Affordability Report

Accurately assess consumer affordability

Using Centrix Affordability Reports, you can access an accurate and efficient assessment of an individual’s financial capacity to service credit repayments through bank statement analysis.

About Affordability Reports

We have paired international best practices in Open Banking with our knowledge and understanding of the New Zealand market to develop an innovative Affordability Report.

You can invite your customers to connect their financial accounts and share transaction data via our secure web-based platform powered by global expert Envestnet | Yodlee.

We will then take this enriched data and produce a clear and simple-to-understand Affordability Report that aligns with the structure defined in the CCCFA legislation.

See an example report

Affordability criteria can be redefined to match your business needs and how you assess consumers, enabling better lending decisions.

The consumer-facing platform can be custom-branded with your company logo to give customers confidence they are dealing with your business and create a consistent brand experience.

Key benefits:

  • Consumer credit data aggregation and enrichment provided by a global expert.
  • Innovative service, bringing aspects of Open Banking to the NZ finance industry.
  • Easily integrated with your current lending processes.
  • Assists you in meeting your CCCFA compliance requirements.

Accessing Affordability Reports

You can access Affordability Reports through the Centrix web portal, or we can set up an API to provide Affordability Reports within your existing systems, creating a seamless experience for your staff.

We will then work with you to set up access and configure the product to meet your objectives.

Note: The Affordability Report is a service for lenders only and requires a separate agreement from other Centrix services due to the nature of data being accessed.

Get Affordability Reports

Contact your account manager or email sales@centrix.co.nz to get started with Affordability Reports.