If you are applying for a loan through your lender or broker and you need to submit your bank statements, please contact your lender or broker directly and request the submission link. After integrating illion BankStatements into their statement retrieval process, Lend has significantly cut the onboarding time. Below is a detailed list of the banks and the accounts which are available through BankStatements Powered by Illion - For further information about this service, please see BankStatements Powered by ILLION.. illion BankStatements provided the solution to Lend’s needs. To remain time efficient they need the bank statements in a standardised format every time. ABN 95006399677 After you sign up, you will see your score and details of your credit report so you have a better understanding of how financial institutions and other credit providers see you. Please fill in a valid value for all required fields If you are applying for a loan through your lender or broker and you need to submit your bank statements, please contact your lender or broker directly and request the submission link. Through integrating BankStatements with Savvy’s loan application portal, customers can instantly submit their bank statements for the requisite three, six, or nine months without using any third-party site or service, substantially increasing throughput and speeding up approvals. Contact us today. Savvy was looking for a way to speed up the document verification process and reduce manual handling on behalf of the customer. Some customers who were not comfortable with using Internet Banking experienced considerable delays as they approached their local bank branch to obtain the statements and lodge them to Savvy through the mail. illion TenderLink P 1800 233 533 www.illion.tenderlink.com An expert team who are able to invest their resources into focusing on the solution. illion BankStatements is a simplified and efficient way of bank statement retrieval. In order for Lend to do this, they need access to the business owners bank statements. With varying technological skill levels in the community, this extended approval times for days or even weeks.”. In order to greatly increase the efficiency of SocietyOne’s bank statement retrieval and review process, illion provided their digital platform: BankStatements. Savvy uses a secure, encrypted loan application portal to facilitate the loan assessment process. The journey can be completed on laptops and mobiles quickly and easily, giving consumers the power to remotely grant access to bank statement to their chosen lender or broker. Reddit is a network of communities based on people's interests. Open Data Solutions is built and optimised to position illion at the forefront of Open Banking in our region. Lend decided this process was best executed using a third party. The CDR framework will provide substantial benefit to financial services consumers, transforming the way they interact with the banking system by providing the ability and tools to safely share data with different lenders, other financial institutions and fintech companies. illion Express provides real time access to company information from the Australian Securities & Investments Commission (ASIC). This check won't affect your score. Gathering and submitting supporting documentation as part of the loan application process was one of Savvy’s major bottlenecks for providing fast finance solutions. I looked into it and they don’t even provide electricity in my state! illion BankStatements is a secure, read-only web-based service that retrieves an applicant’s bank statements from a multitude of institutions and sends the official documents and responsible lending report directly to Bank Australia within seconds, removing any risk of fraud. The default was from a company I’d never heard of, momentum energy. “illion’s BankStatements platform has reduced waiting times dramatically. Secure account data . “Having worked with Luke and the team previously, I knew there was only one choice for us to partner with. illion Open Data Solutions P +61 8 7122 9452. illion Tenancy P 0800 TENANT (0800 836268) www.illiontenancy.co.nz. You’ll also be sent a statement if there’s an important change. The solution has increased our throughput for loan applications and approvals by 30%. The solution has created an effortless path toward completing an application and gaining approval. They are securely discarded once they have been encrypted and passed to the bank. Enter the fields below to get started with your free credit report and score. On this page. “Not only has BankStatements significantly reduced the time spent, but obviously it has also improved the accuracy of our decision makers. Ways to check and download your online statements in the CommBank app and NetBank. Accessing your credit score and credit report through illion Credit Check will not affect your credit score. The customer journey is minimised to four simple steps which have been designed with a frictionless user experience in mind. For application specific support, login via the links above. By using BankStatements Lend were able to assess a deal in less than 15 minutes compared to the industry standard of 2-3 hours. As part of their responsible lending requirements, Savvy conducts checks on applicant credit scores and histories. A brief demonstration of how BankStatements makes a Broker's life a little easier. Save my name, email, and website in this browser for the next time I comment. illion Express credit reporting service offers you instant access to a range of reports for low, medium and high risk business decisions. Want to learn more about financial technology and how we can help your business? Please Note: The number of days of historical data provided by each bank is subject to change, but this Help Article will be regularly updated to ensure that it is up to … After looking through my credit file it had me living in Victoria as a plumber, with an additional mortgage , credit cards and a different employer. illion is a strong supporter of the implementation of a Consumer Data Right (CDR) in Australia. Privacy Policy; Terms of Use; Security; LinkedIn © Copyright illion Australia Pty Ltd is the owner of illion BankStatements. if you would like more information about your subscription to Simple Fund 360 please contact your Account Manager on 1300 654 401. Through integrating BankStatements with Savvy’s loan application