DataWollet - Unlock the power of open finance

Q: How does DataWollet help me convert more customers?

DataWollet helps achieve a 26% increase in conversion by streamlining the customer journey and reducing abandonment.

Q: How does DataWollet save time when onboarding a customer?

DataWollet can reduce time taken to onboard by up to 80%, saving approximately 1 hour per client.

Q: How does DataWollet read documents so accurately?

DataWollet uses explainable AI to make existing data reusable and accessible, achieving typically 100% accuracy in document reading.

Q: Why should I use DataWollet over other AI options?

DataWollet offers comprehensive coverage, anti-tampering measures, and works for customers who don't use open banking, filling gaps that other solutions miss.

Q: How does DataWollet integrate with my existing systems?

DataWollet offers quick, easy integration starting with just four lines of code, using front-end components or simple, clearly documented APIs.

Features

One gateway for every data source

Make data collection effortless by combining data from open banking, statements, payslips, utility bills and emails, all extracted and enhanced using trustworthy artificial intelligence.

Simple

All the data you need

Remove the need to integrate and use multiple solutions for open banking, ID verification, credit referencing, proof of address, and more.

Instead get everything through the DataWollet open finance API.

Elevated

One user journey

DataWollet lets organisations choose the type of evidence to accept, and the criteria it needs to meet. Also, customers can choose how they share the data including via open banking, documents, or email.

With only 13% of UK adults currently using open banking to share data (Ofcom), DataWollet offers alternatives.

Accurate

Typically 100% accurate

Our proprietary logic-based AI can't hallucinate and isn't biased. You get reliable, accurate data you can trust.

Trusted

Anti-tampering measures

Our solution is able to detect when document content has been faked, hidden or manipulated.

Easy

Quick, easy integration

Use our front-end components, starting with just four lines of code, or our simple and clearly documented APIs.

Benefits

Unlocking opportunities with the power
of trusted data

Access to data on demand with comprehensive coverage reduces risk and transforms business opportunity.

Data on demand

The information you need

The simple way to access data on banking, insurance, mortgages, investment, savings and much more. Providing the data that open banking can't.

Single unified API

Stand-alone solutions and multiple integrations options

Eliminate manual data entry

Complete coverage

Works for everyone

Only 13% of UK adults use open banking to share data. Many banks, providers and products are not included. DataWollet fills the gaps.

Customers don't need open banking

Use documents such as statements and payslips

Single journey irrespective of how data is sourced

Reduce risk

Don't miss issues

Our signals alert you to any potential risk factors especially those that can be easily missed by the human eye. For peace of mind in decision making.

Gambling and debt flags

Balance anomalies detected

Document tampering detected

Data on demand

The information you need

The simple way to access data on banking, insurance, mortgages, investment, savings and much more. Providing the data that open banking can't.

Single unified API

Stand-alone solutions and multiple integration options

Eliminate manual data entry

Reduce risk

Don't miss issues

Our signals alert you to any potential risk factors especially those that can be easily missed by the human eye. For peace of mind in decision making.

Gambling and debt flags

Balance anomalies detected

Document tampering detected

Complete coverage

Works for everyone

Only 13% of UK adults use open banking to share data. Many banks, providers and products are not included. DataWollet fills the gaps.

Customers don't need open banking

Use documents such as statements and payslips

Single journey irrespective of how data is sourced

Proven results

Huge benefits, simple to access

Join mortgage brokers, credit unions, comparison sites and insurers who are all benefiting from DataWollet today.

Proven to transform conversion

DataWollet's web components were embedded in the home insurance journey using just four lines of code. Customers could use previous policy documents to avoid data entry, cutting the time to onboard in half and boosting conversion.

"DataWollet have been outstanding partners from the outset. They respond quickly and adapt with ease. We have been impressed not only by their technology but also by their people."

Matt Harwood

Product Manager

Our features

Flexible and straight forward

Making your life easier at every stage of the customer journey

Broad coverage

100+ document types

We already support all major UK bank statements, utility bills, home and car insurance documents, mortgage statements, and more.

Proven

20% increase in conversion

Take the pain out of your customer journey, reduce abandonment and delight customers.

Free up capacity

Save 1 hour per client

Massive produvctivity savings on every loan or mortgage application, and especially when a customer has multiple bank accounts.
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Use data, not guesswork, to complete affordability assessements.

Free trial

View pricing

FAQs

Frequently asked questions

How does DataWollet help me convert more customers?

More than half of customers who want a financial services product such as home insurance or new bank account give up because it’s just too painful. By removing manual data entry, and so taking away the pain, users are more likely to complete the journey and covert to paying customers.

We have proven a 26% increase in conversion with some clients. Less friction means lower abandonment, resulting in higher conversion.

How does DataWollet save time when onboarding a customer?

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.

How does DataWollet read documents so accurately?

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.

Why should I use DataWollet over other AI options?

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.

How does DataWollet integrate with my existing systems?

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.