Digital Bank Statements

Introduction - Digital Bank Statements

This feature enables the digital import of a client’s bank statement directly from their bank, simplifying the loan application process.

This feature is powered by Gathr Bank Statements (Finch Technologies), our third-party integration partner, ensuring secure and efficient bank statement retrieval.

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Getting Started - Ways to import bank transactions.

Direct Email Method

Other Methods

In the Affordability Assessment

During the Loan Origination Process, in the Affordability Assessment - select the "Get Digital Bank Statements" option.

This will prompt a user to add a new bank account or select an existing bank account.

Once authorized, Mobiloan will automatically retrieve the bank statement from the client's bank, reducing the need for manual data entry and minimizing the risk of errors.

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Bank Staetment Source

If you're creating a new bank account in Mobiloan - You will be required to select a source of th edigita bank state,emt

Upload PDF

Receive as Emaoil attachment

• The client will email their bank statement to the authorized shared email address (typically ending with @getmydoc). Screenshot Suggestion:

• Display the email interface showing the client sending the bank statement to the correct email address.

• Mobiloan Action:

  • In Mobiloan, select the "Bank Statement has been emailed" toggle. Screenshot Suggestion:

  • Show the "Bank Statement has been emailed" toggle being selected in Mobiloan.

  • Then, click "Check Inbox" to listen for incoming emails.

Download Using Online Banking

To provide their bank statement, the client simply needs to:

• Log into their cellphone banking app and generate a bank statement

• The client will be prompted to authorize the import of their bank statement. This can be done via: USSD code, or

Once received, the bank statement is transformed into a digital version and automatically stored on the client’s profile.

• The bank statement will remain in the Client Menu for easy access at any time. Screenshot Suggestion:

• Display the Client Menu showing the uploaded bank statement under documents for future reference.

Download using USSD Authoriztion

In the context of bank statement retrieval or authorization, USSD authorization allows clients to authenticate or approve a request—such as allowing Mobiloan to access their bank statements—via a USSD code. Here's how it typically works:

1. Client Action: When prompted, the client will dial a short USSD code (such as *123#) provided by the bank or service.

2. Authentication: The client will then follow the prompts to approve or authorize the requested action (e.g., retrieving their bank statement).

3. Confirmation: Once completed, the bank system sends a confirmation, and the requested action (like importing the bank statement) proceeds.

USSD is often used for quick and secure authorizations, especially in areas where mobile data is unavailable or where the process needs to be fast and simple. It provides a secure method of authentication, as it doesn't require internet connectivity or exposure of sensitive information.

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