Important Definitions

This page contains important definitions used to describe the Vidual platform

Definitions

Applicant

An individual or business represented in the Vidual platform.

Application

A single unit representing the combination of applicant details and statements. A single applicant may have more than one application. An application, once processed is represented by a GUID.

Decide

The process of running a specified decision rule against an application. The application needs to be “stored” before a “decide” is run.

Decision Rule

A rule implemented by Vidual in consultation with clients and partners which will be run across a set of application details, such as income, expenses, transactions (from OCR or supplied). Decision rules are represented by a code, for example RULEABC. This is typically supplied as the uniqueCode parameter to the relevant API methods.

Statement

A bank account statement in PDF format. Bank account statements must be in their own file (e.g. multiple statements in a single file are not permitted) and the statement must be in a format that is from a supported bank and in a supported format.

Store

The combination of applicant details and statements which are uploaded and “stored” in the Vidual platform.

Vidual

A platform which assists lenders, payment providers and other online organisations to confirm the identity, income and expenses of their customers in real time.

Vidual API

The interface used to expose the functionality of the Vidual platform to partners and clients. The Vidual API exposes this functionality via a webservice.