Rightfoot is building no-login, up-to-date banking and credit data to bring financial institutions and lenders frictionless asset and liability data, eliminating the need for customers to log in to external data aggregators. This approach offers significant value to Rightfoot's clients by reducing user drop-off rates during the data retrieval process, which can reach as high as 70%, hence improving conversion.
Rightfoot's solution leverages existing client data such as names, addresses, and bank account numbers to unlock a range of real-time, consumer-specific data points. These include up-to-date bank account balances, transaction history, credit card balances, and merchant-level transaction details. This data surpasses the time and richness limitations of traditional credit bureau data, as well as opens up opportunities for various applications.
The market for this consumer-permissioned data is substantial, spanning one-click underwriting, account monitoring, delinquency warnings, fraud prevention, and even extending to industries beyond finance.
Rightfoot is building no-login, up-to-date banking and credit data to bring financial institutions and lenders frictionless asset and liability data, eliminating the need for customers to log in to external data aggregators. This approach offers significant value to Rightfoot's clients by reducing user drop-off rates during the data retrieval process, which can reach as high as 70%, hence improving conversion.
Rightfoot's solution leverages existing client data such as names, addresses, and bank account numbers to unlock a range of real-time, consumer-specific data points. These include up-to-date bank account balances, transaction history, credit card balances, and merchant-level transaction details. This data surpasses the time and richness limitations of traditional credit bureau data, as well as opens up opportunities for various applications.
The market for this consumer-permissioned data is substantial, spanning one-click underwriting, account monitoring, delinquency warnings, fraud prevention, and even extending to industries beyond finance.