Atto Affordability API
Evaluates disposable income, expenses, and repayment capacity based on bank data.
Atto’s Affordability API helps businesses assess how much an end user can realistically afford to pay each month by analyzing income, spending habits, and financial commitments. Using Open Banking data or customer-provided transaction data, the solution delivers accurate affordability insights that support faster lending decisions, improved risk management, and better customer outcomes. The API combines income verification with intelligent expense categorization to provide a complete view of an individual’s financial position. By analyzing up to 365 days of transaction history, businesses can automate affordability assessments and reduce reliance on self-reported financial information. The API calculates affordability by: • Identifying recurring income streams • Categorizing transactions into spending groups • Calculating average monthly expenses • Estimating monthly affordability based on income minus spending Please note that prerequisite UI configuration is required before invoking an API from FICO Platform. Please see Atto Platform document under Deliverables to see integration details.
Features
Features
Real-Time Financial Analysis
Analyze up to 365 days of transaction data to calculate affordability using real customer financial behavior and spending patterns.