Use Case

Income Identification

Income shock predicts default—yet identifying it is hard.

54%
Fraud Uses Fake Payslips
Source: Open Banking
3
Verification Methods
12 months
Income Trend Depth
<2 min
Avg. Verification Time
The Challenge

Why Income Identification Is Hard

Traditional income verification relies on self-declaration and manual checks — slow, fraud-prone and fragile.

Fragmented Sources

Income is scattered across sources.

Salary across multiple accounts
Self-employment & side income
Benefits & tax credits
Rental & investment income

Document Fraud

54% of fraud has doctored payslips.

Source: Open Banking

Doctored payslip PDFs
Fabricated employer details
Inflated income figures
Template-based forgeries

Point-in-Time Snapshots

Single documents miss income shocks.

Income volatility missed
Seasonal patterns ignored
No forward-looking view
Shocks detected too late
Multi-Source Verification

Three Ways to Verify Income

Different applicants need different methods. Use one or layer all three.

Open Banking Income Trends

Secure income from bank accounts via open banking. Track trends over 12 months for reliable profiles validated with customers.

Automatic salary and benefit identification with best-match algorithm
12-month income trending with income shock detection
Hybrid data playback journeys for customer validation
console.creditcanary.com — Income Verification
Predicted
£2,343.45
Declared
£2,343.45
Difference
£45
Income Breakdown
MerchantMatchShockTypeSource
Greggs Bakery Best Match High Risk Salary Open Banking
HMRC Child... Benefits Self Assessment
HMRC Child Benefit Benefits Document Upload
Employment Details
Full Time Employed · 2 yrs 2 months · Greggs Bakery · Sausage Roll Maker · £2,300/mo · Monthly

Payslip & Document Capture

Request payslips where open banking isn't available. Document verification protects against the 54% fraud with doctored payslips.

Source: Open Banking

Automated data extraction from uploaded payslips
Cross-reference against open banking and declared data
Fraud detection flags for tampered or fabricated documents
console.creditcanary.com — Add Income
Add Income Line
Income Type
Salary
Employer
Sainsburys Retail
Frequency
Weekly
Amount
£
Document Upload
Choose File
Income Line Added

Bureau Solutions & HMRC Direct

Use credit bureau data and HMRC income verification for highest assurance. Self-assessment data from HMRC is authoritative.

HMRC self-assessment income data for self-employed applicants
Credit bureau income indicators and employment data
Cross-source triangulation for maximum confidence
Multi-Source Confidence Score
Open BankingVerified
Self AssessmentMatched
Document UploadPending
Bureau DataCross-Referenced
Confidence LevelHigh
Early Warning

Detect Income Shocks Before They Become Defaults

Income shocks are a key vulnerability indicator. Credit Canary detects drops before missed payments hit.

Trend Analysis

Track income month-over-month with automated alerts for pattern changes and seasonal variations.

Declining trends Sudden drops Seasonal patterns

Payment Prediction

Predict salary dates and flag at-risk income.

Next pay date Amount prediction Late payment alerts

Vulnerability Signals

Identify vulnerability beyond income.

Returned DDs DCA flags Benefit dependency
Case Study
TSB Bank

Turning 40% of loan declines into approvals — with better data, not lower standards.

TSB partnered with Credit Canary to challenge rigid decline rules using real-time Open Banking data.

40% of declines converted
Previously rejected applicants approved with Open Banking data
4x customer response rate
Internal teams saw dramatically higher engagement
Expanding across all products
Now exploring all decline codes, broader product teams and branch network
Read the full case study
Flexible Integration

Access Income Data Your Way

White-label console, embeddable module, raw API or reports — income intelligence your way.

White-Label Console

A branded underwriting interface with search, filters and full income views.

Embeddable Module

SSO-enabled widgets you can embed directly into Salesforce, Dynamics or your own platform.

REST API + Webhooks

Full JSON via webhooks with scores.

PDF & Reports

Auto-generated income verification reports as downloadable PDFs for audit and compliance.

Built For

Income Verification That Serves the Whole Business

Income identification supports every stakeholder from automated origination to regulatory reporting.

Lending & Origination

Automate income verification at application point with algorithm-driven real-time matching.

Underwriting

Give underwriters a complete, pre-verified income picture before approval.

Compliance & Audit

Full audit trail of income sources and verification methods for FCA Consumer Duty compliance.

Ready to Transform Your Income Verification?

See how multi-source delivers faster verification.