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1. (WO2018144283) SYSTEMS AND METHODS FOR VERIFICATION OF INCOME AND ASSETS

Pub. No.:    WO/2018/144283    International Application No.:    PCT/US2018/015078
Publication Date: Fri Aug 10 01:59:59 CEST 2018 International Filing Date: Thu Jan 25 00:59:59 CET 2018
IPC: G06Q 40/02
G06Q 20/40
Applicants: FINICITY CORPORATION
Inventors: THOMAS, Nicholas A.
SMITH, Steven B.
WHITMER, Charles Matthew
Title: SYSTEMS AND METHODS FOR VERIFICATION OF INCOME AND ASSETS
Abstract:
A method for providing an accurate evaluation of a borrower's creditworthiness includes using a network-connected aggregation server to aggregate records of a plurality of financial transactions from one or more network-connected financial institution servers, wherein each record of a financial transaction comprises a unique identifier associated with its transaction and using the records of the plurality of financial transactions to determine estimated financial information of the borrower. The estimated financial information of the borrower may include an estimated cash flow stream of the borrower, an estimated income stream of the borrower, an estimated trade line of the borrower, or estimated assets of the borrower. The method may also include using the estimated financial information of the borrower to create an evaluation of the borrower's creditworthiness and providing the evaluation of the borrower's creditworthiness to a recipient that is considering whether to extend a loan to the borrower.