With interconnected devices and technologies requiring data on the daily, consumers have grown aware of their digital security and privacy. For most institutions operating in the financial sector, this drive in consumer awareness has pushed for new practices to ensure data security is preserved for clients.

Introducing: BankStatements.com.au

Emailing bank statements has always been an outdated procedure and an ongoing concern for us at Organic Home Loans. Information on how you spend, earn, and save should never be floating around in the public. To combat this, we’ve decided to partner with Illion – a leading independent provider of trusted data and analytics.

Illion’s Bankstatements.com.au platform takes the hassle away from submitting bank statements in a secure, encrypted, and timely manner.

Our partnership with Bankstatements.com.au allows our customers to streamline the loan application, removing the need for paperwork to allow our brokers to quickly get your loan approved.

What is BankStatements?

Gone is the traditional way of emailing bank statements! Upon request, BankStatements can be used by our brokers to collect bank statements with one click of a button.

As a market-leading technology designed to address consumer data protection, BankStatements can also be used to analyse your living expenses, helping our brokers to achieve faster approvals for you and your loans.

Why use BankStatements?

Outside of being a more secure way to submit bank documents, BankStatements helps streamline the home loan application process whilst removing the need for paperwork.

Thanks to the platforms direct link with your bank of choice, BankStatements automatically extracts all the necessary data without the need to dig through past statements.

With some lenders now requiring up to 6 months of statements, the platform speeds up the application process whilst skipping major steps in the home loan approval process.

Is BankStatements secure?

BankStatements is independently designed to ensure the highest levels of data protection and security. All data is server encrypted with 256-bit encryption and secured by 2048-bit keys. In layman’s terms, this is the same level of encryption that banks use.

Best of all, your customer login credentials are never stored on any server and discarded once they’ve been encrypted and linked with your bank.

How can I use BankStatements?

Upon request or recommendation, our brokers can send you a unique link for you to use illion’s BankStatements. Once the link is activated and an account is created, you will be able link your preferred bank of choice. Once linked… that’s it!

Once your account is linked with a bank, and you’ve allowed us to view your bank statements, our brokers will have all the required information required to submit and approve your loan.

For additional FAQ’s regarding illion & BankStatements, visit the FAQ page: https://bankstatements.com.au/about/faq