The Pulse API gives lenders the tools to check any future income in milliseconds, with consumer data you already know.
In volatile markets such as this, financial institutions want to understand the future earning potential of the applicants on their site. Nearly all providers of income data are focussed on past data (by reading historical payslips or extracting account transactions).
But you want don't want to know just the past, you care about what the future can look like.
Understand the income elasticity of the applicant. Can they move into other similar roles quickly?
Income trajectory: Will their income growth be able to outpace the inflation impact in the near future?
How flexible are the income drivers and can they react to income shocks in the sector?
“Before the Pulse API, we were hacking together bits from various income data extraction tools and those methods just weren't robust enough.”