Secure financial evidence collection
Gather real-time financial information securely through Open Banking, helping you make faster decisions, reduce fraud and deliver support sooner.
A faster way to collect financial evidence
Collecting and reviewing bank statements is often one of the most time-consuming parts of delivering financial support.
Applicants need to download documents, upload files and provide missing information, while teams spend valuable time chasing evidence, manually reviewing statements and managing sensitive data.
Lightning Reach uses Open Banking to help organisations gather financial information securely and efficiently. Applicants can connect their bank accounts in less than a minute, giving authorised teams access to real-time financial information without the need for paper statements or manual uploads
Benefits of Open Banking
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Speed up applications and assessments
Applicants can securely share complete financial information in minutes, reducing delays and missing documentation. Your team can use filters and searches to quickly review statements, reducing manual work and speeding up decision times.
Reduce fraud and improve accuracy
Financial information is provided directly by the applicant's bank, helping prevent manipulated or altered statements and giving teams greater confidence in the information they receive.
Improve security and compliance
No need to store large volumes of bank statements or sensitive financial documents. Data is shared securely through our FCA-regulated Open Banking provider, Plaid.
What our partners say
Having open banking is amazing! It's so secure. The data protection and data security means we're not having to store bank statements.
Justine, PA Housing
After implementing Open Banking through Lightning Reach, PA Housing removed the need to collect and store bank statements, giving caseworkers access to secure, real-time financial information while reducing administration for both staff and applicants.
Finding support through
Lightning Reach
Need help? We've answered some of the questions we hear most often.
What is digital voucher delivery?
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How does Open Banking work?
Applicants can securely connect their bank accounts through Lightning Reach in less than a minute. This allows organisations to access real-time financial information without requiring bank statements or manual uploads.
Is Open Banking secure?
Yes. Lightning Reach uses Plaid, an FCA-regulated Open Banking provider. Connections are secure and read-only, meaning no one can move money or access banking login details.
Can Open Banking help reduce fraud?
Yes. Financial information is shared directly from the applicant's bank, helping organisations verify information more confidently and reducing the risk of altered or manipulated documents.
Do applicants need to upload bank statements?
No. Open Banking provides a secure alternative to collecting and reviewing bank statements, making the process quicker and easier for both applicants and support teams.
What if someone doesn't want to use Open Banking?
Using Open Banking is optional. Organisations can continue to collect financial evidence through other methods where needed.
