XAI Validate

XAI Validate, developed by Tic:Toc Enterprise, is a financial validation software designed to automate deep financial analysis and streamline the assessment process for home loans. This solution caters to lenders, fintechs, consumer brands, and mortgage brokers of various sizes, enabling them to gain instant and comprehensive insights into a customer's financial position. With its broad applicability, XAI Validate is utilized by professionals in the lending industry, including lenders, fintechs, consumer brands, and mortgage brokers.

Key Features

Financial validation software: According to the vendor, XAI Validate automates deep financial analysis and streamlines the assessment process for home loans, providing lenders with an instant and complete picture of a customer's financial position.

Expense categorization: XAI Validate aims to improve classification coverage for expense categorization, helping lenders accurately categorize and analyze a customer's expenses to gain a clearer understanding of their financial situation.

Flag liabilities: XAI Validate aims to flag liability repayments across home loans, personal loans, and credit cards, allowing lenders to have a comprehensive view of a customer's liabilities during the assessment process.

Income validation: According to the vendor, XAI Validate analyzes income from all sources, such as employment income, rental income, and investment income, to determine the true income of a customer, assisting lenders in accurately assessing their borrowing capacity.

Undisclosed accounts: According to the vendor, XAI Validate utilizes machine learning models to detect undisclosed accounts from transaction data, ensuring transparency and accuracy in the assessment process.

High-risk flags: According to the vendor, XAI Validate automatically flags high-risk activities, such as high-risk merchants, large cash withdrawals, and adverse transactions, helping lenders identify potential risks associated with a customer's financial behavior.

Complete audit trail: XAI Validate provides a complete audit trail, allowing lenders to retrieve transaction data, add notes, and provide all necessary risk documentation with ease, ensuring transparency and compliance throughout the assessment process.

Serviceability: According to the vendor, XAI Validate applies serviceability calculators via a set of APIs to determine the Net Surplus Ratio and borrowing capacity, assisting lenders in assessing a customer's ability to repay a loan.

OCR (Coming soon): According to the vendor, XAI Validate will soon offer Optical Character Recognition (OCR) functionality, converting various types of documents into consumable data for easier processing and analysis.

Insights API: XAI Validate provides an Insights API that allows lenders to view application volumes, lead status, conversion rates, loan value, and revenue, providing valuable insights into their lending operations for data-driven decision-making.