Lending, Data 5 min read
Expand approvals with cash flow underwriting: How lenders can grow with Prism Data and Taktile
Credit underwriting is undergoing a fundamental shift, and lenders are increasingly turning to real-time cash flow data to make smarter decisions.
But unlocking the value of cash flow data has historically come with trade-offs: fragmented workflows, heavy engineering lift, messy data, and limited transparency for non-technical teams.
By integrating Prism Data’s cash flow underwriting solutions into Taktile’s AI Decision Platform, credit teams can easily incorporate powerful cash flow scores and attributes into their decisioning process – enabling higher approval rates, lower losses, and more inclusive credit access.
Key takeaways
- Cash flow underwriting made simple: Taktile and Prism Data now offer an integrated solution that brings predictive cash flow insights directly into the credit decision-making process – all within a single platform.
- Orthogonal and predictive financial data: Prism Data’s suite of cash flow underwriting products – including the market-leading CashScoreⓇ and Insights attributes – produce significant incremental predictive power beyond conventional credit data, mitigate fraud, and enable automated income assessments in real-time.
- No-code access, full control: Credit and risk teams can design, test, and deploy data-rich decision logic without engineering support, using Taktile’s intuitive, no-code platform.
- Accelerated decision-making, smarter credit: Together, Taktile and Prism Data equip lenders to implement and iterate on cash flow underwriting strategies quickly, reducing default rates, expanding approvals, and improving results.
Combining Prism Data and Taktile to approve more good borrowers without added risk
Taktile serves as the central hub for risk and credit teams to build and optimize decision strategies.
With Prism Data’s cash flow data scores and attributes now accessible directly within Taktile’s AI Decision Platform, users can access CashScoreⓇ, a turnkey cash flow underwriting solution, or incorporate thousands of trended cash flow attributes, from income stability to spending behaviors, into the decision flows they’re already managing in Taktile. They can also use Prism’s Income solution to easily estimate annual income, validate earnings beyond traditional paychecks, and predict when income will be next received.
It’s a unified solution that empowers lenders to:
- Approve more good borrowers, especially in underserved segments
- Reduce default rates by incorporating real-time financial behavior
A deeper dive into how Prism Data and Taktile enable smarter, data-driven lending decisions
The integration empowers consumer and SMB credit teams across the credit spectrum, in verticals spanning credit cards, installment loans, auto loans, point-of-sale financing, BNPL, banks, and more, to design, deploy, and monitor more predictive decision logic end-to-end.
Here’s what becomes possible when Taktile and Prism Data work together:
- Predictive cash flow data at scale: Access CashScoreⓇ and Insights, a library of thousands of normalized variables, including income trends, savings patterns, financial obligations, and behavioral indicators.
- Improved model fairness and inclusion: Leverage data that reflects a fuller financial picture and real-time financial behavior rather than static credit histories, helping teams to serve segments historically excluded by traditional scores.
- Full lifecycle deployment: Implement cash flow underwriting logic from start to finish within a single interface. Risk teams can build decision flows, test scenarios, analyze results, and iterate directly within Taktile.
- Empowered non-technical teams: With Taktile’s no-code/low-code Decision Platform, non-technical risk and credit professionals can design, launch, and monitor cash flow-driven policies on their own.
As Taktile’s Head of Product, Thomas Piani, puts it:
“Our integration with Prism Data enables lenders to approve more borrowers safely. It’s a real solution to a real challenge: designing data-driven credit models that are more extensive and more predictive than legacy decision systems, which often lack dynamic financial insights.”
Powering the future of credit underwriting with Prism Data and Taktile
The ability for fintechs and banks to leverage transaction data is quickly becoming table stakes. With Taktile and Prism Data, credit teams can turn complex cash flow insights into actionable decisions—quickly and at scale—to underwrite customers that legacy systems typically underserve.
