The Future of Lending is Here
Transform your lending operations with Smile API—the platform designed to modernize how you verify borrower data, automate underwriting, and assess risk. Smile API empowers lenders to make faster, data-driven decisions while expanding access to financial services for all borrowers, including the underbanked and gig workers.
Trusted by many leading lenders!
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Challenges in Traditional Lending
Manual Verification Inefficiencies
Slow, error-prone processes delay approvals and frustrate applicants.
Data Fragmentation and Inaccuracy
Siloed, outdated, or incomplete information hinders reliable decision-making.
Risk Assessment Difficulties
Limited insights make it hard to detect fraud or accurately evaluate creditworthiness.
Limited Access for Underbanked
Traditional checks often exclude gig, freelance, and underbanked borrowers.
How Smile API Transforms Lending
Real-Time Data Access
Instantly retrieve up-to-date income, employment, and identity data from verified sources.
Comprehensive Borrower Profiles
Build a 360° view of each applicant for more accurate credit decisions.
Enhanced Fraud Detection
Identify inconsistencies and red flags before they impact your portfolio.
Key Features for Lending
Income Verification
Access verified, recent income data for confident lending decisions.
Employment History
Confirm job status and work history directly from payroll and government sources.
Identity Verification
Ensure applicant authenticity and meet KYC requirements.
Credit Risk Assessment
Leverage behavioral and alternative data for smarter risk evaluation.
Use Cases
Loan Origination & Underwriting
Accelerate approvals and automate checks for personal, business, or salary loans.
Credit Scoring & Decisioning
Supplement or enhance traditional scoring models with real-time, verified data.
Portfolio Management
Monitor borrower risk and update profiles as new data becomes available.
Impact for Lenders and Their Customers
Smile API creates a better experience on both sides of the lending process—helping lenders approve faster with less risk, and giving borrowers quicker, more accessible financing.
For Lenders
Faster Approval Times
Move from days to minutes with automated workflows.
Reduced Operational Costs
Minimize manual work and resource allocation.
Increased Customer Reach
Serve more borrowers, including those with limited credit history.
For Borrowers
Easier Application Processes
Fewer documents, less hassle, and instant verification.
Quicker Access to Funds
Get approved and funded faster than ever.
Greater Financial Inclusion
Unlock opportunities for gig workers, freelancers, and the underbanked.
Ready to transform your lending operations?
Get started today with Smile API
Frequently Asked Questions
How does Smile help with Credit Decisioning?
Credit decisioning becomes more efficient and effective with Smile API. By integrating employment verification into the decision-making process, lenders can gain a deeper understanding of an applicant's employment stability and income reliability. This information is crucial when assessing an individual's ability to repay a loan. By leveraging comprehensive data, credit officers can make more informed decisions, leading to optimized risk management and a reduction in default rates.
How does Smile help with Credit Scoring?
Credit scoring models benefit significantly from the additional data points provided by Smile API. Traditional credit scores primarily focus on repayment history, credit utilization, and other financial metrics. Smile API complements this by offering alternative credit data, such as employment tenure and income trends, which can be particularly valuable for thin-file or no-file individuals who might not have an extensive credit history. Incorporating employment data into credit scoring algorithms can lead to more nuanced and accurate credit scores.
How does Smile help with Loan Underwriting and Credit Decisioning?
During the loan underwriting and credit approval process, Smile API's employment and income verification can streamline application reviews, reducing the time and resources spent on manual checks. For applicants, this can mean faster turnaround times for credit approvals and a better customer experience. For lenders, it means a more efficient process with less manual labor, allowing them to focus on serving more customers and growing their business.
How do you secure your API?
All data from Smile API is encrypted at RSA 4096 with SHA-256 signing for maximum security. Additionally, Smile does not store end-user credentials at any point: we pass these directly to the data source's servers via TLS to initiate the process of information sharing.
Is your API compliant with the data privacy act?
Smile believes in the sanctity of one's privacy and that our users are the owners of their personal data, and should always be in full control when and to whom they share their data. Smile seeks to comply with all local laws around data privacy. In the Philippines, we comply with the Data Privacy Act of 2012 (RA 10173) and we help users exercise their right to Data Portability under Section 18 of the Philippine Data Privacy Act.
Sharing users' data with our clients is done provided on a revocation-based model: only via explicit consent of the user via our SDK. Users can, at any point, revoke access to their data through this same means, making sure they are in full control when and to whom they share their own data.
All information is deleted and irretrievable once users have revoked access. Any other data is retained for 60 days, after which all personal data is anonymized.
We also maintain a Privacy Policy so you can be sure how your data is being used.
What data sources are available?
We have a wide range of data sources available for users to connect to, from social security institutions as well as various salary and gig platforms.
To see our full list of data sources, you can get free access to our developer portal and test our platform out for yourself. You may also book a call with us to find out more.
How scalable is your API?
Smile limits the amount of API calls that can be made to each endpoint to ensure the stability and availability of the platform for all users. At the moment we only allow clients a maximum of up to 20 requests per second per IP address across all API endpoints. Automatic expansion mechanisms and load balancing assure that service uptime is maintained.
Can we get free credits to try live data on our account?
Book a call with us to find out how to gain free credits for production mode on your account.
Which Mobile OS and Runtime does Smile's Wink SDK support?
We support the following:
IOS Native
Android Native
Flutter
React
Our Wink Widget sits on a webview window above your native app and may be closed by you or the user at any time to go back to your app.
