Improving Wealth Outcomes Through Data, Analytics and Research

Enabling instant and fully informed financial and advisory decisions through secure access to complex customer data.

The World is Changing

        Tightening Regulation now requires higher levels of data compliance and responsible business practice

        Accelerating Technology is placing pressure on organisations to quickly adapt and rapidly transform

        Increasing Customer Expectations are demanding low friction experiences and greater personalisation

MOGOPLUS is a secure online financial assessment solution built for the new data economy.

MOGOPLUS allows consumers and businesses to exchange complex financial data with their financial services provider with total security and privacy. MOGOPLUS instantly analyses and structures this data, enabling our customers to achieve their Instant Decisioning, Straight Through Processing and improved customer experience goals whilst dramatically reducing compliance and operational costs.       

The patented MOGOPLUS technology works seamlessly across all parts of the lending and advisory value chain.

We are an independent company, operating globally and partnering directly with a range of organisations in the market.

 

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All MOGOPLUS solutions are supported by our Brand Promise

Security           Privacy           Compliance

How it works

  • 1

    ACCESS

    MOGOPLUS is either integrated into the lender’s application, or access is provided through a secure link. When users access the service, they log-in in the same way as they would their online banking

  • 2

    CONTROL

    One-time digital access to the client’s data is provided by a sealed smart browser. The consumer retains complete control over their online security during the process; log-in credentials are not seen, handled, or stored by third-parties or MOGOPLUS

  • 3

    PROCESS

    Transaction data is captured electronically or by document upload. Our categorisation and structure engines then process and organise the data to match your specific credit policies and rules frameworks.

  • 4

    DELIVER

    Results are delivered via API or our customer dashboard. Typical processing times are 15-20 seconds from submission. Lending decisions can be made instantly and responsible lending requirements met

Our products

Our products are used by some of the world’s biggest banks and financial intermediaries to improve their efficiency, security, and speed; these benefits enable our typical customer to unlock huge cost savings. We provide a range of services to ensure organisations can collect the right information for each situation:

FEED DOCUMENTS

Extract, process and analyse consumer financial data from documents, e.g., payslips or bank statements

SWITCH

Pain-free switching from another lender. Instantly verify a consumer’s name, address and bank account information, including Direct Debits and Standing Orders

STRUCTURE AS A SERVICE

Automatically organise transactional data according to your in-house rules and categorisations

ID

Verify consumer’s name and address

INCOME & EXPENSE

Verify a consumer’s name, address, bank account information, income and expenditure items

INCOME ONLY

Verify a consumer’s name, address, bank account information, and any sources of income

MATCH

Verify a consumer’s name, address and bank account information

Advantages

Speed & Efficiency

The end-to-end process takes just minutes, saving time and improving the customer journey for consumers. Lenders can save hours of manual processing time per transaction, enabling them to process more applications from consumers and dramatically increasing their productivity

SECURITY

Single-use connection using 2048-bit RSA encryption with no storage of log-in credentials. MOGOPLUS has passed security assessments conducted by major banks, global consulting firms and 3RD-party IT and security consultants

Compliance

MOGOPLUS is compliant with GDPR, PSD2, ISO 27001, and the Data Protection Act. Unlike competitor solutions, MOGOPLUS does not see or store consumers log-in credentials

Convenience

Provide your customers with a faster response time and an easier and more secure way to share their data across multiple institutions and accounts

ACCURACY

Analyse a consumer’s bank and credit card transactions in real-time. Complete data on the client’s income and expenditure enables affordability calculations with improved accuracy

Insights

Lenders get deep insights into their client’s real financial profile, reducing the risk of lending, and enabling them to select appropriate products for each customer

REDUCE FRAUD RISK

Research shows that 96% of mortgage fraud is as a result of applicants falsifying the information they provide. MOGOPLUS is able to extract bank-branded statements directly from the consumer’s bank account; these statements are both accurate and tamper-proof

FLEXIBILITY

Receive output in three different ways: customisable MOGOPLUS reports (which can be matched to your in-house assessment criteria), bank-branded statements, or as raw JSON data. Data can be uploaded for analysis by PDF (original bank statement), data feed, or by direct access to online banking

CATEGORISATION

Our proprietary categorisation engine provides lenders with a granular overview of their client’s spending patterns. By revealing specific amounts paid for related financial products, MOGOPLUS enables effective cross-selling of other products

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