Velex Insights
by
Velex
AI powered actionable insights for businesses to assess risk with precision for smarter, more cost-effective decision-making.
About the Provider
Velex provides unique insights which empowers businesses to assess risk with precision. This API integration delivers actionable insights for smarter, more cost-effective decision-making. The insights support accurate, real-time assessments enabling continuous evaluation of financial behavior and fraud risk.
Solutions
Income Verification
Bank Account Verification
Transaction Monitoring
Transfer Risk Assessment
About the Integration
Trained on 1.4B+ transactions and shaped by events like COVID-19, Velex empowers businesses to assess risk with precision. This API integration delivers actionable insights for smarter, more cost-effective decision-making.
Velex verifies bank account ownership using registered names, emails, phone numbers, addresses, and ACH details. Additional features include transaction monitoring and transfer risk assessments, enabling continuous evaluation of financial behavior and fraud risk.
Velex also enables consent-based income verification across the US, UK and EU markets. This comprehensive insight supports accurate, real-time assessments of income and financial behavior, reducing reliance on costly employment and credit verifications. The Velex Score generates a cash flow–based score that complements FICO, offering a lower-cost way to evaluate repayment ability. Used together, Velex and FICO significantly reduce default risk.
