illion Express Enquiries: 0800 733 707 For media use only: publicrelations@illion.com.au. The customer journey is minimised to four simple steps which have been designed with a frictionless user experience in mind. Our technology is used by thousands of lenders and brokers in Australia and New Zealand. Savvy was looking for a way to speed up the document verification process and reduce manual handling on behalf of the customer. Accessing your credit score and credit report through illion Credit Check will not affect your credit score. illion Express credit reporting service offers you instant access to a range of reports for low, medium and high risk business decisions. I looked into it and they don’t even provide electricity in my state! Secure account data . BankStatements has proved to be a secure and streamlined solution that increases customer satisfaction and sense of security.”. 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. As part of their onboarding process Lend need to reverse engineer a business’ profit and loss statements. 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 … Your data is encrypted using industry best practices. Leveraging Open Data Solution’s suite of products, businesses can achieve fast, secure and extensive data to aid in lending and verification processes. By using BankStatements Lend were able to assess a deal in less than 15 minutes compared to the industry standard of 2-3 hours. Name * First Name * Last Name * Organisation * Email * Phone * Organisation Type * Who is your Aggregator? Privacy Policy; Terms of Use; Security; LinkedIn © Copyright illion Australia Pty Ltd is the owner of illion BankStatements. ABN 95006399677 Want to learn more about illion BankStatements and how we can help your business embrace Open Banking? 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. For application specific support, login via the links above. Ways to check and download your online statements in the CommBank app and NetBank. With varying technological skill levels in the community, this extended approval times for days or even weeks.”. 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. 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 solution has created an effortless path toward completing an application and gaining approval. illion is a strong supporter of the implementation of a Consumer Data Right (CDR) in Australia. 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. “This was a major bottleneck in Savvy’s online application process – an over-reliance on manual document handling, either digitally or with paper. illion TenderLink P 1800 233 533 www.illion.tenderlink.com Specify whether you want to receive your Statements also to your email address; statements will be submitted to the email address that you have provided to illion; Click on "Save Settings" 4: Create a bank statements document. 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. 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. For any other queries or if you need assistance to log in, please email clientservices@illion.co.nz or phone 0800 733 … if you would like more information about your subscription to Simple Fund 360 please contact your Account Manager on 1300 654 401. illion Express provides real time access to company information from the Australian Securities & Investments Commission (ASIC). illion Open Data Solutions P +61 8 7122 9452. illion Tenancy P 0800 TENANT (0800 836268) www.illiontenancy.co.nz. 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. Save my name, email, and website in this browser for the next time I comment. Contact us today. 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. In order for Lend to do this, they need access to the business owners bank statements. The customer journey is minimised to four simple steps which have been designed with a frictionless user experience in mind. Go to Settings -> Custom Document Click on "Create New"; enter name, category and description (optional) illion BankStatements is a simplified and efficient way of bank statement retrieval. You’ll also be sent a statement if there’s an important change. 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. “Having worked with Luke and the team previously, I knew there was only one choice for us to partner with. 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. 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. They are securely discarded once they have been encrypted and passed to the bank. I applied for a CC and was told by my bank I had a default and to contact Illion. 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. During both online forms, there is a section called “Bank Statements” where we provide our secure online service. illion BankStatements provided the solution to Lend’s needs. In order to greatly increase the efficiency of SocietyOne’s bank statement retrieval and review process, illion provided their digital platform: BankStatements. They will ask applicants about their current income, assets, liabilities, and other expenses as an estimate to determine eligibility for the amount requested. 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. illion Open Data Solutions P +61 8 7122 9452. illion Tenancy P 0800 TENANT (0800 836268) www.illiontenancy.co.nz. illion BankStatements is a simplified and efficient way of bank statement retrieval. Find communities you're interested in, and become part of an online community! A demonstration of how BankStatements makes a Broker's life a little easier. “Not only has BankStatements significantly reduced the time spent, but obviously it has also improved the accuracy of our decision makers. 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.. 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. A brief demonstration of how BankStatements makes a Broker's life a little easier. 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. “illion’s BankStatements platform has reduced waiting times dramatically. The acquisition follows illion’s purchase of Adelaide-based fintech Proviso, which creates automated bank statements, late last year. 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 has been … The solution has increased our throughput for loan applications and approvals by 30%. To remain time efficient they need the bank statements in a standardised format every time. BankStatements is a simplified, frictionless solution for customers to make their bank statement data available to lenders using their mobile phone or laptop. Prior to implementing illion’s solution, they relied on the customer to manually download their bank statements and submit them to Savvy. 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. “ not only has BankStatements significantly reduced the time spent, but obviously it has improved! 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