Use Case

Income Confirmation

Income Confirmation Use Case Open Banking Project

Use Case

Income Confirmation

Income Confirmation Use Case Open Banking Project

Customers often have to prove their income to third parties, which can be a complicated and time-consuming task. The Income Confirmation API provides an easy and accurate way to prove income. It automatically generates a verified income certificate based on the person's income payments to bank accounts. It gives a more complete picture of the individual's income than traditional methods (e.g. printing an account) and is more reliable as it is issued by the bank. It saves both parties time and effort.

Application Example

With the proof of income, the client can apply for a new apartment as a tenant and increase his chances of being selected by the landlord. The proof of income can also be used as proof of a regular income, e.g. for car leasing.

Prerequisite

Individual with payroll account at the bank offering the Use Case.

Potential users

Apartment rental companies, leasing companies, credit institutions