From origination to collection, Leasing & Lending takes the best of Open Banking and payment tech to boost acceptance rate and cut risk, delivering faster experiences that customers love.
In less than 1 min, access the borrower’s bank account and get detailed reports on current income and expenses.
Verify IDs, collect tax notices and proof of address directly from the source. Eliminate bank fraud with direct account ownership checks.
Setup repayment by Card, Pay by bank or Direct Debit. Transfer funds automatically in 10s with instant SEPA.
Catch back creditworthy “grey area” borrowers that normal rating methods would have rejected. Customers report up to 2x increase in acceptance rate, while lowering risk.
With more accurate credit risk scoring based on open banking data and flexible repayment methods, customers report default rates decreasing by 20%
Save hours in credit analysis and payment operations. Customers report fully automating 80% of all loans, and 6x increase in speed to match a customer with a lending solution.
“Powens has transformed our credit decision-making process (…) and has been essential for providing customers with loan decisions in less than 24 hours”
We serve more than 50 customers in lending, from global leaders to start-ups. Key Powens members have worked in (and even founded) lending companies.
Last year we processed 5 million affordability checks and supported the disbursement of 3 million loans, for a total amount of 800 M€.
Lending & leasing, our end-to-end solution dedicated to financing companies, is a turnkey package that removes the technical complexity of Open Banking and payments.
Powens provides an end-to-end solution covering the full credit lifecycle: instant bank account access for affordability analysis, real-time financial indicators for credit scoring, automated identity and fraud verification, instant loan disbursement via SEPA Instant Transfers, and automated repayment collection via Card (with partner PaynoPain), Direct Debit or Pay by Bank.
One Powens lending customer performed a ROI analysis and reported a 4x increase in loan acceptance rates, 8-10% reduction in default rates, and 80% automation of loan decisioning and payment processes. Another customer recorded that loan disbursements that previously took 24-48 hours now take less than 5 minutes.
The solution combines notably Transactions /Business Transactions, Wealth & Loans /Business Wealth & Loans, Accounts & Virtual IBANs, Instant Transfers, Direct Debit, Pay by Bank, Bank ID Check, plus add-ons including Lending Categorisation, Indicators for Credit Check, Pay by Card, ID Document Validation, Sanction Screening and Transaction Reading Certificate.
Powens offers Lending Categorisation (automatic classification of income and spending across 100+ categories) and Indicators for Credit Check (instant financial situation reports with income/spending ratios, balance history and recurring transaction analysis). These can assess an individual’s or a company’s default probability within 10 seconds.
Powens provides multi-layered fraud prevention: Bank ID Check verifies account ownership directly from the bank (Valitic for the Spanish market), transaction data confirms income authenticity (tamper-proof data from source), ID Document Validation embeds liveness checks. Customers report up to 60% fraud decrease.