Nov 1, 2024
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SOLO’s credit data platform transforms how customer financials are collected and activated for banks and lenders.
Backed by a network of 100+ community banks, SOLO developed a product for and alongside bankers to drive 40% underwriting cost reduction while improving lifetime value per customer.
The technology features frictionless applications, continuous 360 degree underwriting, and proactive product matching.
Lenders gain instant and constant visibility into a customer’s eligibility for services in house or in their preferred partner network, all from a single seamless application.
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The Process
The SOLO data ingestion platform syncs data from various sources, giving lenders control over data calculations and interpretations to shift the burden of verified financials off the consumer while mitigating the risks of unreliable self-reported information, fostering accuracy and trust in decision-making.
Application
SOLO generates instant financial reports, reducing onboarding hurdles for SMBs that don’t have books up-to-date.
Decision
SOLO standardizes financial calculations across all SMBs, allowing lenders to make faster, more accurate decisions.
Monitor
SOLO provides ongoing portfolio monitoring, allowing real-time adjustments to offerings and credit terms.
Match
SOLO offers lenders ongoing visibility into your clients’ financials, so you can qualify them for additional products before they apply.
Real-Time Benefits
SOLO PULL turns data collection from a tedious process into your competitive advantage.
“I describe three benefits to SOLO. First, it reduces friction with a customer because if you have an automated connection with the source of information, it's less work the customer has to do to send you information.
The second is it frees the lenders up to do what they need to do.
And then the third is, it provides me more actionable and real time insights. I'd say the value is in that order.”
- CFO, Community Bank
Securely stored in SOLO, credit data is formed into a consumer’s real time record of truth. Banks query the data they need, when they need it. Users own their access, free to make credibility their most powerful asset.
Credit Data Infrastructure
The SOLO infrastructure was designed to translate permissioned data into its most meaningful forms. SOLO becomes a shared language of credit, eliminating the back and forth between customer and banker to put all parties on the same page at first introduction.
Data Integrations
Our data integrations enable SMBs to grant read-only, real-time access to their systems of record.
Standardized Reporting
Our autonomous reporting system allows for customizable reports with standardized calculations.
SDK Portal Components
Our front facing components allow bank customers to interact with their data and prompt them for extra input if required.
PRODUCT TOUR
Demo the SOLO PULL Platform
Request a Demo
Book a consult with SOLO for a customized walk through of the platform and its use cases for institutions.
