Smile's Ability to Share Accurate Employment and Income Information of Borrowers is Transforming Credit Risk Assessment and Lending Processes

By automating the extraction and validation of income information, Smile empowers businesses to make better credit decisions, hire faster and more effectively, and streamline processes that rely on accurate income data.

Smile API's Sample Apps serves to inspire developers looking to leverage open data and create innovative solutions. By building on Smile's API, developers can unlock vast potential to enhance user experiences, improve developer efficiency, and drive better customer service.

Unlocking New Use Cases for Employment and Credentials Validation

In today's highly competitive and fast-paced business environment, hiring the right talent is crucial for success. A bad hire can have disastrous consequences, both financially and operationally, for organizations of all sizes.

API-based employment verification is a must-have for modern HR departments. With the increasing complexity of employment regulations and the risk of bad hires, companies need a more accurate and efficient way to verify employment history.

When it comes to lending, there are several best practices that can help ensure a smooth and successful transaction. These include thoroughly evaluating the creditworthiness of potential borrowers, clearly communicating loan terms and conditions, and properly managing and overseeing the loan to minimize the risk of default. By following some of these best practices, you can ensure that your organization is not only compliant with lending regulations, but also that you are making sound financial decisions.

APIs are changing the way people interact with the world around them. APIs are one of the driving forces behind what is known as "open banking" or "open finance", a movement to make financial data more accessible so that people can make better-informed decisions about their money.

We’re excited to announce a set of enhancements and new features for our product in Q2 2022. Highlights include: more data sources, including all of the Philippines' social insurance platforms such as SSS, GSIS, Philhealth and Pag-IBIG, additional data points to the API, such as contributions, support for automatic event notifications via Webhooks, and many more!

One of the biggest benefits of embedded finance is that it can help businesses expand their reach and reduce costs. This is particularly important in countries like the Philippines, which are struggling with high levels of poverty and inequality.

API stands for "Application Programming Interface." It's a set of tools and protocols that allow different programs to communicate with each other. APIs can provide access to a company's data, systems, and processes, making it easier for companies to extend their reach and interact with their customers and partners.

In this latest round of product enhancements this quarter, we are excited to announce that we have made great progress in providing you: greater worker coverage, greater data coverage, tools to more easily test the product, means to make it easier for your users to share their data with you.