We’re excited to announce our Income 2.0 API, which calculates an end user’s income by processing real-time financial transactions with the Okra NLU (Natural Language System). The NLU incorporates online machine learning and active learning to provide cash flow insights on multiple income streams.

Income makes it easy to understand the structured and unstructured income sources of your user. This provides a wealth of opportunity in KYC validation, enabling critical eligibility information like employment verification, spending patterns, and credit worthiness.

Understanding your customer's income history enables you to speed up your decision-making process. Income 2.0 provides accurate and extensive income data for many use cases, including disbursement amounts, product recommendations, payment tenures, and more.

Use Income 2.0 to:

• Automate decision-making processes based on salary.

• Provide personalized product recommendations based on earning power.

• Determine reasonable repayment tenures for the lending industry.

• Use the trailing income history averages to see if salary is going up or down over time.

• Rank income streams to weigh repeatable salary payments and other more random deposits.

Check out the docs here, API reference here, or talk to an expert to get started.