Sambla partners with Tink for a more inclusive lending process

Smarter, better, more inclusive lending

Traditional credit checks are often limited, requiring a lot of manual input from both the applicant and the lender. This often leads to an outdated view of their creditworthiness, and in these turbulent economic times, giving applicants a level playing field is more important than ever. By harnessing the power of open banking, real-time data can help to review an applicant’s spending habits.
Sambla has opted for a suite of three different products. Income Check, which seamlessly verifies a person’s income with secure, up-to-date data directly from their bank account. Expense Check, which identifies spending patterns, and which costs recur on a monthly basis. And finally, Risk Insights allows lenders to build a solid customer profile by analysing their spending data.

These products allow lenders to get a granular overview of relevant transactions to feed into customers' affordability analysis – instantly validating income and expenses and assessing their repayment ability.