We’ve got some really exciting product updates for the month of September where the Truv team launched our Insurance Verification product (In BETA), increased coverage substantially, and optimized login and data quality.
All of these updates furthers our vision of helping organizations to unlock the power of consumer-permissioned data. Let’s dive right in!
Insurance Verification Product Launch
A critical step in the loan approval process is verifying the applicant’s insurance coverage. To this end, we have added Insurance Verification to our product suite in order to help our Mortgage, Auto Lenders and Tenant screeners to underwrite with confidence.
Stay tuned for more details on our Insurance Verification solution that launches in Mid-October. Exciting updates are coming your way!
Truv Bridge Updates
Truv is uniquely positioned with best-in-class coverage by our ability to verify income and employment for 85% of the U.S. workforce. With this goal in mind, we have added Retirement and Disability to Truv’s coverage. Now end users who receive retirement and disability benefits can seamlessly log in with Truv’s solution to verify income instantly.
Improved Conversion with Native Resets
Our product team is keenly focused on continuous improvement. Consequently, we’ve expanded our native reset solution to add Paylocity and MyPay resets. End users, including Veterans, can reset their credentials inside Truv’s widget when they forgot their credentials OR are unable to login. This increases conversion rates substantially and keeps users within the online or mobile experience.
Better Data at Your Fingertips
Core to Truv’s mission is ensuring that our partners can underwrite with confidence. In that spirit, we have made improvements to providing more fill rates, across income, income unit, pay rate, and basis of pay across many integrations including UPS, Paylocity, OracleHCM, Gusto, USPS, Kelly Services and General Motors.
Increased Login Speed
A seamless login experience is essential to the promise of consumer-permissioned verification. With that in mind, we have now optimized 50% of our 12,800+ integrations to login under 5 seconds including Workday, MyPay, Paychex, Paycor, Paperless Employee, Paylocity & thousands more.
Truv’s Dashboard Updates
Get Notified Every Step of the Way
In an effort to keep you informed every step of the Offline flow, we have added a timeline view in our dashboard. Now you can see when an email/text is delivered to when the login was attempted, provider connected to order completed.
Additionally, we have added notifications in place when end users emails and text messages get bounced back and an option for end user to skip an order.
Join Us at Money 20/20
The biggest fintech show of the year is less than a month away, and our team would love to connect with you at Money 20/20 in Las Vegas. Our team has a private space reserved at SUSHISAMBA, which is arguably one of the best sushi restaurants in Vegas.
Check out everything that the team has put together for Money 20/20 below, and we look forward to meeting you in person!
Meet us in person!
The Truv team will be all of the below events for the month of October. Catch us at one of these events, we hope to see you in person.