Name: illion Open Data Solutions
Author: illion Australia Pty Ltd

Help Desk

Web and Video Conferencing

Customer Support

Bug  Tracking

Flowchart

Development

Higher Education

Education

Association Management

Business Intelligence (BI)

Collaboration

Data Extraction

Embedded Business Intelligence (BI)

File Sync

Risk Management

Streaming Analytics

Visual Collaboration

Enterprise

Accounting

Budgeting and Forecasting

Crypto Accounting

Loan Origination

Payment Gateway

Payment Orchestration

Finance and Accounting

Applicant Tracking

Background Check

Contractor Management

Corporate Learning Management

Diversity, Equity, and Inclusion (DEI)

HR Compliance

HR Management

Payroll

Recruitment Agency

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

Authorization

C/C++ Integrated Development Environments

Cloud Storage

Container Management

Distributed Denial of Service (DDoS) Protection

Fraud Detection

Incident Response

Integration Platform as a Service (iPaaS)

Managed Private Cloud

Network Performance Monitoring

Relational Database Management Systems

Remote Monitoring and Management

Tower Servers

Information Technology

A/B Testing

AI Image Generation

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Conversion Rate Optimization

Email Marketing

Event Registration

Heatmap and Session Recording

Landing Page

Marketing Automation

Personalization Engines

Public Relations (PR)

Retail Media Advertising

SMS Marketing

Sales and Marketing Automation

Social Media Management

Survey & Forms Building

Video

Video Editing

Web Analytics

Marketing

Project Management

Prototyping

Professional Services

Customer Relationship Management (CRM)

Sales Pipeline

Sales

Antivirus

Security

Automotive

Forestry

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

Parrot Analytics

Candid GuideStar

Candid.org

Informatica Data as a Service (DaaS)

Informatica

Tracxn

Tracxn Technologies Ltd.

Azure Open Datasets

Microsoft

LexisNexis Accurint

LexisNexis Risk

S&P Global Market Intelligence API Solutions

S&P Global Inc.

Above Data

Catalist

illion Open Data Solutions is a suite of tools offered by illion that aims to assist businesses in retrieving income and expenditure data from their customers for credit risk assessment. According to the vendor, this product is suitable for businesses of all sizes, with a particular focus on asset finance and mortgage brokers, financial planners and accountants, fintechs, lenders, and banks.

## Key Features

**BankStatements**: According to the vendor, BankStatements is a web-based solution that offers users multiple options for retrieving income and expenditure data, including open banking, optical character recognition (OCR), and digital data capture. It also ensures the capture of required consents from end users and is reportedly trusted by thousands of lenders and brokers in Australia and New Zealand.

**StatementOCR**: The vendor claims that StatementOCR allows users to upload PDF statements for categorization and analysis of bank data. It also includes features to detect fraudulent PDF statements, providing users with valuable bank data analysis and metrics to aid in faster credit decisions.

**Open Banking**: The Open Banking feature enables users to access evolving data sharing ecosystems through the Consumer Data Right regime in Australia. According to the vendor, it offers a direct path to available financial institutions for categorizing and analyzing bank data, providing a reliable way to retrieve income and expenditure data.

**Digital Data Capture**: The Digital Data Capture feature reportedly allows users to retrieve data from over 140 banks and credit unions in Australia, as well as 20 institutions in New Zealand. It extends beyond bank data and includes retrieval from loyalty platforms, share trading accounts, and superannuation providers, providing users with access to a wider range of data and documents from multiple sources.

**illion Categorization**: According to the vendor, illion Categorization enriches core banking transactions and delivers analytical insights that enable accurate credit risk decisioning and hardship identification. It is said to enhance overall matter management, providing users with valuable tools for effective risk assessment.

**Decision Metrics**: Decision Metrics is designed to assess the risk, liquidity, and serviceability of customers, providing tailored views of account holder information. The vendor suggests that this feature aids in making lending decisions and driving business growth by providing comprehensive insights into customer profiles.

**illion Transaction Risk Score (iTRS)**: The vendor claims that iTRS improves credit management by providing informed underwriting and pricing. Leveraging the capabilities of BankStatements, this feature reportedly offers valuable insights into applicants' financial behavior, allowing for powerful risk assessment.

**BrokerFlow for Brokers**: The vendor states that this feature is specifically designed for brokers, enabling them to directly access customers' statements from illion. It aims to reduce difficulties in the loan application process and streamline assessment procedures, saving time and effort for brokers.

**BrokerFlow for Lenders**: Similar to BrokerFlow for Brokers, this feature allows lenders to access customers' statements directly from illion. It is intended to simplify the loan application process and streamline assessment procedures for lenders.

**Switch**: The vendor claims that Switch removes friction from migrating biller and payee information between bank accounts. It securely exports BPAY billers and payees from the customer's existing bank account, providing a seamless transition to a new transaction account.

illion's Open Data Solutions is Australian built and optimised and positions illion at the forefront of open banking in the region.Leveraging Open Data Solution’s suite of products, businesses receive data to aid in lending and verification processes.

Infor Birst offers multi-tenant cloud BI for deployment in a public or private cloud, or on-premises. It provides an in-memory columnar data store and a BI layer comprising a reporting engine, predictive analytics tools, mobile native apps, dashboards, discovery tools, and an open client interface.

Basic License

Infor Birst

1 User/month

illion Open Data Solutions

Data-as-a-Service (DaaS)

illion Australia Pty Ltd

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

illion Open Data Solutions

Overview

What is illion Open Data Solutions?