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  • Customer Intake
  • Model Building
  • Data Dividends

Data Products

  • KYC Certificate
  • KYB Certificate
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  • Known Bad Actor List
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  • Query API
  • Index Microservice
  • Furnish API
  • Collect SDK
  • Documentation
NewsWhy 100+ community banks backed SOLO

BY INDUSTRY

  • Fintechs
  • Sponsor Banks
  • Banks
  • AI Builders

BY USE CASE

  • Identity Verification
  • Fraud Prevention / BSA & AML
  • Financial Assessment
  • Ongoing Monitoring

Customer story

The Conversion Scorecard: How SOLO Optimizes Conversion Across the Industry

Output:Pre-Filled UISteps Skipped

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Georgina M.Founder & CEO

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How SOLO works

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SOLO’s Open Banking Network

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Data P&L

See what your data actually costs. And what it could return.

Most institutions manage vendors, contracts, and workflows. Not data as an asset. SOLO gives you the financial statements to change that.

Governance that pays back.

Request your institution's Data P&L.

  • Request your P&L
  • Customer Intake
  • Data Dividends
  • Model Building
  • Query API
  • Index Microservice
  • Collect SDK
  • Furnish API
  • Documentation
  • Company
  • Blog
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  • KYC Certificates
  • KYB Certificates
  • Confirmed Fraud Attributes List
  • Known Bad Actor List
  • Fintechs
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  • AI Builders
  • Account Opening & Onboarding
  • Fraud Prevention / BSA & AML
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$0.00

average saved per application

When completed verifications are reused from the network, onboarding costs drop before bad actors ever reach the funnel.

$0M

annual revenue from governed fraud data

What three smaller banks generated using standardized consortium protocols, before broader dividend income is counted.

0%

AI model revenue returned 
to data providers

When your governed data is reused downstream, a quarter of that revenue comes back to the institutions that furnished it.

Every institution in SOLO is both a data consumer and a data provider. The same data that costs you to collect can generate returns when reused.

Build your own

Explore your data financials.

Select your institution's profile:

Conversion Lift by Financial Product

When SOLO supplies a verification that would otherwise require document submission or manual review, more applicants complete the process. The delta is the conversion improvement at each step; the revenue lift is the dollar value of those incremental completions based on customer lifetime value.

Financial Product
Current step conversion rate
Post SOLO step conversion rate
Delta
Conversion-driven revenue lift
Auto Lending
$11.1M
KYC / Identity
Current step conversion rate87.4%
Post SOLO step conversion rate91.8%
Delta+4.37 pp
Conversion-driven revenue lift$10.8M
Fraud
Current step conversion rate94.1%
Post SOLO step conversion rate94.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate98.0%
Post SOLO step conversion rate98.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate55.0%
Post SOLO step conversion rate55.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$291K
Banking
Current step conversion rate86.5%
Post SOLO step conversion rate88.2%
Delta+1.73 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
Business Credit Card
$11.1M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Business Deposits
$13.0M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Commercial Lending
$5.5M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Consumer Credit Card
$69.7M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Consumer Deposits
$10.7M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Residential Mortgage
$20.6M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Payments / Merchant
$51.7M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Small Business Lending
$9.1M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Wealth / Advisory
$21.5M
KYC / Identity
Current step conversion rate85.6%
Post SOLO step conversion rate89.8%
Delta+4.28 pp
Conversion-driven revenue lift$12.3M
Fraud
Current step conversion rate93.1%
Post SOLO step conversion rate93.1%
Delta—
Conversion-driven revenue lift—
AML
Current step conversion rate97.0%
Post SOLO step conversion rate97.0%
Delta—
Conversion-driven revenue lift—
Credit Bureau
Current step conversion rate60.0%
Post SOLO step conversion rate60.0%
Delta—
Conversion-driven revenue lift—
Income / Employment
Current step conversion rate66.0%
Post SOLO step conversion rate68.0%
Delta+1.98 pp
Conversion-driven revenue lift$315K
Banking
Current step conversion rate84.6%
Post SOLO step conversion rate86.3%
Delta+1.69 pp
Conversion-driven revenue lift—
Open Banking
Current step conversion rate—
Post SOLO step conversion rate—
Delta—
Conversion-driven revenue lift—
KYB
Current step conversion rate74.0%
Post SOLO step conversion rate75.4%
Delta+1.48 pp
Conversion-driven revenue lift$483K
Net New Revenue
Current step conversion rate
Post SOLO step conversion rate
Delta
Conversion-driven revenue lift$240.0M

Data Spend by Financial Product

Post-SOLO data spend across your institution's full lifecycle. Savings come from routing verification queries through the SOLO Network instead of purchasing fresh vendor pulls. Per-application cost shows the unit economics at each verification step.

