Numaly

Numaly is a software solution designed for automated income and expense verification. It caters to businesses of various sizes, from small enterprises to large corporations. According to the vendor, professionals and industries such as property managers, lenders, car dealers, fintech companies, and screening companies can benefit from Numaly's verification process.

Key Features

Automatic Income & Expense Verification: Numaly enables instant verification of an applicant's ability to make future payments by utilizing automated bank reports. It supports over 10,000 banks, lenders, and property managers globally. The vendor claims that it reduces late payments by an average of 65% and verification times by an average of 95%. On average, integration time takes only 8 minutes.

Single Platform, Deep Insights: Numaly provides visibility into an applicant's finances through bank permissioned data. According to the vendor, there is no need for manual phone calls or bank statement analysis. Users can access detailed income reports instantly when applicants provide consent through their online banking. Numaly offers automatic insights prepared using data directly from banks to aid in quick screening decisions.

Speed: Numaly significantly reduces verification times through automation.

Accuracy: Numaly provides comprehensive insights and fraud prevention by utilizing bank data.

Security: Information is protected by AES bank-level encryption.

Easy Integration: Numaly offers seamless integration by allowing users to add a simple link to their application. Users can maintain their own branding and logo. Numaly supports over 10,000 banks.

Property Managers: According to the vendor, property managers can reduce late payments and screening times by over 95% with automated income reports. This can lead to lower vacancy and marketing periods, higher quality tenants, increased productivity, and minimized fraud and errors.

Lenders and Car Dealers: Numaly streamlines loan applications by automating income and expense verification. According to the vendor, this results in increased conversion rates, improved customer experience, fraud elimination, and reduced underwriting costs.

Fintech & Screening Companies: Numaly's white-label solution allows fintech and screening companies to offer income verification as an additional revenue stream to their customers. This integration provides instant verifications and can be implemented quickly with just one API call.

Simple Pricing: Numaly offers a business plan with no setup costs and flexible cancellation. The business plan includes monthly income and expense reports, income sources, customizable branding, unlimited users/seats, two-factor authentication, and support for over 10,000 banks. Additionally, the enterprise plan offers custom pricing, API access, premium integrations, volume pricing, and dedicated support.