Open finance, now

By using enabling users to drag and drop documents like bank statements or a wide variety of proofs of address, it eliminates the need for them to manually type in data. This can reduce time taken to onboard by up to 80%.

Additionally, by having documents and the data in them to hand, consumers are better prepared to answer every question, including details they may not remember like renewal dates or excess amounts. Our data shows consumers are more likely to complete a journey in a single sitting, lowering abandonment rates.

DataWollet’s technology is designed to make existing data reusable and accessible. It is designed to do so without hallucinations, and with strict limits to prevent flawed assumptions.

Our AI is designed and specialised purely to enable data extraction and reuse – it does not make decisions, attempt to be creative, or make assumptions that aren't supported by the data source. By composing our end models of logic rules a normal person can comprehend, it is also a form of explainable AI, which regulators love.

Research shows that commercial large language models such as ChatGPT, Copilot and Gemini struggle with both hallucinations and arithmetic such as counting because of how their AI works. All LLMs hallucinate because of the breadth of their training data and their general knowledge.

DataWollet uses a proprietary neuro-symbolic AI to understand data sources including documents. It only provides data that is supported by the data source, using logic rules, and is typically 100% accurate for most documents without any hallucinations.

DataWollet offers a wide range of solutions for integration, designed so you can start realising benefits as quickly as possible. These include APIs and webhooks for integration with back-end systems, and a library of front-end components, which can be used starting with just four lines of code. You can also connect directly with our own web applications, such as the affordability tool, with data flowing in both directions.

Our front-end components are used by most of our customers to get started, as it can operate entirely on top of and in harmony with your existing websites, forms and systems.