Income Verification
High-accuracy income verification
Verify your users’ income and financial stability using our machine learning and artificial intelligence-powered models. Increase accuracy in your underwriting processes and reduce risks.
Trusted by the leading financial innovators
Get a new level of visibility on your customers’ income
Enrich your own data
Our product is compatible with transaction and income data from any source, whether you have an existing data set or you access open finance data.
Lending tailored metrics
We offer a wide range of fine-tuned income filters tailored to lending activities. Select applicants that match your credit conditions and increase your approval rate.
Visualize all income streams
Assess your customers’ income from multiple sources (e.g. freelance, rent, salary and more) to get a thorough understanding of their financial health and affordability.
Optimize operational efficiency
Reduce time-consuming processes of manually verifying income and process credit applications much faster.
Accurately understand your users’ financial
stability and ability to pay
Improve credit assessment and approval rates
Gain insights into users’ income stability, spending habits, and overall financial health to better assess creditworthiness, including for no-hits or thin-file credit applicants.
By assessing income from multiple sources, you can provide better credit offers to more applicants with appropriate repayment rates. Increase your credit approval rates by 2% while maintaining the same default risk.
Simplify loan applications and reduce risks
Automating income verification helps lenders to reduce manual tasks and speed up loan approval processes. Easily identify risky behaviors such as unstable or irregular income related to a loan application.
You can process applications faster, based on more income data, and decrease risks and default rates.
How to optimize your credit cycle with income metrics?
Verify income with a new data source
Add an extra source of information to verify the income of Mexican workers with employment data.
Accelerate your credit decision processes and offer tailor-made credit products for consumers with little or no traditional credit history.
Related guides and docs
Learn more about income verification
Check our documentation to start using our product with our API.
Categorize transactional data from any source
Automatically categorize and enrich your own data at scale from any source in just seconds.
Discover in detail the new version features
Filters, new metrics tailored for lenders and more income categories among them.
We can’t wait to hear
what you’re going
to build
Belvo does not grant loans or ask for deposits