Financial Services Efficiency

Mortgage Verification

Applicants present income, employment, and identity credentials from their wallet to accelerate mortgage pre-approval and reduce weeks of document collection.

Verifiable Credential (VC)Verifiable Presentation (VP)

Today

  1. 1

    Gather Documents

    Collect pay slips, bank statements, tax returns, employer letters

    1–2 weeks
  2. 2

    Submit to Lender

    Upload or mail physical documents

    1–3 days
  3. 3

    Manual Verification

    Underwriter calls employers, cross-references bank records

    1–3 weeks
  4. 4

    Decision

    Approval or rejection after full review cycle

    2–5 days

With Wallet-Based Credentials

1

Present Credentials

Share income, employment, and identity VCs from wallet in one flow

2

Automated Underwriting

Credentials are cryptographically verified against issuer registries while creditworthiness still depends on external financial data such as open banking inputs

3

Instant Decision

Pre-approval issued based on verified data

What changes

Fewer details shared · More verified directly · Less manual checking

Why It Matters

Open Banking and verifiable credentials converge to enable real-time income verification without screen scraping.

European Commission — Framework for financial data access

What to Think About First

Verified at Source

Income and employment credentials issued by employer/tax authority — no forgery risk.

Competitive Edge

Instant pre-approval wins borrowers vs. competitors with multi-week processes.

Data Minimization

Lender receives only what's needed — no full financial history exposure.

Want to explore how this applies to your context?

Whether you are evaluating, piloting, or scaling wallet-based identity — let's discuss what makes sense for your organisation.

Book a call Explore EUDI Readiness

Prefer LinkedIn? Message me there .