What is the key benefit of Truv cleansing the bank transaction data for lenders?

The key benefit of Truv cleansing the bank transaction data for lenders is that lenders do not have to have their in-house data science team build a model to interpret the data.

This process provides lenders with the necessary data by converting cryptic transaction descriptions into ready-to-use, standardized fields, which leads to being able to confidently underwrite and process loans, faster and easier than before.