Financial Product
Post SOLO data cost delta (per query)
Post SOLO data cost delta (per application)
Post SOLO data cost (aggregate)
Auto Lending
$11.1M
KYC / Identity
Post SOLO data cost delta (per query)87.4%
Post SOLO data cost delta (per application)91.8%
+4.37 pp
Post SOLO data cost (aggregate)$10.8M
Fraud
Post SOLO data cost delta (per query)94.1%
Post SOLO data cost delta (per application)94.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)98.0%
Post SOLO data cost delta (per application)98.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)55.0%
Post SOLO data cost delta (per application)55.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$291K
Banking
Post SOLO data cost delta (per query)86.5%
Post SOLO data cost delta (per application)88.2%
+1.73 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
Business Credit Card
$11.1M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Business Deposits
$13.0M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Commercial Lending
$5.5M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Consumer Credit Card
$69.7M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Consumer Deposits
$10.7M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Residential Mortgage
$20.6M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Payments / Merchant
$51.7M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Small Business Lending
$9.1M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Wealth / Advisory
$21.5M
KYC / Identity
Post SOLO data cost delta (per query)85.6%
Post SOLO data cost delta (per application)89.8%
+4.28 pp
Post SOLO data cost (aggregate)$12.3M
Fraud
Post SOLO data cost delta (per query)93.1%
Post SOLO data cost delta (per application)93.1%
—
Post SOLO data cost (aggregate)—
AML
Post SOLO data cost delta (per query)97.0%
Post SOLO data cost delta (per application)97.0%
—
Post SOLO data cost (aggregate)—
Credit Bureau
Post SOLO data cost delta (per query)60.0%
Post SOLO data cost delta (per application)60.0%
—
Post SOLO data cost (aggregate)—
Income / Employment
Post SOLO data cost delta (per query)66.0%
Post SOLO data cost delta (per application)68.0%
+1.98 pp
Post SOLO data cost (aggregate)$315K
Banking
Post SOLO data cost delta (per query)84.6%
Post SOLO data cost delta (per application)86.3%
+1.69 pp
Post SOLO data cost (aggregate)—
Open Banking
Post SOLO data cost delta (per query)—
Post SOLO data cost delta (per application)—
—
Post SOLO data cost (aggregate)—
KYB
Post SOLO data cost delta (per query)74.0%
Post SOLO data cost delta (per application)75.4%
+1.48 pp
Post SOLO data cost (aggregate)$483K
Net Data Cost Impact
Post SOLO data cost delta (per query)
Post SOLO data cost delta (per application)
Post SOLO data cost (aggregate)$240.0M

From cost center to revenue driver.

BanksAccount Opening & Onboarding

Conversion Improvements on Consumer Onboarding

Read full story

Before solo

  • High data spend
  • Low reuse
  • Repeated collection

after solo

  • Reduced costs
  • Faster onboarding
  • New revenue from furnished data

Products

  • Customer Intake
  • Data Dividends
  • Model Building

Platform

  • Query API
  • Index Microservice
  • Collect SDK
  • Furnish API
  • Documentation

Resources

  • Company
  • Blog
  • Templates

Templates

  • KYC Certificates
  • KYB Certificates
  • Confirmed Fraud Attributes List
  • Known Bad Actor List

Solutions

  • Fintechs
  • Sponsor Banks
  • Banks
  • AI Builders
  • Account Opening & Onboarding
  • Fraud Prevention / BSA & AML
  • Financial Assessment

Legal

  • Terms of Service
  • Privacy Policy
  • Trust Center

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