.png)
Leverage Akahu's open banking connectivity, PDF processing, and data enrichment capabilities via finPOWER Connect.
Akahu Apply is specifically designed to optimise New Zealand loan applications, financial hardship applications, and other types of financial assessment.
It combines Akahu's open banking connectivity, PDF processing, and data enrichment capabilities.
Loan applicants, brokers, or lenders can connect accounts or upload PDF bank statements. The data is then aggregated and enriched, delivering a high quality output dataset to make decisioning fast and accurate.
Akahu Apply significantly reduces the human time involved with preparing and assessing financial applications.
“The typical home loan application arrives as a PDF file containing between 50 to 400 pages. Akahu Apply automatically extracts the relevant data and enriches it into a useful format for our lending team. This has significantly reduced the time it takes our team to provide a decision on a home loan application, meaning that we can serve a higher volume of Kiwi consumers looking for financing solutions. We’ve been blown away by the quality of transaction enrichment and intuitive reporting.”
- Fred Ohlsson, CEO of Avanti Finance
Akahu offers the most comprehensive and precise data enrichment process in New Zealand. We detect intrabank and interbank transfers, categorise income and expenses, generate insights, and provide you with a high quality output dataset that you can trust.
Akahu Apply is able to process a large volume of transactions in seconds, returning you machine-readable and human-friendly output files that enables you to make fast decisions.
You can start using the Akahu Apply via finPOWER Connect without any technical integrations.
.png)
If you'd like to share information about Akahu Apply directly with your customers, here's a page that is specifically designed for loan applicants.
Akahu is an "accredited requestor", meaning that we are a direct participant in New Zealand's regulated open banking system.
Where possible, Akahu connects to banks using this regulated system.
.png)
We also support "classic connections" with banks and other financial service providers that are not part of the regulated open banking system.
Classic connections are facilitated by Akahu logging in as you in order to fetch the data or initiate the payment in accordance with your instructions.
Alternatively, we can provide you with a login to the Akahu Apply web portal so that you can immediately begin a free trial.
