We’re super excited to announce our partnership with Method Financial, an innovator in real-time liability connectivity. This collaboration connects Pave’s analytics solution with Method’s cutting-edge real-time liability data, offering an unparalleled level of insight into borrowers’ financial health.
The traditional process of assessing borrower finances has been slow and often unreliable, leading to challenges in decision-making and credit access for nonprime borrowers, including those who make over $100,000 annually. The Pave and Method partnership addresses these issues by providing lenders with real-time, comprehensive financial data.
Ema Rouf, President of Pave.dev, states, “This partnership redefines industry standards in financial transparency and decision-making. Integrating Method’s real-time technology with our cashflow-driven analytics enables lenders to make quicker, more informed decisions.”
Pave.dev’s APIs merge financial data from diverse sources, including bank transactions, loan performance data, and credit reports, to predict a borrower’s likelihood and ability to pay.
Method’s APIs retrieve data in real-time directly from the sources of record (FIs) across all liability types. Data points include outstanding balances, payoff amounts and due dates, interest rates, and loan types.
Below is a breakdown of the differences in datasets:
The integration of Pave and Method provides the following key benefits:
By unifying bank transactions with Method data, lenders can answer questions and inform use cases like:
This approach facilitates more efficient financial management and ensures that lenders have access to the most current data regarding liabilities.
Jose Bethancourt, CEO of Methodfi, adds, “Our collaboration with Pave.dev gives lenders access to enriched liability data on the one hand, and predictive analytics on the other, leading to a more dynamic, responsive, lending process.”
This partnership promises a more efficient and equitable lending process, benefiting lenders and borrowers with faster and more transparent credit assessments. Read more about our Method integration here.
Pave’s AI-powered cashflow analytics and scores enable consumer and SMB lenders to drive lift in credit risk models.
Learn more at https://pave.dev.
Method leads in real-time financial insight technology, offering solutions that streamline the lending decision process.
Discover more at https://methodfi.com.
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