How Payroll APIs Cut Fraud & Speed Up Lending Decisions
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Fraudulent income documents are more common than many think. Based on our research, more than 10% of payslips submitted in credit applications are fraudulent or manipulated. Manual checks are slow, error-prone, and can generate drop-offs. With Teal’s Income API, you get consent-based verification directly from the source, reducing fraud, lowering financial crime risk, and accelerating decisions.
Fraud Reduction, Built In
With AI and improved image generation tools, financial documents are easier to fabricate than ever before. With Payroll APIs, data comes straight from the source: verified income, deductions, employment information.
Why it matters:
- Stronger fraud prevention with tamper-proof data
- Stronger audit trail for compliance and affordability checks
- Faster onboarding without risky shortcuts
Faster Credit Decisions
Every delay adds drop-offs. Payroll APIs plug directly into digital loan application journeys, delivering verified data in seconds. Lenders can automate affordability checks and reserve manual reviews only for exceptions.
Why it matters:
- Shorter application times lead to higher conversion
- Lower operational cost
- A smoother borrower experience
Smarter Risk Monitoring
Affordability isn’t static. Recurring income checks help credit teams spot risks early and capture upside when borrowers’ earnings increase.
Why it matters:
- Proactive risk management
- Compliance with Consumer Duty regulations
- More responsible lending practices
The future of lending is faster, safer, and more transparent. Payroll APIs cut fraud, speed up decisions, and build trust into every application.
Ready to see how? Visit goteal.co to start building the future of lending today.