4.69.13 - Electronic Bank Statements
2023-12-10
Mobiloan has introduced an innovative feature that allows for the seamless import of a client's bank statements directly from their bank. This guide outlines the process to utilize this functionality.
Integration Partner
Gathr Bank Statements (Finch Technologies)- Our third party integration partner enabling this functionality.
Step-by-Step Guide
Initiate Import: During the loan origination process, select the "Import Bank Statements" option when you reach the affordability assessment step.
Authorization: The client will then be prompted to authorize the import of their bank statement. This can be done through a USSD code or directly via their banking app, ensuring a secure process.
Retrieval: Once authorized, Mobiloan will automatically retrieve the bank statement from the client's bank. This process reduces the need for manual data entry and minimizes the risk of errors.
Benefits
Efficient Affordability Assessment: Accelerate your loan processing by having instant access to the client's bank data.
Accuracy in Data: Avoid manual data entry mistakes and always work with the most current financial information.
Enhanced Client Experience: Make the loan application process smoother and more convenient for your clients through an easy and secure authorization process for sharing their bank statements.
More Information
For a more detailed explanation and step-by-step instructions, select the link below
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