Income Passport with Data Ferret
SteadyIQ’s Income Passport is powered by what we refer to as our “Data Ferret.” TheData Ferret is a collection of processes and algorithms designed to make sense ofuser-permissioned data in order to make the income verification process 1) easier forindividual users while 2) ensuring the integrity of each Income Passport report forpartners.Income Passport collects data from various sources, such as linked financialinstitutions, payroll accounts, user-provided files, and third-party sources. As thesedata and files are compiled in SteadyIQ’s database, the Data Ferret begins cleaning,enriching, and analyzing this financial data for both personal and business needs.The result is an Income Verification report that can be used for both personal andbusiness purposes.Since Data Ferret is part of the Income Passport SaaS solution, both SteadyIQ’spartners and users benefit as our AI/ML models continually get smarter.
What can SteadyIQ’s Income Passport verification reports be used for?
The SaaS solution powered by our Data Ferret can provide various services,including employment and income verification, identity verification/personalbackground checks, benefits program qualification, financial analysis, and frauddetection.For our users
● Everyday bookkeeping, business administration, and taxpreparation
● Personal and business analysis, including statistical analysis, ofcompiled financial data for a variety of purposes, includingpreparation of business reports and assistance with personalfinance.
● An easier way to navigate their financial data by leveraging oursearchable database.
● Information about the legal eligibility requirements for governmentand other programs they may be applying for.For our partners, SteadyIQ’s Income Passport provides
● Income verification services via compilation of personal/businessfinancial information for:
■ Financial auditing, including for regulatory compliance● Employment verification, which can be used to
■ validate the existence of income
■ Validate the identity of an employer
■ Provide additional credibility to any reported job type andassociated skills/knowledge associated with specificjobs on behalf of our partners.
● Identity verification, including registering, screening, and theverification of credentials (e.g. name, address) ofindividuals/businesses.
● Financial auditing for both individuals and businesses.
Want To Use Income Passport With Data Ferret For Your Organization?
