DataX is an alternative data provider offering premier financial management solutions to lenders through a suite of advanced products focused on mitigating risk. It provides a comprehensive suite of real-time credit reporting, data verification, and authentication services that benefit financial service providers
SparkLMS integrates with the best breed of third-party solutions in the Lending Eco-system to run a lending portfolio easily and profitably. DataX + SparkLMS integration will allow lenders to score their leads in real-time to mitigate risk and to make informed decisions prior to lending a customer.
What it does
With this integration, lenders will be able to
- A complete multi-dimensional view of your customer
- Crucial intelligence to identify high, moderate, and low risk consumers
- Valuable insight on thin file and no file consumers
- Identify verification of a customer
- Assess credit worthiness of a customer
- Obtain Risk assessment and score
- Perform Bank Account Verification
- Isolate Fraudulent Activity to gain insight on customers
Benefits
- Prevent fraudulent applicants
- Ability to approve more while spending less
- Lower consumer acquisition costs
- Flexibility and customization options
- Real-time decisioning to maximize performance
Pre-requisites
After on-boarding your lending portfolio on SparkLMS, you must set-up an account with DataX. We will guide you through the entire process of setting-up Clarity in your instance of SparkLMS.