July Product Updates: Enhanced Income Detection and Improved Balance Accuracy

Key Updates This Month

Expanded Gig Income Detection We've enhanced our transaction enrichment models by adding support for 18 additional gig economy platforms, strengthening our ability to detect and classify income from diverse sources. This improvement is crucial as the gig economy continues to grow and represents an increasingly important borrower segment.

Enhanced Flexible Rent Score Model Our Flexible Rent Score received multiple improvements this month:

• Improved Rent Model Coverage - Now detects rent transactions for 7% more users through enhanced recurrence pattern analysis
• Newly Added and Modified Attributes - Shipped new attributes for deeper rent payment analysis
  
  • missed_rent_payments_count_past_xd – detect missed payments
  • rent_payment_consistency_past_xd – track consistency over time
  • rent_to_income_ratio_past_xd – assess affordability
  • overdraft_fee_1d_before_rent_payment_count_past_xd – catch financial stress right before rent
• Updated Training Set - Incorporates recent temporal trends for more accurate predictions

40+ New Income Attributes We've introduced granular income-focused attributes across multiple income types, providing granular visibility into diverse income streams:

• Annuity & Investment Income - Track dividend, interest, and annuity payments
  
  • annuity_income_count_trend_month_x
• Government Benefits - Monitor Social Security, unemployment, and VA benefits
  
  • social_security_income_count_past_xd
• Family Support - Detect child support and pension income
  
  • child_support_income_trend_month_x
• Employment Income - Enhanced payroll, commission, and gig income tracking
  
  • commission_income_count_past_xd

10+ New Merchant Cash Advance Attributes Introduced specialized attributes for assessing business financing patterns:

• MCA Payment Analysis - Track merchant cash advance payments and repayment behavior
  
  • mca_pmt_count_month_x
• Business Health Ratios - Monitor MCA payments relative to revenue and debt service
  
  • mca_pmt_to_debt_service_ratio_month_x
• Financing Pattern Detection - Identify MCA usage trends and total debt inflow ratios
  
  • mca_trend_slope_xm

Improved Balance Analysis Accuracy Balance calculations now focus exclusively on liquid cash accounts (checking, savings, money market), excluding credit and investment accounts for more accurate cash trend analysis. This affects over 50 balance-related attributes, providing cleaner insights into what cash users actually have on hand.

Enhanced Data Management Tools

• Cash Advance Score Dashboard - Now incorporates real-time customer outcome data. See a demo here 
• Cash Advance Collections Filtering - Added account-specific filtering to allow collections team to target payments for certain accounts
• Extended Plaid Reset History Support - Enables partial data wipes for disconnected accounts

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These updates reflect our ongoing commitment to helping lenders understand their customers' financial behaviors more deeply and make more informed credit decisions. Check out our full changelog for additional technical details and implementation guidance.