EDGE Income Verification

Gain a full view of members’ financial health with EDGE!

EDGE is a consumer reporting agency based on open banking data, and gives credit unions the complete financial picture of their members.

EDGE enables credit unions to use their own data to get at-a-glance summaries of data such as total income and indebtedness (including BNPL), enabling credit unions to effectively balance risk and tailor offers to meet members’ specific needs. With this product, credit unions can reinforce their reputation as transparent, member-focused organizations and offer better member care.

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• Get more real-time approvals by validating under-writable pay streams automatically. Not only can you improve your competitive speed, you can provide a better member experience and reduce abandonment with fewer stipulations.

• Provide more personalized member care. With cashflow analytics, you can offer services better tailored for members’ specific situation and needs, such as more relevant offers and risk-appropriate loan terms. In addition, with a complete financial picture, you can be more consultative with members, such as arranging payment structures schedules that are most likely to be successful for the member.

• Approve more applications and optimize offers! EDGE cashflow analytics gives a more vivid picture of your members. This helps you make better rate and risk decisions, opening opportunities to be more inclusive, such as to lend to no-hit and thin-file applicants.

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