Income and expenditure, built from real data
Build an accurate income and expenditure picture for IVAs and debt solutions straight from the bank, so proposals are realistic and reviews are quick.
Income and expenditure is hard to pin down
A proposal is only as good as the figures behind it, and forms rarely capture the whole picture.
Recalled figures miss real spending.
Collecting months of paperwork slows the case.
Annual reviews mean doing it all again by hand.
Unrealistic contributions put a plan at risk.
What open banking does for your cases
One open banking connection covers all three, with no extra systems to run.
Why practitioners use it
Contributions based on what someone can afford.
Refresh the picture in minutes.
A plan built on their real position.
Figures that trace back to the bank.
The data points that matter for insolvency practitioners
One connection surfaces exactly what you need to make a confident decision. See how it works.
Building an IVA proposal, you need a realistic income and expenditure picture. One connection pulls the debtor's real income and spending, so the proposed contribution reflects what they can actually afford, reducing the risk of the arrangement failing at review.
Open banking for insolvency practitioners: FAQs
You can refresh the real income and expenditure picture in minutes rather than collecting paperwork again, so reviews are quicker and more accurate.
Yes. A plan built on their real position is more sustainable, and the debtor consents to share and can withdraw access.
Access is read-only under FCA authorisation and encrypted in transit and at rest. The customer consents to share specific accounts for a limited period, only insolvency practitioners working on the case see the result, and the customer can withdraw access at any time.
Build I&E from real data
Book a demo and we will build an income and expenditure picture on a live connection.