Introduction to Income Verification
Verify a user's income, regular expenses, and disposable income from their real transaction history.
Income Verification
Income Verification gives you a data-backed affordability assessment - derived from a user's actual bank transactions, not self-reported numbers. In minutes, you know what a person earns, what they spend on fixed commitments, and how much is genuinely left over.
Use it to automate lending decisions, subscription affordability checks, or rent-to-income assessments without asking users for payslips or bank statements.
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Why transaction data beats payslips
Payslips and bank statements are the traditional way to verify income, but they have three fundamental problems: they're easy to falsify - a PDF can be edited, a screenshot altered - they're slow to collect and verify manually, and they only show a point-in-time snapshot that tells you nothing about how someone actually spends.
Transaction data pulled directly from the bank solves all three. It's tamper-proof because it comes from the institution itself, it reflects the user's current financial situation rather than last month's summary, and it's behavioural - you see what someone actually does with their money, not just what lands in their account.
Two things transaction data catches that payslips never will: a user who earns €3,000/month but carries €2,900 in fixed commitments, leaving almost nothing disposable; and a salary that's been irregular or declining for the past three months, which may signal job instability before any self-reported document would reflect it.
| Payslips / statements | Transaction data via nrich | |
|---|---|---|
| Fraud risk | High - documents can be altered | None - sourced directly from the bank |
| Processing time | Hours to days (manual review) | Seconds (automated analysis) |
| Expense visibility | None | Full breakdown of fixed and variable spend |
| Handles irregular income | No - shows fixed salary only | Yes - detects patterns across multiple income streams |
| User effort | High - locate, upload, wait | Low - bank login only |
Key concepts
How it works
You can find a step-by-step description in the next section.
Reporting period recommendationA
reporting_periodof at least 6 months is needed for reliable pattern detection. 12 months gives the most accurate picture of income stability and seasonal spending.
Coverage
Income Verification
Available across all nrich AIS-supported countries