Solutions by Use Case

More Ways to Say Yes

Confidently approve more applicants using our suite of credit analytics tools

Reach New Consumers

Achieve aggressive growth goals with trusted data

Access to new and reliable financial data enables you to open new consumer segments, offer new products, and create loyal customers for life — all while maintaining your risk profile.

Partners using these solutions

HSBC
American Express

Solutions

International credit data

Credit Passport® gives you access to foreign consumer-permissioned credit data that’s translated to a local equivalent score to serve the 2 million immigrants that arrive in the United States each year and 280 million immigrants worldwide.

Cash flow underwriting

Using Cash Atlas™ on top of your traditional underwriting strategy helps you open new consumer segments with additional risk insights.

Looking to understand how incorporating Cash Atlas™ into your underwriting strategies can impact your business? We’ll help you generate a validation study so you can build the confidence your organization needs to make the shift.

Income verification

Automating your income verification processes with Cash Atlas™ increases applicant conversion rates, reduces the manual intervention needed to review document uploads, and improves visibility into debt-to-income ratio and true income.

Why work with us

75%

less risky than domestic accounts

American Express accounts approved using the Credit Passport® are more than 75% less risky (75% less likely to be 90+ days past due in 12 months) than domestic account holders with prime credit scores.

See our Amex case study

Fair Credit Reporting Act (FCRA) consumer report

Nova Credit accesses consumer-permissioned data through integrations with international credit bureaus and through aggregators of checking and savings account data in the United States. Businesses can approve, decline, and send adverse action notices, while Nova Credit manages disputes. Nova Credit operates as a consumer reporting agency under the FCRA.

Speed to implementation

Our consumer-permissioned risk data can be implemented 9-12 months faster than custom in-house alternatives that require high resourcing costs to build international bureau partnerships, data categorization, or attributes based on bank transaction data.

Data coverage

Nova Credit works with credit bureaus in over a dozen countries, and our data aggregators cover over 90% of U.S. banks. That means our incremental credit risk data comes from the most comprehensive dataset.

Flexible integration options

Our agile infrastructure minimizes consumer friction while you incorporate consumer-permissioned data into your underwriting strategies.

We're able to remove a barrier for the millions of newcomers to the U.S. who arrive each year and instantly lose access to the credit history they built elsewhere.

Daisy Gao | Vice President, Risk Management, Head of US Consumer New Accounts Underwriting

Optimize Funnel Conversion

Lower customer acquisition costs

Minimize acquisition costs by optimizing your funnel conversion rate. Consumer-permissioned data gives you the confidence to approve more of the people that you’ve already attracted to your product offering.

Solutions

Cash flow underwriting

Say yes to more of the consumers in your funnel by layering risk insights from Cash Atlas™ on top of your traditional underwriting strategy.

Looking to learn how Cash Atlas™ can impact your business? We’ll help you generate a validation study so you can build the confidence your organization needs to make the shift.

Income verification

Cash Atlas™ offers a seamless income verification solution that helps increase applicant conversion rates, reduce manual intervention to review document uploads, and improve visibility into debt-to-income ratio and true income.

Why Work with Us

Fair Credit Reporting Act (FCRA) consumer report

Nova Credit accesses consumer-permissioned data through integrations with international credit bureaus and through aggregators of checking and savings account data in the United States. Businesses can approve, decline, and send adverse action notices, while Nova Credit manages disputes. Nova Credit operates as a consumer reporting agency under the FCRA.

Speed to implementation

Our consumer-permissioned risk data can be implemented 9-12 months faster than custom in-house alternatives that require high resourcing costs to build international bureau partnerships, data categorization, or attributes based on bank transaction data.

Proven risk prediction

Leverage a platform that’s purpose-built for credit risk decisioning. Consumer-permissioned data provides rich, reliable insights on consumers who don’t have traditional credit history in the U.S.

Flexible integration options

Our agile infrastructure minimizes consumer friction while you incorporate consumer-permissioned data into your underwriting strategies.

When we learned about Nova Credit’s Cash Atlas™, we were drawn by the product’s ability to help give customers, who are often turned down by prime lenders, a second chance to access the financing they need while improving the company’s risk assessment and prediction.

Bruce Weinstein | CEO of Genesis Financial Solutions

Reduce Portfolio Risk

Protect your business and your customers with holistic risk data

Improving your risk assessment with up-to-date credit risk information can help your business respond to uncertain economic conditions and develop more effective loss avoidance strategies.

Solutions

International credit data

Serve the 2 million immigrants that arrive in the United States each year and 280 million immigrants worldwide. Credit Passport® gives you access to international, consumer-permissioned credit data that’s translated to a local equivalent score to integrate seamlessly into your underwriting strategies.

Cash flow underwriting

Cash Atlas™ reduces portfolio risk by improving risk separation for thick file consumers and assessing risk for up to 88% of credit-invisible consumers in the U.S.

Looking to learn how Cash Atlas™ can impact your business? We’ll help you generate a validation study so you can build the confidence your organization needs to make the shift.

Income verification

Cash Atlas™ improves visibility into debt-to-income ratio and true income so you can make more informed decisions based on consumer affordability.

Why work with us

+5-20%

bad capture rate for consumers across the credit spectrum compared to credit scores alone

Fair Credit Reporting Act (FCRA) consumer report

Nova Credit accesses consumer-permissioned data through integrations from international credit bureaus and through data aggregators for checking and savings account data in the United States. Businesses can approve, decline, and send adverse action notices, while Nova Credit manages disputes. Nova Credit operates as a consumer reporting agency under the FCRA.

Speed to implementation

Our consumer-permissioned risk data can be implemented 9-12 months faster than custom in-house alternatives that require high resourcing costs to build international bureau partnerships, data categorization, or attributes based on bank transaction data.

Proven risk prediction

Our solutions are specifically designed to predict consumer affordability and creditworthiness with risk-based bank data categorization and over 1,000 attributes.

Flexible integration options

Our agile infrastructure minimizes consumer friction while you incorporate consumer-permissioned data into your underwriting strategies.

Automate Income Verification

Create a true picture of income with bank transaction data

Consumer-permissioned bank transaction data provides an efficient and accurate way to confirm an applicant’s income in seconds.

Customers using these solutions

SoFi
Yardi

Why work with us

Multiple ways to collect income data

All-in-one solution to collect bank, payroll, and pay stub data through multiple data aggregators or manual document upload.

Income model

Get a true picture of income with multiple income types, including traditional, gig economy, and alternative income.

Customized Workflows

Create customized consumer experiences using embedded and no-code options and retrieve processed data through role-based dashboard access or an API integration.

90%

of U.S. banks covered

10,000

financial institutions connected

2 minutes

to complete the process

Nova Credit’s income verification tool has delivered excellent, tangible results for our business — higher loan conversion, a shorter time to fund, and ultimately a great member experience because the process is so seamless.

Ratinder Bedi | Chief Credit Officer, SoFi

Let’s Grow Your Business Together

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Webinar On-Demand: Cash Flow is Here: Top use cases helping underwriters today - watch here.