portal, customers can instantly submit their bank statements for the requisite three, six, or nine months without using any third-party site or service, substantially increasing throughput and speeding up approvals. It’s great to be working with a company where you can simply pick up the phone and get someone first time, every time.” Shaun McGowan, Co-Founder, Lend. illion BankStatements is a simplified and efficient way of bank statement retrieval. Due to the process relying on applicants and each bank’s separate statement extraction procedures it became crucial that Lend find a solution which would standardise and streamline this problem. Lend is in the small business loan market and therefore needs to match the right lender to each prospective client business. The acquisition follows illion’s purchase of Adelaide-based fintech Proviso, which creates automated bank statements, late last year. illion BankStatements has decreased the usual loan processing delay caused by waiting for applicants to provide supporting documentation, as well as eliminated any manual handling for the customer. They request at least three months of bank statements as supporting evidence of income; which can include mortgage, credit cards and loans statements as well. illion TenderLink P 0800 698 363 www.illion.tenderlink.com illion Express Enquiries: 13 23 33. illion Digital Tech Solutions www.illiondts.com. Yes, if you use our bank statement service provided by Illion you will input your internet banking details which will allow us read-only access of your bank account. Find communities you're interested in, and become part of an online community! During both online forms, there is a section called “Bank Statements” where we provide our secure online service. They are constantly working and developing their product, making it bigger and better by listening to those who use it and then helping us understand how to get the most out of it.” Shaun McGowan, Co-Founder, Lend. Independently tested and audited by external security experts, security is a driving priority. illion's market-leading BankStatements technology provides a lighting fast, frictionless web-based solution for the retrieval of bank statement data, that boosts conversion rates for lenders and brokers. Want to learn more about illion BankStatements and how we can help your business embrace Open Banking? illion BankStatements is the secure, incredibly easy way to retrieve customer bank statement data in seconds. They will ask applicants about their current income, assets, liabilities, and other expenses as an estimate to determine eligibility for the amount requested. illion Open Data Solutions P +61 8 7122 9452. illion Tenancy P 0800 TENANT (0800 836268) www.illiontenancy.co.nz. Contact us today. Prior to implementing illion’s solution, they relied on the customer to manually download their bank statements and submit them to Savvy. The Multi-Bank report consolidates the income and expense analyses from multiple banks into a single report, aggregating and categorising the data to give you a single view of your client's financial standing. You firstly select your bank from a drop down list, and then enter your online Banking details so your bank statements can be securely retrieved. illion Digital Tech Solutions P +64 7 838 0705 www.illiondts.com. For any other queries or if you need assistance to log in, please email clientservices@illion.co.nz or phone 0800 733 … “illion’s BankStatements platform has reduced waiting times dramatically. You’ll be sent a statement for your personal loan twice a year, in January and July. They make integrations seamless by having product engineers who are ready and willing to help. BankStatements is a simplified, frictionless solution for customers to make their bank statement data available to lenders using their mobile phone or laptop. To see available financial statements select the appropriate filter on the document search screen. Make your customer loan application process frictionless… The lender is provided with a unique digital BankStatements link, Lenders provide their link to the customer via SMS, email or the BankStatements website, Customer follows the link and completes a short information entry process approving the sharing of bank statement data, BankStatements supplies lenders with bank statement data to their nominated email or URL in the lender’s choice of format. BankStatements.com.au takes your data security seriously: your online banking credentials are never stored, and your data is encrypted with bank level 256-bit encryption. The Multi-Bank version provides brokers with a Multi-Bank report with each bank statement retrieval. We do not have the ability to change any of your banking details, set up direct debits or to manage your account in any other way. Your data is encrypted using industry best practices. Name * First Name * Last Name * Organisation * Email * Phone * Organisation Type * Who is your Aggregator? BankStatements.com.au is a trusted financial data platform used by many of Australia’s largest financial institutions to retrieve customer bank statements in a safe and efficient manner. “illion has been … BankStatements has proved to be a secure and streamlined solution that increases customer satisfaction and sense of security.”. Your bank details are encrypted in transit and stored securely. A demonstration of how BankStatements makes a Broker's life a little easier. Our technology is used by thousands of lenders and brokers in Australia and New Zealand. The customer journey is minimised to four simple steps which have been designed with a frictionless user experience in mind. illion Express Enquiries: 0800 733 707 For media use only: publicrelations@illion.com.au. illion BankStatements is a multi-award-winning technology that provides a lighting fast, frictionless web-based solution for the retrieval of bank statement data, boosting conversion rates for … I applied for a CC and was told by my bank I had a default and to contact Illion. Go to Settings -> Custom Document Click on "Create New"; enter name, category and description (optional) BankStatements powered by ILLION will be available to all clients that have an active subscription for the BGL Bank Data Service. “This was a major bottleneck in Savvy’s online application process – an over-reliance on manual document handling, either digitally or with paper. 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