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THE PROBLEM
In many areas of the economy, risk assessment is an integral part of the activity. Banks, non-bank financial institutions, insurance companies, commodity lending companies, telecommunications companies, landlords and lessors, collection companies, personal finance management companies and audit companies base their decisions on a daily basis risk assessment.
THE SOLUTION
Open Banking helps by providing automatic access to bank account information, which allows for data analysis to outline user profiles and provide more personalised products. Optimises processes and reduces costs.
PRODUCTS AND BENEFITS
Through Open banking a complete financial view of the client or the contractual partner is possible. This helps reduce the risk of non-payment.
It is possible to make a complete and simple structured reliable credit check in real time.
You can easily create a comprehensive list of all actions on the account - receipts, withdrawals, purchases, etc.
Reduced risk of loan default by categorizing all critical actions on the account, in particular repayment and debt collection payments.
Thanks to Open Banking, risk analysts can anticipate and prevent risks, using better data and innovative technologies as efficiently as possible.
Reduced costs
Seamless integration
Real-time payments
Reduce online fraud
Fully digital experience
Direct checkout
Improved reporting
Reduced costs
No fees for unsuccessful and failed transactions
THEY TRUSTED OUR SOLUTION
The partnership with IRIS Solutions allowed us quickly and efficiently implement Open banking solutions and increase the satisfaction of our customers when using the mobile banking app - DSK Smart. By aggrеgating all their bank accounts in one place, they gain time, convenience and a unique customer experience. And for us, this means more satisfied customers and new opportunities for development.
Radka Papazova
Head of electronic banking and social media
DSK Bank - ОТР Group
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