ConTe.it Prestiti partners with Tink for seamless loan origination
ConTe.it Prestiti has teamed up with Tink to offer lenders in its network an instant, improved lending application process. A new venture in the credit sector of the Admiral Group Italy, ConTe.it Prestiti has strengthened its customer experience with Tink’s Income Check product. Here’s how it makes affordability assessments more accurate.
Tink and ConTe.it Prestiti have teamed up to improve affordability assessments for ConTe.it Prestiti lenders.
ConTe.it Prestiti is adding Income Check to its customer experience for an instant, improved verification process.
Using Tink’s technology, ConTe.it Prestiti can lend more inclusively, while loan applicants can use face recognition or a single click to verify their income.
In the current macroeconomic environment, where financial inclusion is critical, Tink Income Check is helping ConTe.it Prestiti customers obtain the financial services they are requesting. Income Check also streamlines the verification process, reduces the time and cost of applying for loans and improves the user experience. Tink’s technology will enable ConTe.it Prestiti to roll out and expand its lending offering across Italy.
Seamless verification for everyone involved
Based on secure real-time data, lenders who use ConTe.it Prestiti can now instantly verify an applicant’s income directly from their bank account. Using face recognition or with a single click, customers can consent to connecting to their bank account, where income related transactions of more than 12 months are categorised as salary, pension, benefits or cash deposits.
‘At ConTe.it Prestiti, we are rethinking the personal loan market and by partnering with Tink we will be able to offer a more tailored loan exclusively on the characteristics of the individual applicant. This enables us to be truly inclusive in our financial services offering. For us, open banking is the essential starting point to becoming the first lender in Italy to offer instant loans. That is why we chose to work with Tink,’ says Francesco Cristofaro, Head of IT & UX at ConTe.it Prestiti.
‘Real-time insights are vital for accurate loan application assessments,’ Daniel Henriquez, Southern Europe Banking Lead for Italy at Tink added, echoing the opportunity for more inclusive processes. ‘Tink’s Income Check is fast, frictionless and based on up-to-date income information, rather than credit scores or antiquated risk decisions. This allows ConTe.it Prestiti to gain clearer, more comprehensive insight into a loan applicant's repayment ability, providing them with the best loan process available.’
Curious about how instant verification can streamline your customer experience? Get in touch.
More in Tink news
Goodlord teams up with Tink to streamline letting applications
Goodlord chooses Tink Income Check to streamline its letting process, using open banking and real-time data to improve verification and minimise fraud.
Younited partners with Tink to enable instant lending solutions
Younited and Tink have partnered to streamline credit decisions using open banking. Younited’s data-driven approach to loan origination provides fast, accurate and inclusive lending, simplifying affordability assessments for a smoother experience.
Tink named a leader by Forrester
Forrester report ranks Tink a leader in open banking intermediaries: “…a robust, performant solution that can scale.” – read the independent 2023 report here.
Get started with Tink
Contact our team to learn more about what we can help you build – or create an account to get started right away.
