3rd November 2023

Add income periodicity insights to web portal

Income Summary

In our latest portal update, we've introduced a user-friendly Income Summary feature. Now, assessing an applicant's income consistency and regularity is a breeze. Just click on the income filter located on the left of the transactions view to reveal the dedicated Income Analysis section on the right-hand side. This section conveniently separates transactions into two categories: Regular Income and One-Off Payments, offering a quick overview for confident decision-making.

Regular Income

Identified by consistent merchant descriptions and regular occurrence, these income transactions are grouped into series. Each series is assigned an amount consistency score and a regularity score out of 100, providing clarity on the confidence level in the classification. Clicking on a series filters the transactions table to show only transactions in that series.

One-off payments

Transactions that haven't been identified as periodic due to inconsistent merchant descriptions or irregular occurrences fall into this category. Selecting a one-off payment also filters the transactions table for easy access.