Third Party Integration with Chirp

What is Chirp Bank Verification?

Chirp is premium service offering Instant Bank Verification and Account Notifications for lenders to mitigate their risk by connecting users bank accounts, providing financial insights and credit risk intelligence.

With real-time access to over 15,000 financial institutions, Chirp empowers lenders to accurately and efficiently make lending decisions for improved profitability.

Chirp's customized account notifications alerts when rightly automated boosts collection attempts and enhances marketing efforts.

Regardless of whether used by an online lender or lending from stores, Chirp allows to quickly, easily and securely connect customer’s financial data.

---

SparkLMS integrates with the best breed of third-party solutions in the Lending Eco-system to run your lending portfolio easily and profitably. Chirp  + SparkLMS integration allows lenders to verify and instantly access customers’ Financial Data and to automate financial data verification process.

What it does

With this integration, lenders will be able to perform

• Account Ownership
• Income Verification
• Transaction History and Categorization
• Electronic Transfer Details (institution, routing, and account)
• Instant Deposit Alert
• Instant Balance Alert
• Account Closure Alert

Benefits

• Reduces fraud by verifying the recipient's bank account prior to funding
• Reduces delinquency by informed decisioning based on customer’s financial data
• Attempt payment from customers in collection based on balance alerts
• Run marketing campaigns based on low balance alert

Pre-requisites

Chirp is fully integrated with SparkLMS. After on-boarding, we will help you set-up an account with Chirp  so that you can start using Chirp right away!