Open banking alternative
A way to obtain transaction-level financial data when open banking APIs are unavailable, incomplete, or not consented typically by parsing uploaded bank statement PDFs into structured data.
Open banking works well for retail and primary-account use cases, but coverage gaps remain: business accounts at smaller banks, cross-border accounts, accounts the customer won't connect for trust reasons. The alternative is document-based: borrowers upload statement PDFs, which are parsed, classified, and analyzed to the same depth as API feeds. Done well, it produces equivalent data quality without depending on bank-side API readiness or borrower consent flows.