Most income verification methods used today require trade-offs. Those that are most reliable often don’t provide a smooth user experience. The ones that are user-friendly don’t give businesses the full picture. But with new open banking capabilities, you can instantly and painlessly verify someone’s income in a way that satisfies both your customers’ – and your business’ – needs.
This guide will take you through:
3 key elements to expect of a good income verification process
The most common methods used today, and how they live up to those expectations
How open banking gets you faster and more accurate results, without any trade-offs