If you're looking for a Nova Credit alternative, Ocrolus is another option. The company uses AI to categorize, extract and analyze financial documents, and it's designed to produce accurate assessments of credit risk and fraud risk. It can process a variety of documents, including bank statements, paystubs and mortgage statements, and is geared for consumer and small business lending, but other industries also can benefit.
Another choice is Envestnet | Yodlee, a financial data aggregation platform. With access to more than 17,000 data sources around the globe, it can offer detailed views of customers' financial lives, including alternative credit data. It's geared for financial institutions and fintech companies that want to improve lending and customer satisfaction.
If you want a more streamlined lending process, MeridianLink could be helpful. The digital lending platform offers a range of customizable tools, including a Loan Origination System and a Mortgage LOS, designed to automate and manage loan applications. It can handle a range of financial products and can integrate with outside partners for better consumer engagement and loyalty.