Independently tested and audited by external security experts, security is a driving priority. As part of their responsible lending requirements, Savvy conducts checks on applicant credit scores and histories. Gathering and submitting supporting documentation as part of the loan application process was one of Savvy’s major bottlenecks for providing fast finance solutions. The default was from a company I’d never heard of, momentum energy. Privacy Policy; Terms of Use; Security; LinkedIn © Copyright illion Australia Pty Ltd is the owner of illion BankStatements. Lend is in the small business loan market and therefore needs to match the right lender to each prospective client business. You’ll be sent a statement for your personal loan twice a year, in January and July. illion BankStatements has decreased the usual loan processing delay caused by waiting for applicants to provide supporting documentation, as well as eliminated any manual handling for the customer. Save my name, email, and website in this browser for the next time I comment. illion's market-leading BankStatements technology provides a lighting fast, frictionless web-based solution for the retrieval of bank statement data, that boosts conversion rates for lenders and brokers. illion Express provides real time access to company information from the Australian Securities & Investments Commission (ASIC). For any other queries or if you need assistance to log in, please email clientservices@illion.co.nz or phone 0800 733 … The solution has increased our throughput for loan applications and approvals by 30%. After you sign up, you will see your score and details of your credit report so you have a better understanding of how financial institutions and other credit providers see you. BankStatements is a simplified, frictionless solution for customers to make their bank statement data available to lenders using their mobile phone or laptop. It’s great to be working with a company where you can simply pick up the phone and get someone first time, every time.” Shaun McGowan, Co-Founder, Lend. To see available financial statements select the appropriate filter on the document search screen. Your data is encrypted using industry best practices. The customer journey is minimised to four simple steps which have been designed with a frictionless user experience in mind. If you are applying for a loan through your lender or broker and you need to submit your bank statements, please contact your lender or broker directly and request the submission link. ABN 95006399677 In order to greatly increase the efficiency of SocietyOne’s bank statement retrieval and review process, illion provided their digital platform: BankStatements. Specify whether you want to receive your Statements also to your email address; statements will be submitted to the email address that you have provided to illion; Click on "Save Settings" 4: Create a bank statements document. They will ask applicants about their current income, assets, liabilities, and other expenses as an estimate to determine eligibility for the amount requested. Lend decided this process was best executed using a third party. Through integrating BankStatements with Savvy’s loan application portal, customers can instantly submit their bank statements for the requisite three, six, or nine months without using any third-party site or service, substantially increasing throughput and speeding up approvals. Yes, if you use our bank statement service provided by Illion you will input your internet banking details which will allow us read-only access of your bank account. “illion’s BankStatements platform has reduced waiting times dramatically. In order for Lend to do this, they need access to the business owners bank statements. They are constantly working and developing their product, making it bigger and better by listening to those who use it and then helping us understand how to get the most out of it.” Shaun McGowan, Co-Founder, Lend. Leveraging Open Data Solution’s suite of products, businesses can achieve fast, secure and extensive data to aid in lending and verification processes. illion BankStatements is a multi-award-winning technology that provides a lighting fast, frictionless web-based solution for the retrieval of bank statement data, boosting conversion rates for … Ways to check and download your online statements in the CommBank app and NetBank. The customer journey is minimised to four simple steps which have been designed with a frictionless user experience in mind. BankStatements.com.au is a trusted financial data platform used by many of Australia’s largest financial institutions to retrieve customer bank statements in a safe and efficient manner. Reddit is a network of communities based on people's interests. As part of their onboarding process Lend need to reverse engineer a business’ profit and loss statements. The Multi-Bank report consolidates the income and expense analyses from multiple banks into a single report, aggregating and categorising the data to give you a single view of your client's financial standing. A brief demonstration of how BankStatements makes a Broker's life a little easier. After integrating illion BankStatements into their statement retrieval process, Lend has significantly cut the onboarding time. Contact us today. I applied for a CC and was told by my bank I had a default and to contact Illion. illion Express credit reporting service offers you instant access to a range of reports for low, medium and high risk business decisions. illion TenderLink P 0800 698 363 www.illion.tenderlink.com illion BankStatements is a simplified and efficient way of bank statement retrieval. if you would like more information about your subscription to Simple Fund 360 please contact your Account Manager on 1300 654 401. illion TenderLink P 1800 233 533 www.illion.tenderlink.com The journey can be completed on laptops and mobiles quickly and easily, giving consumers the power to remotely grant access to bank statement to their chosen lender or broker. The acquisition follows illion’s purchase of Adelaide-based fintech Proviso, which creates automated bank statements, late last year. The solution has created an effortless path toward completing an application and gaining approval. Your bank details are encrypted in transit and stored securely. The CDR framework will provide substantial benefit to financial services consumers, transforming the way they interact with the banking system by providing the ability and tools to safely share data with different lenders, other financial institutions and fintech companies. Contact us today. Find communities you're interested in, and become part of an online community! Through integrating BankStatements with Savvy’s loan application portal, customers can instantly submit their bank statements for the requisite three, six, or nine months without using any third-party site or service, substantially increasing throughput and speeding up approvals. Go to Settings -> Custom Document Click on "Create New"; enter name, category and description (optional) A demonstration of how BankStatements makes a Broker's life a little easier. They request at least three months of bank statements as supporting evidence of income; which can include mortgage, credit cards and loans statements as well. “Having worked with Luke and the team previously, I knew there was only one choice for us to partner with. illion Digital Tech Solutions P +64 7 838 0705 www.illiondts.com. If you are applying for a loan through your lender or broker and you need to submit your bank statements, please contact your lender or broker directly and request the submission link. The Multi-Bank version provides brokers with a Multi-Bank report with each bank statement retrieval. illion BankStatements is a secure, read-only web-based service that retrieves an applicant’s bank statements from a multitude of institutions and sends the official documents and responsible lending report directly to Bank Australia within seconds, removing any risk of fraud. illion BankStatements provided the solution to Lend’s needs. I looked into it and they don’t even provide electricity in my state! An expert team who are able to invest their resources into focusing on the solution. Please Note: The number of days of historical data provided by each bank is subject to change, but this Help Article will be regularly updated to ensure that it is up to … To remain time efficient they need the bank statements in a standardised format every time. You firstly select your bank from a drop down list, and then enter your online Banking details so your bank statements can be securely retrieved. illion BankStatements is the secure, incredibly easy way to retrieve customer bank statement data in seconds. BankStatements has proved to be a secure and streamlined solution that increases customer satisfaction and sense of security.”. Savvy uses a secure, encrypted loan application portal to facilitate the loan assessment process. illion Open Data Solutions P +61 8 7122 9452. illion Tenancy P 0800 TENANT (0800 836268) www.illiontenancy.co.nz. Some customers who were not comfortable with using Internet Banking experienced considerable delays as they approached their local bank branch to obtain the statements and lodge them to Savvy through the mail. During both online forms, there is a section called “Bank Statements” where we provide our secure online service. By using BankStatements Lend were able to assess a deal in less than 15 minutes compared to the industry standard of 2-3 hours. illion Open Data Solutions P +61 8 7122 9452. illion Tenancy P 0800 TENANT (0800 836268) www.illiontenancy.co.nz. Below is a detailed list of the banks and the accounts which are available through BankStatements Powered by Illion - For further information about this service, please see BankStatements Powered by ILLION.. 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