INCOME VERIFICATION
FEATURES
SprintHive’s Income Verification (InV)is built on the latest enterprise cloud technologies. Enabled by sophisticated data science, the solution determines your customer’s income in seconds. Its flexibility and accuracy allows new document types and formats to be added in minutes and processed immediately. Our solution provides bi-modal automation with integration to manual processing.
INCOME VERIFICATION
SOLUTIONS
SprintHive’s Income Verification (InV)is built on the latest enterprise cloud technologies. Enabled by sophisticated data science, the solution determines your customer’s income in seconds. Its flexibility and accuracy allows new document types and formats to be added in minutes and processed immediately. Our solution provides bi-modal automation with integration to manual processing.
THIRD PARTY DATA SOURCES
Trusted sources of customer financial records such as Yodlee, TruID, The Document Exchange Association (DEA) and Comcorp IVX are integrated, allowing acquisition of fully-trusted data while minimizing customer friction
API
Your system send customer permission for access to third-party data sources and uploads documents to the SprintHive INV API for processing. Results are used for automated decisioning and fraud analysis, an ideal complement to digital onboarding solutions.
BANK STATEMENTS, PAYSLIPS & OTHER PDFs
All major bank statements and all other PDFs are supported, including payslips, proposals, termination and paid-up letters.
EMAIL MAILBOXES
SprintHive INV monitors your mailboxes and processes customer documents are they arrive. Your customers can forward documents from their banks and employers directly from their devices or ATMs.
THIRD PARTY DATA SOURCES
Trusted sources of customer financial records such as Yodlee, TruID, The Document Exchange Association (DEA) and Comcorp IVX are integrated, allowing acquisition of fully-trusted data while minimizing customer friction
BANK STATEMENTS, PAYSLIPS & OTHER PDFs
All major bank statements and all other PDFs are supported, including payslips, proposals, termination and paid-up letters.
API
Your system send customer permission for access to third-party data sources and uploads documents to the SprintHive INV API for processing. Results are used for automated decisioning and fraud analysis, an ideal complement to digital onboarding solutions.
EMAIL MAILBOXES
SprintHive INV monitors your mailboxes and processes customer documents are they arrive. Your customers can forward documents from their banks and employers directly from their devices or ATMs.
| Transaction Collation Income Detection Business Rules Enforcement |  |
| OCR& Data Extraction OCR Error Correction | |
| Applicant Name Match Check Account Number Match Check Address Extraction | |
| Document Classification Mailbox Management Document Linking | |
| DEA Integration | |
| Document Storage | |
| Fraud Document Tamper Checking | |
| Expense Classification | |
| Failed Debit Order Failed Transaction Detection | |
| 3rd Part Identification | |
| Transaction Type Detection | |
| Agent Console to View All Cases | |
| Transaction Collation Income Detection Business Rules Enforcement | |
| OCR & Data Extraction OCR Error Correction | |
| Applicant Name Match Check Account Number Match Check Address Extraction | |
| Document Classification Mailbox Management Document Linking | |
| DEA Integration | |
| Document Storage | |
| Fraud Document Tamper Checking | |
| Expense Classification | |
| Failed Debit Order Failed Transaction Detection | |
| 3rd Part Identification | |
| Transaction Type Detection | |
| Agent Console to View All Cases | |
AUTOMATED PROCESSING
Income is automatically determined by the acquired transactional data, and routing the customer to a manual income assessment is an absolute last resort. In order to minimise processing time, the agent is presented with the documents in an efficient, user-friendly interface.
Income is determined by using advanced statistical and AI methods that analyse the period for likely income transactions, which drastically reduces the risk of agent error or fraud. The calculated income is then assigned a statistical confidence score, and businesses can choose the threshold hurdle that this score needs to clear, in line with its risk appetite.
WHAT WE OFFER
At SprintHive, we partner with our clients to achieve their digital goals. By delivering and refining our innovative software to remove friction and pave the way for amazing customer experiences.
Automated INCOME ASSESSMENT
Faster, Accurate Processing
TRUSTED DATA SOURCES
Frictionless Customer Experience
Digital automation
60-80% Lower costs to on-board
ALL Document types
Any PDF Reflecting Income
BPO CALL CENTER
SprintHive handles your manual KYC processing
FEE ON SUCCESS
Only pay for successfully processed KYC
EASY-TO-USE INTERFACE
Manual assessment of exceptional cases
WHAT WE OFFER
At SprintHive, we partner with our clients to achieve their digital goals. By delivering and refining our innovative software to remove friction and pave the way for amazing customer experiences.
Automated INCOME ASSESSMENT
Faster, Accurate Processing
Trusted Data sources
Frictionless Customer Experience
Digital automation
60-80% Lower costs to on-board
ALL Document types
Any PDF Reflecting Income
BPO CALL CENTER
SprintHive handles your manual KYC processing
FEE ON SUCCESS
Only pay for successfully processed KYC
EASY-TO-USE INTERFACE
Manual assessment of exceptional cases