrading your financial data processing system?
a) We’re not sure if another solution will be better
b) Integration and transition seem like a hassle
c) We’re open to switching if it improves efficiency and reduces cost
High Risk – Time for a Rethink
Your current process is likely causing significant inefficiencies, drop-offs, and potential fraud risks. You may be relying heavily on manual efforts or outdated tech, which could be costing you time, money, and lost customers. It’s worth exploring how automation and better data intelligence can improve your workflow.
Curious about what a fully optimized process looks like?
