Recurring Income Checks -
Now Available

Income and employment verification shouldn’t be a one-time event. Today’s borrowers live dynamic financial lives—changing jobs, adding side hustles, or experiencing income fluctuations that can impact affordability and risk.

With Teal’s Recurring Income Checks, you can now monitor income and employment data on an ongoing basis, ensuring your credit decisions remain accurate, compliant, and fair throughout the lifecycle of the loan.

Why Recurring Checks Matter

Traditionally, lenders have relied on static snapshots of income during onboarding—often based on payslips or self-reported data that quickly becomes outdated. This approach leaves lenders exposed to:

• Rising Risk: Income drops, job changes, or employment terminations can go unnoticed until it’s too late.

• Compliance Gaps: Regulations like the FCA’s Consumer Duty demand ongoing affordability monitoring to ensure borrowers aren’t overextended.

• Operational Bottlenecks: Manual rechecks are slow, resource-intensive, and often inconsistent.

With Recurring Income Checks from Teal, you can move from static to dynamic verifications, transforming how you manage risk and compliance.

How Recurring Income Checks Work

Teal’s Recurring Income Checks integrate directly with payroll systems, giving you real-time, verified updates on a borrower’s income and employment status at the frequency that fits your risk model.

• Flexible Scheduling
Choose the cadence that aligns with your product and risk appetite—monthly, quarterly, or customized to your needs.

• Automated Monitoring
Receive alerts when key changes occur—such as income drops, job changes, or revocations—so you can take action quickly.

• Dynamic Risk Management
Adjust credit lines, payment plans, or risk assessments based on up-to-date income data.

• Compliance-Ready
Build audit trails and consent logs into every check—fully aligned with Consumer Duty and other regulatory requirements.

Use Cases

• Dynamic Credit Products: Adjust credit lines or repayment schedules automatically as a borrower’s income changes.

• Ongoing Risk Assessments: Stay on top of affordability risks, especially in volatile sectors or for gig workers.

• Portfolio Management: Segment and manage your book dynamically—targeting high-risk segments before they become a problem.

Why Teal’s Approach Stands Out

Teal’s Recurring Income Checks are built on the same payroll-first, user-consented foundation as our core API—ensuring accuracy, transparency, and trust. With our modular architecture, you can easily integrate recurring checks into your existing workflows, whether through the Teal Console or our API.

• Real-Time Data: Verified at the source—no guesswork or delays.

• User Consent: Always clear, secure, and auditable.

• Seamless Integration: Works right alongside your onboarding and risk management processes.

Build Safer, Fairer, and More Responsive Credit

With Recurring Income Checks now available, you can finally align your risk management with the realities of how people earn and live—dynamic, diverse, and always changing.

Ready to activate Recurring Income Checks? Visit goteal.co to get started.