Summary
Method's Portfolio Intelligence product addresses a structural blind spot in consumer lending: lenders know a lot about borrowers at the point of origination but almost nothing afterward. By connecting directly to 20,000+ financial institutions and monitoring 90+ financial health signals, Method enables lenders to track changes in a borrower's broader debt position over time without requiring reauthentication. The product serves three use cases: identifying cross-sell opportunities (debt consolidation, HELOCs), spotting credit deterioration early, and reconnecting with previously declined applicants. An eight-week pilot with a national mortgage provider showed a 40% increase in borrowers qualifying for debt consolidation and $4,000 average savings per borrower.
Key Points
- 90+ financial health signals monitored through direct connections to 20,000+ financial institutions
- No reauthentication needed after initial consent at origination
- 8-week pilot: +40% debt consolidation qualification, +27% HELOC eligibility
- Pilot: borrowers moved from 24% credit card APR to ~7% mortgage rate, saving ~$4,000/borrower
- 55M+ people connected through Method's system; 1 in 3 credit cards connected
- Clients: SoFi, Figure, Bilt, Aven, Cleo; 100+ fintechs/financial institutions
- Three use cases: cross-sell, credit deterioration alerts, reconnecting with declined applicants
- Signals tracked: utilisation rates, payment behaviour, payment-to-minimum ratios, autopay changes
- Liability data focus: visibility into obligations outside lenders' internal records
- CEO Jose Bethancourt: lenders "blind to both the opportunities and risks within their existing customer set"