A traditional credit check usually takes time and is based on outdated financial data records. This makes it slow, costly, and not fully reliable as results don’t necessarily reflect a customers’ current financial picture.
Tink collects and provides a wealth of real-time financial data, going a step beyond the hard numbers by offering additional insights into spending behaviours. This gives a more holistic picture of a customer’s financial situation, leading to more accurate credit or risk assessments. A quicker process, and with better results.