LendProtect has built both a comprehensive and ever increasing database of loan performance results of under-banked consumers in the UK. The data is updated either in real time or via nightly batch updates. Based on extensive studies previous loan performance stands alone as the single greatest predictor of future behavior within the online Payday arena which is invaluable for any lender operating in this space.

Ensures that all potential applicants are searched against various sanctions databases including, Office of Foreign Assets Control, Bank of England, European Union, Central Intelligence Agency (CIA) and PEP (Politically Exposed Persons) Intelligence.

Instantly calculates the distance between the location the consumer is accessing the web, home address, and work address to utilize as a risk factor. In addition, IP addresses can often provide insight as to a consumer’s place of employment along with other potential risk indicators.

LendProtect’s identity verification service utilizing unique consumer data in order to validate a consumer’s identity. Incorporating data such as Forename and Surname, Electoral Roll, National Insurance Number, Phone Record Data, Property Data, Date of Birth, Mortality Data and Postal Address Verification allows for a comprehensive authentication that consumer’s identity is valid.

Enables you to access real-time status on a consumer’s bank account confirming the sort code and account number, name of bank and bank branch. We access bank reported data to confirm whether that particular bank account belongs to that individual consumer by name, address, and Date of Birth. In addition we also return data on whether the bank account supports BACS, CHAPS or Faster Payments.

Looks at the relationship between the consumer, their bank account, and their debit card by analyzing various data sets. The service also determines the card payment type; credit, debit or a pre-paid card and provides you with both the issuing banks name and origin. We then return a confidence score highlighting the probability the three elements are linked and a positive transaction is likely.

Allows you to confirm whether the debit card being supplied is valid and is matched with the consumer name. By pre-authorizing £1 we can confirm both the card is valid and there is money available in the account or not, at the time of the transaction.