Product Suite Technical & Commercial Details Page - 2 DirectID Product Suite Technical & Commercial Details Introduction Make evidence-based decisions, fast. Connect to your customer’s data with zero integration and instant insights, allowing you to focus on understanding your customers, instead of building new products or understanding data sets and complex APIs. Our end-to-end data and insights suite connects to consumers, effortlessly gathers data, automatically categorises transactions, presents APIs and provides insights on consumer financial behaviours - all in seconds. Page - 3 DirectID Product Suite Technical & Commercial Details Our end-to-end bank data suite. Connect Data API Insights Embed our data consent and access A single API integration to access over Our advanced visual dashboard allows widget to transform your customer 11,000 open banking and bank data you to view and use financial data for onboarding and increase conversion connections via dozens of countries. real-time decisions in seconds. rates. Income Bank Account Categorisation Verification Verification Engine Verify income for any customer with Quickly and simply verify bank account Automated categorisation of RAW a bank account whilst removing fraud details of customers to identify transactional data from thousands of and reliance on thin or outdated credit fraudsters and reduce risk. banks providing insights in seconds. files. Page - 4 DirectID Product Suite Technical & Commercial Details Connect Start using bank data Increase customer Transform customer onboarding, reduce fraud and increase conversion rates in days conversion Whether you use our zero-integration hosted Remove paper statements and digital solution, or want to embed our widget into PDFs over emails from the equation. Use you existing process, you can setup DirectID connect to let customers provide financial Connect in days. data in a few clicks. Modernise customer Reduce application experience fraud Create a modern digital experience for your Don’t risk fraud from paper or PDF business with our widget giving you the edge applications. Let customers consent to over competitors no matter your business direct bank data being provided so you goals. can make confident decisions. Make applications Offer mobile friendly simple process With our widgets global leading UX design Whether users are using your app, you’ll provide the best and easiest consumer website, or mobile website, our widget experience to increase your conversion. will make your process seamless as it scales to optimise by screen size. Page - 5 DirectID Product Suite Technical & Commercial Details Data API Direct Bank Super-Aggregator Of Over 11,000 global bank connections through a single unified API integration. Connections Global Connections We are constantly integrating directly with We are a super-aggregator of bank data banks across the globe to provide you high connections across the globe, integrating quality, low latency data request. From direct with other regional providers to give you Open Banking connections in the UK to direct global coverage under one service. We integrations with FDX banks in the US and are constantly working to expand our beyond. integrations for our customers. One Time or Ongoing Breadth of Data Access to Data Available Businesses can easily choose to access a Account Details; Balances; Transaction one-off snap shot of their customers data, or Details; Transaction Credits; Transaction receive ongoing bank data. Debits; Transaction Categories; and Transaction Classifications. Up to 12 Months Lightning Fast Transactional Data Data Retrieval Access 90 to 365 days of bank data for With direct connections to bank accounts more informed decisions and reduced risk across the globe, our products provide of fraudulent manipulation of customer incredibly quick data retrieval giving you finances. actionable data in seconds. Page - 6 DirectID Product Suite Technical & Commercial Details Insights 10+ Instant Visual DirectID Digital View, understand, and use financial data to make real-time decisions in seconds. Reports Statements With lighting fast data retrieval and Statements that mirror the same automated categorisation, our solutions transactions covered in a traditional bank instantly provide your assessors 10+ reports statement, including quick filters. of insights into any customer. Zero-Integration Gambling and Loan Solutions Insights We provide an end-to-end data solution that We categorise prominent risk allow you to use data to make real decisions transactions to provide insights into a in a matter of days, with no IT resources. consumers gambling habits. Standing Order and Bank Account Direct Debit Insights Details Explore a consumers risk profile by taking View applicant account information such a closer look at their monthly committed as Customer Account Number; Sort spend. Code; and Account Currency details. Page - 7 DirectID Product Suite Technical & Commercial Details Performance Software for Lending Clarity Identity Checks Perform bank account validation checks to confirm identity, and then go beyond basic checks to truly understand customers through our financial insights. Affordability Assessments Automated transaction categorisation, instant insights and income verification for any customer with a bank account, all allows for more informed affordability assessments. Credit Risk Management Don’t rely on aged credit data and self-asserted income. Our real-time data insights supplement credit bureau reports to enable smarter credit risk underwriting. Page - 8 DirectID Product Suite Technical & Commercial Details Income Verification 6 Unique Verification Income Stability Verify income for any customer with a bank account whilst removing fraud. Algorithms Indicator Six unique income modelling algorithms are Ensure the stability of a customers applied against raw bank data to make up our income with our indicators, assessing up next generation model. to 365 days of income. Income Variance Multiple Income Indicators Support Easily view variance in salary with multiple Visibility of incomes from multiple indicators allowing you to make quick and sources, going beyond the ever confident decisions. increasing minority of applicants receiving basic salaries. Benefits Income Income Line Support Filtering View an applicants income from benefits Our inbuilt filtering tools allow your alongside other income sources, and business to easily view scores for each determine if you wish to consider this in your income source and determine which are decisions. used for assessments. Page - 9 DirectID Product Suite Technical & Commercial Details Bank Account Verification Customer Asserted Data Detailed Verification Quickly verify bank account details to Responses identify fraudsters and reduce risk. vs. Bank Data Check We use direct bank data access to check When a verification response is returned if the name and account details provided we are sure to provide you with detailed to you match the bank’s records. information on success of fail. Rapid Verification Asserted Name Responses Check Errors Due to our advanced Azure serviced Responses are provided for successful backend, we can provide rapid name checks and for specific name check verification responses to all customers. failures. Asserted Account Verification Request Information Check Errors Errors Responses are provided for successful Responses are provided for successful checks or for which part of the asserted calls to check an account, or for reasons account information failed. why account verification was unable to be processed. Page - 10 DirectID Product Suite Technical & Commercial Details Categorisation Engine 70+ Transaction 10+ Category Automated categorisation of RAW transactional data from thousands of banks. Categories Assessment Buckets Data on all transactions sorted into 70+ Data on all transactions classed into specific categories allowing for in-depth 10+ category buckets, for easy use in data investigation. decisioning and quick views of cash-flow 10+ Payment Up To 90% Classifications Accuracy Data on all transactions classed into 10+ Up to 90% accuracy and coverage on payment mechanisms based on how it all transactions passed through our was received or spent. categorisation engine Continuous Accuracy Data Processed Optimisation In Seconds We use machine learning to continuously Transactions are categorised and qualify data sets and improve the returned in seconds, allowing for instant accuracy of our engine. data insights. Page - 11 DirectID Product Suite Technical & Commercial Details Lending Solutions Through Bank Data Seamless Onboarding Deliver improved onboarding experiences without increasing risk by using our simple Connect widget, and instant insights and calculated income figures. Enhanced Collections Create more informed collections programmes and better customer experiences with direct data insights into a consumer’s financial status. Operational Efficiency Operational teams spend less time on the phone to customers, assessors to spend less time analysing documents, and credit risk officers to spend less time investigating potential fraud. Page - 12 DirectID Product Suite Technical & Commercial Details Technical Product Details BANK DATA COVERAGE PRODUCT INFORMATION UK Banks connected Bank Widget detail (DirectID Connect) Customer Reporting provided • CMA9 - Allied Irish Bank, Bank of Scotland, • Applicants can share bank data in minutes • Conversion tracking and reporting Barclays, Bank of Ireland, Danske Bank,