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Credit Score and Report

SavvyMoney

Digital & Retail Banking
Analytics
An integrated credit report and score solution right in your financial institution’s online and mobile banking.
Digital & Retail Banking
Analytics
An integrated credit report and score solution right in your financial institution’s online and mobile banking.

SavvyMoney provides end-users with the ability to view their credit scores and educate themselves on aspects of their finances that affect these scores. Financial Institutions can offer products to their users based on their credit scores and insights into competing products. Through the credit score and report tool, the user not only sees their score, but gets guidance in understanding the factors affecting their scores and full credit report. Users are also able to engage with a credit score simulator to see what impact certain actions may have on their score.

Tracking financial health is always crucial, but especially in today’s environment. Customers want financial education from their financial institution, but many times banks and credit unions have no program or process to offer this support. Financial Wellness tools at larger institutions have become table stakes. Offering a robust solution through a smaller financial institution requires a Fintech partnership: financial institutions are unable to offer and deliver broad prevention tools like credit monitoring and identity theft prevention on their own.

Financial Education

Financial Institutions’ mission frequently include a message about supporting their customers financial wellness, yet many don’t have any programs in place to support this vision. The Credit Score and Report tool offers a solution, but also an opportunity for end-users to take control of their credit score. With personalized tips and prequalified loan offers and alerts to change or fraudulent activity, Savvy Money’s application is addressed to the 78% of customers that declared they were interested in receiving financial advice or guidance from their FI.

Analytics

Savvy Money's analytics platform benefits Financial Institutions by driving engagement, identifying loan opportunities for users based on their credit profile and the financial institution’s lending criteria - this means less time spent identifying leads and allows for time helping users find savings and providing valuable data and analytics via wallet share, activity in the tool, and targeted marketing campaign opportunities.

Seamless Integration

The integration requires minimal work for the financial institution: sending branding elements and testing is less than 8 hours of work, and kick-off to launch is 90 days max. The solution is co-branded with the financial institutions' logo, colors and offers, fitting perfectly into online and mobile banking for optimal user engagement and experience.

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General information

Commercial model
Resell
Integration
doneAvailable for all 3rd party systems
Implementation
Cloud Hosted
Website
Support
Data processing countries (1)
United States of America
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How it works

Savvy Money offers a seamless integration with Fusion Digital Banking through FusionFabric.cloud APIs. Delivered as a Software as a Service, the application is available to financial institutions in U.S Territories for customers that have U.S credit history.

Request, retrieve and submit consumer profile

Through the FusionFabric.Cloud APIs, the consumer profile information is gathered and send to Savvy Money’s application.

Verify user data and present credit score

Each action realized by the end-user (external deposit, transfer to a saving account) sends a notification to the application which analyzes the new data, computes the new credit score, provides tips / advice, and personalized offers based on this new data.
How it works

How it looks

Friendly user interface

Provides a consistent, fast, and frictionless mobile-first experience across digital channels to your customers so that they can take control of their financial future. Show less

Credit score events

Allows your end-users to quickly analyze the decisions that lead to their rating and understand what they can change to improve it. Show less

Accounts overview

Once opted in, account holders can access their credit score, Vantage 3.0 score or full TransUnion credit report through their personal banking accounts. Show less
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Friendly user interfaceCredit score eventsAccounts overview

Friendly user interface

Provides a consistent, fast, and frictionless mobile-first experience across digital channels to your customers so that they can take control of their financial future.

Resources

Credit Score and Report
FACTSHEET
Credit Score And Report