Solutions

Advanced Tools for Increasing On-Time Payments

Missed and late payments hurt profitability. Bankuity’s tools help minimize risks, align repayment schedules, and monitor customer finances to improve payment adherence.

Why Customers Keep Missing Payment Due Dates

Missed payments are rarely about willingness—they’re about timing and data. Here is what’s holding your customers–and your funding operation–back.

Limited Visibility Into High-Risk Applicants or Late Payments

Customer data gaps leave creditors blind to risk, making it impossible to predict missed payments or identify high-risk applicants before approval.

Incomplete Data Can Lead to Payment Failures

Failed debit attempts and payment delays are common when applicant and account details are incorrect or unverified, creating challenges in the repayment process.

Financing Amounts and Schedules Don’t Reflect Customer Realities

Without full financial visibility and real-time income flow insights, creditors risk over-extending customers and creating repayment terms they can’t meet.

How Bankuity Helps You Improve On-Time Payments

From better debit alignment to early detection of at-risk customers, Bankuity’s platform helps creditors achieve better repayment outcomes.

Spot Risky Applicants Early, Before They Default

Analyze real-time financial data to identify customers with a high likelihood of missed payments or defaults.

Identify high-risk customers based on real-time income and spending patterns.

Reduce defaults by proactively managing riskier customer segments.

Use in-depth insights to identify and focus resources on the highest-value customer profiles.

Ensure Accounts Are Valid Before Extending Financing

Verify debit card and account connectivity to reduce payment errors and prevent failed debits.

Efficiently validate customer debit card and account ownership.

Reduce failed payment attempts by ensuring account details are accurate.

Decrease risk of future payment failure by thoroughly verifying applicant details.

Align Payment Dates With Customer Income Flow

Match repayment schedules to customer income dates, reducing missed payments caused by timing mismatches.

Align repayment schedules with customer income patterns.

Reduce missed payments caused by poorly timed debit attempts.

Tailor repayment terms to fit individual customer realities.

Prevent Defaults Head-On By Optimizing Funding Amounts

Ensure credit limits are based on what customers can feasibly repay to avoid over-leveraging and reduce missed payments.

Recommend credit amounts that align with customer repayment capacity.

Use verified income data to prevent over-funding.

Minimize defaults by ensuring credit amounts are affordable for customers.

Identify At-Risk Payments Before They’re Missed

Monitor customer finances post-approval to detect risks and take timely, proactive steps to avoid repayment issues.

Flag potential non-payment risks caused by post-origination income changes.

Receive notifications of looming payment challenges—and take preventative action.

Enable proactive customer outreach to prevent the likelihood of defaults.

See How Bankuity Improves On-Time Payments

See for yourself how smarter insights and advanced tools can empower your financial institution to reduce missed payments and increase profitability. Book your Bankuity demo today!