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Leverage cash flow underwriting with the revolutionary new CashScore by Prism Data.

The CashScore is an innovative and highly predictive way to assess a consumer’s credit risk using real-time financial transaction history as opposed to credit history. The CashScore leverages thousands of financial data points that are missing from traditional credit reports, describing a consumer's key financial factors, like income, assets, expenses, and financial volatility. 

CashScores are available for the millions of thin-file and no-file consumers that lack traditional credit history. When credit history is available, the CashScore provides a differentiated, incremental view of risk that improves overall credit decisioning. CashScores provide transparency to the consumer and are compliant with applicable regulations.

The Advantages of Financial Transaction History

Coverage
Traditional credit reports are thin or missing for 70M+ consumers. Nearly the entire U.S. adult population (95%) has a bank account with a financial transaction history.
Accuracy
20% of traditional credit reports contain a material error. Financial transaction data has a near-zero error-rate. It is generated from core transaction processing and systems of record—highly visible, regulated, audited, and reliable.
Recency
Traditional credit report information lags real-time-events by 90 days or more. Financial transaction data is real-time updated in hours, not months.
Score Performance
Based on data provided by our partners.
Customers with no existing credit history underwritten using the CashScore demonstrate credit performance equivalent to those with prime credit scores.

Full-file customers underwritten using the CashScore perform 30% better than those without. 

How it Works

1
Client obtains consumer-permissioned financial transaction history from new or existing customers. History may come from customer interaction (in the case of a depository) or via an aggregation connection.
2
Anonymized data is uploaded to Prism Data via API or secure file share.
3
Prism Data’s proprietary processing and modeling platform analyzes millions of data points, extracts key features, and outputs a CashScore, along with analysis and reason codes related to the model output. 

The Benefits

Expand Your Target Market
Open the door to 70+ million underserved consumers with thin or no credit files.
Unlock Unique Insights
Illuminate bureau data blind spots with real-time data, identifying low-risk consumers with upwards financial trajectories misjudged as subprime, as well as distressed consumers with inflated credit scores.
Improve Customer Experience
Better data and lower losses means more value for your customers. Improve your rates and competitiveness without reducing your bottom line. 
Reduce Fraud
Financial transaction data is a powerful check on fraud. Thousands of data points describing detailed financial histories are difficult for even the most sophisticated actors to spoof.
Increase Decision Accuracy
Provide substantial value beyond traditional scores using verified, real-time data about a consumers financial status and behavior. 
Drive Financial Inclusion
Support financial inclusion initiatives and meet CRA standards by offering safe and affordable credit access to underserved communities. 

Use Cases

Lending
Approve more customers. Improve portfolio performance.
Real Estate
Improve tenant screening process and identify more responsible tenants without relying on security deposits or guarantors.
Insurance
Reduce declinations, increase underwriting accuracy, improve quote-to-bind.
Mortgage
Easily validate income and assets using consumer financial transaction history.

Cash Flow Underwriting Resources

Check out the latest industry reports, studies, and press coverage on Cash Flow Underwriting. 
Frequently Asked Questions
Is the CashScore meant to be used alongside traditional credit scores in underwriting decisions?

The CashScore can be used to supplement a traditional credit score or as an alternative when a traditional score is unavailable or unreliable. The CashScore leverages thousands of financial data points that are missing from traditional credit reports, describing a consumer's key financial factors, like income, assets, expenses, and financial volatility. CashScores are available for the millions of thin-file and no-file consumers that lack traditional credit history. When credit history is available, the CashScore provides a differentiated, incremental view of risk that improves overall credit decisioning.

What are the minimum requirements to calculate a CashScore?

No credit history is required to calculate a CashScore. Instead, Prism Data requires only bank account transaction history (i.e., the digital bank statements) from a consumer’s primary bank account, with at least three months of history. Although only the primary account history is required, we recommend using data from all of the material bank accounts used by the consumer.

What does the CashScore predict?

The CashScore measures the relative probability of credit default in rank order on a scale from 0 to 999 (999 being the best possible score). This means that a consumer with a score of 875 is less likely to default on a loan than a consumer with a score of 425.

What factors determine your CashScore?

The CashSore measures creditworthiness based on assets, income, and expenses—essentially, the money that a consumer makes, saves, and spends on a monthly basis. The CashScore is a strong measure of the ability to pay, as well as financial stability.  Consumers that make more than they spend tend to be lower risk, and achieve higher CashScores.

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