Atto Affordability Engine API
Evaluates disposable income, expenses, and repayment capacity based on bank data.
Atto's Affordability Engine API lets you submit bank transaction data you already hold and 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
Features
Benefits
Features
Bring Your Own Data
Do you already hold customers bank transactions? You can easily feed this data to Atto's Affordability Engine API.Benefits
Smarter Lending Decisions
Improved Risk Management
Faster Customer Onboarding
Reduced Manual Processing