Intelligent Decisioning Waterfall - SMB Deposits

In order for the Amount Intelligent Decisioning Waterfall to have maximum impact, the applicant's data is collected along the applicant's journey. Amount will leverage ThreatMetrix to ensure device compliance, Smarty to prefill and validate address information, and Prove to prefill Name, Address, & Social Security Number based upon the applicant simply filling in their mobile number.

Eligibility rules will be run from top to bottom and the order will be used to prioritize which decline reasons are displayed in the adverse action template.

Third party reports are pulled, then rules are executed automatically from top to bottom based upon product configuration. Configuration options include hard declines with automated notice of adverse action (NOAA) templated communications or soft declines requiring manual review; various thresholds are also self-configurable for each rule.

After the Experian Small Business Financial Exchange (SBFE) report is pulled, decline rules are run using the report. The rules will be run from top to bottom and the order will be used to prioritize which decline reasons are displayed in the adverse action template.

The same Consumer Rules executed for the primary applicant apply here as well. Third party reports are pulled, then rules are executed automatically from top to bottom based upon product configuration. Configuration options include hard declines with automated notice of adverse action (NOAA) templated communications or soft declines requiring manual review; various thresholds are also self-configurable for each rule.

These Know Your Business (KYB) selections dictate the policy which applying businesses are screened against as a control for business verifications leveraging LexisNexis Business Instant ID (BIID) & TINCheck. Applicants may be required to re-key data or upload tax returns, business form documents, or a government-issued business license. For Secretary of State Verification a good standing certificate may be required for upload.

By default, the Amount platform will perform Know Your Customer (KYC) / Customer Identification Program (CIP) checks for four points of Personally Identifiable Information (PII) provided by the applicant against the same data points within the credit report. In the event of a data mismatch, the applicant is prompted with a series of dynamic tasks prior to the display of any rates and terms.

We have leveraged over a decade of experience as a direct lender to craft a fraud and identity verification solution. We have curated the best data sources available, targeting all aspects of an applicant's identity, including device, email, phone, address, bank account and velocity attributes. The Amount platform uses a proprietary machine learning-developed hard fraud model to assess applicants' fraud risk. This fraud model returns a simple score predicting the likelihood that a given application is fraudulent. This score, in addition to attributes from the below data sources, will be used to construct fraud rules resulting in enhanced identity verification challenges and/or manual fraud reviews.

The Amount platform facilitates validation and verification of an applicant's account information using a combination of third party data-driven, applicant-driven, and agent-driven workflows. Default configurations prioritize lowest-friction options first in order to increase applicant approval rate and reduce reliance on manual document reconciliation as an account verification technique.

Amount has partnered with ComplyAdvantage to screen applicants against the OFAC (Office of Foreign Assets Control) - SDN (Specially Designated Nationals and Blocked Persons) sanctions list. Applicants flagged as possible hits pending until an AML (Anti-Money Laundering) / BSA (Bank Secrecy Act) investigator reviews the application for risk and either rejects the application or resolves a task as a condition of approval.

Any application that has been soft declined because it did not pass a step in Amount's Intelligent Decisioning Waterfall or requires additional manual review is presented to authorized Financial Institution agents (Underwriter, Operations, Compliance, Member/Customer Support, Credit Risk, and/or Fraud Prevention) for decisioning. Authorized agents can also leverage Amount's AI Policy Optimizer and Rule Builder to make adjustments to policies where appropriate.