TransUnion adds Snappt income verification to its SmartMove screening platform

TransUnion is integrating Snappt’s AI-powered income verification into its SmartMove platform. This update targets the growing problem of application fraud. For business owners and operators who offer financing or high-value leases, this means a more automated way to catch fake paystubs and doctored bank statements. The tool doesn't just check credit scores. It looks at the actual documents submitted by the applicant to ensure they haven't been digitally altered. In the current market, manual document review is slow and prone to human error. By automating this, you can speed up the approval process while lowering the risk of future defaults or evictions. While this specific launch is branded for independent landlords and property owners, it represents a wider shift in the consumer financing industry. Lenders are moving away from self-reported data toward verified, anti-fraud technology. If you are operating in high-ticket retail or leasing, you should expect these types of verification barriers to become the new industry standard to protect against sophisticated digital fraud.

Source: Finextra — Lending

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