Pepe wants a loan to buy his first house. Best Bank wants to verify that Pepe is currently employed and his current monthly and annual salary.
Pepe gives MeasureOne consent to access his current employment and income data and share his current income and employment information with Best Bank.
Pepe provides MeasureOne the necessary credentials to access his income and employment data from a trusted data source. MeasureOne accesses and extracts Pepe’s income and employment data, and uses it to confirm monthly salary, annual salary, and employer’s name.
Alternatively, if Pepe cannot access his data, he uploads his paystubs and provides his bank account credentials. MeasureOne parses Pepe’s pay stubs, accesses and extracts his direct deposit information from his bank, and compares it to his paystubs to confirm monthly salary, annual salary, and employer’s name.
MeasureOne reports Pepe’s salary and employment data to Best Bank.
MeasureOne partners with MeridianLink to bring Consumer-Permissioned Data to the Credit Union market.