About DirectID
DirectID is a financial data aggregation platform from The ID that provides real-time access to bank and transaction data. It includes features such as account aggregation, transaction categorization, and data visualization, so users can gain insights into their financial health. DirectID supports a range of financial institutions and allows for easy integration with existing systems. The platform is designed to help businesses and developers access and analyze financial data securely and efficiently. Key capabilities: account aggregation transaction categorization data visualization API integration user authentication Best for: businesses and developers that need to analyze financial data for insights and reporting.
DirectID, now rebranded as Atto, is a cutting-edge credit risk and open banking intelligence platform designed to transform how financial institutions assess borrower creditworthiness and manage risk. It provides real-time insights and predictive models that enable lenders to understand how customers spend, save, and earn, creating a complete and dynamic financial profile. Built on the foundation of open banking, DirectID connects securely to customers’ bank data to deliver accurate categorization, affordability assessments, income verification, and early detection of financial distress. Its technology empowers lenders to make faster, smarter, and fairer decisions throughout the credit lifecycle—from origination and onboarding to collections and portfolio management. By replacing outdated, static data with live transaction insights, DirectID allows financial providers to see not just where customers have been financially, but where they are heading. The platform’s advanced credit risk categorization achieves over 90% accuracy, ensuring better portfolio quality and reducing default risks.
Pros & Cons
- +Provides real-time, accurate financial insights for faster and fairer decisions
- +Significantly improves credit risk accuracy and portfolio performance
- +Reduces manual processes through automation and open banking APIs
- +Early identification of financial distress lowers default and loss rates
- +Strong compliance and data protection under FCA and ICO regulations
- −Relies heavily on customers granting open banking access permissions
- −May require additional data interpretation for complex financial profiles
- −Limited functionality for organizations outside the financial or lending sector
- −Integration complexity for legacy systems without modern APIs
- −Continuous internet connectivity required for live data access
Features
Key features
- Affordability Assessment – Evaluates how much a borrower can afford to repay by analyzing income and spending habits.
- Income Verification – Confirms earnings across various income streams, including salary, freelance, and benefits.
- Financial Categorization – Accurately classifies customer transactions to understand spending patterns with 90%+ accuracy.
- Real-Time Insights – Provides up-to-date visibility into a customer’s financial activities for timely decision-making.
- Emerging Financial Distress Detection – Identifies early warning signs of financial stress before defaults occur.
- SME Financial Health Monitoring – Analyzes small business account trends to assess cashflow stability and income reliability.
- Predictive Credit Risk Modelling – Uses enriched open banking data to enhance predictive models and decision performance.
Additional features
- Affordability Assessment – Breaks down income versus spending to evaluate customers’ repayment capacity.
- Income Verification – Authenticates income sources through open banking data for faster, more reliable verification.
- Transaction Categorization – Simplifies raw banking data into clear categories for credit decisioning accuracy.
- Emerging Financial Distress – Detects early signs of cashflow challenges for proactive lender intervention.
- SME Financial Health Insight – Assesses business accounts to evaluate income stability and liquidity trends.
- Credit Risk Decisioning – Enhances lenders’ ability to evaluate creditworthiness in real-time.
- Collections and Recoveries Optimization – Uses income and affordability data to plan effective recovery strategies.
- Portfolio Management – Tracks customer financial behavior across time to improve portfolio quality and performance.
- Origination and Onboarding – Speeds up customer onboarding by automating financial checks and reducing manual reviews.
- Data Dashboard and APIs – Offers an intuitive dashboard and developer-friendly APIs for seamless integration and analysis.
Pricing
Countries & Languages
Interface languages
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About DirectID
DirectID is a financial data aggregation platform from The ID that provides real-time access to bank and transaction data. It includes features such as account aggregation, transaction categorization, and data visualization, so users can gain insights into their financial health. DirectID supports a range of financial institutions and allows for easy integration with existing systems. The platform is designed to help businesses and developers access and analyze financial data securely and efficiently. Key capabilities: account aggregation transaction categorization data visualization API integration user authentication Best for: businesses and developers that need to analyze financial data for insights and reporting.
DirectID Details
DirectID's In-App Market Place
Does DirectID have an in-app market place?
Yes
How many Mini-Apps in the marketplace?
1
Mini Apps
NA
Pricing Options
Accepted Payment Currencies
GBP (£), EUR (€), USD ($)
Pros & Cons
- Provides real-time, accurate financial insights for faster and fairer decisions
- Significantly improves credit risk accuracy and portfolio performance
- Reduces manual processes through automation and open banking APIs
- Early identification of financial distress lowers default and loss rates
- Strong compliance and data protection under FCA and ICO regulations
- Relies heavily on customers granting open banking access permissions
- May require additional data interpretation for complex financial profiles
- Limited functionality for organizations outside the financial or lending sector
- Integration complexity for legacy systems without modern APIs
- Continuous internet connectivity required for live data access
DirectID's Support Options
Email Address
hello@atto.coDocumentation
https://docs.atto.co/DirectID's Alternatives
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