The Only Secure Real-Time Affordability Checking Solution
Enabling organisations to unlock deep insights into their client’s financial profiles and simplify the application process for consumers
MOGOPLUS is a digital affordability-assessment tool that enables consumers to share detailed financial information with potential financial service providers. It’s faster, less vulnerable to fraud and provides detailed financial information that is not visible on a credit report.
Our customers save hours of manual processing time for each application, reduce their exposure to risk and unlock valuable insights into their client’s spending behaviour. These efficiency savings enable businesses to save money and process more applications, quicker.
Safely share your transactional financial information in real-time and receive an instant credit decision from your lender without sending PDF copies of your bank statements and payslips. Using MOGOPLUS won’t affect your credit score, and by providing lenders with a complete picture of your finances, you get the best rate tailored to your unique solution.
Unlike other solutions, you remain in complete control of your security. Your login credentials are completely hidden (except from you and your bank), and we use the same level of encryption as most banks.
MOGOPLUS is either integrated into the lender’s application, or access is provided through a secure link. When users access the service, they log in in the same way as they would their online banking
One-time digital access to the client’s data is provided by a sealed smart browser. The consumer retains complete control over their online security during the process; log-in credentials are not seen, handled, or stored by third-parties or MOGOPLUS
Data is captured, categorised, and structured before being encrypted and sent back to the lender. Branded bank statements are provided via API or in PDF format
With MOGOPLUS, the end-to-end process can be reduced to just minutes. Lenders save hours of manual processing time, and consumers receive their decision quicker. The secure process minimises fraud and security risks while increasing the accuracy of decision-making
Our products are used by some of the world’s biggest banks and financial intermediaries to improve their efficiency, security, and speed; these benefits enable our typical customer to unlock huge cost savings. We provide a range of services to ensure organisations can collect the right information for each situation:
Extract, process and analyse consumer financial data from documents, e.g., payslips or bank statements
Pain-free switching from another lender. Instantly verify a consumer’s name, address and bank account information, including Direct Debits and Standing Orders
Automatically organise transactional data according to your in-house rules and categorisations
Verify consumer’s name and address
Verify a consumer’s name, address, bank account information, income and expenditure items
Verify a consumer’s name, address, bank account information, and any sources of income
Verify a consumer’s name, address and bank account information
The end-to-end process takes just minutes, saving time and improving the customer journey for consumers. Lenders can save hours of manual processing time per transaction, enabling them to process more applications from consumers and dramatically increasing their productivity
Single-use connection using 2048-bit RSA encryption with no storage of login credentials. MOGOPLUS has passed security assessments conducted by major banks, global consulting firms and 3rd-party IT and security consultants
MOGOPLUS is compliant with GDPR, PSD2, ISO 27001, and the Data Protection Act. Unlike competitor solutions, MOGOPLUS does not see or store consumers login credentials
Provide your customers with a faster response time and an easier and more secure way to share their data across multiple institutions and accounts
Analyse a consumer’s bank and credit card transactions in real-time. Complete data on the client’s income and expenditure enables affordability calculations with improved accuracy
Lenders get deep insights into their client’s real financial profile, reducing the risk of lending, and enabling them to select appropriate products for each customer
Research shows that 96% of mortgage fraud is as a result of applicants falsifying the information they provide. MOGOPLUS is able to extract bank-branded statements directly from the consumer’s bank account; these statements are both accurate and tamper-proof
Receive output in three different ways: customisable MOGOPLUS reports (which can be matched to your in-house assessment criteria), bank-branded statements, or as raw JSON data. Data can be uploaded for analysis by PDF (original bank statement), data feed, or by direct access to online banking
Our proprietary categorisation engine provides lenders with a granular overview of their client’s spending patterns. By revealing specific amounts paid for related financial products, MOGOPLUS enables effective cross-selling of other products