Chart

Comprehensive Introduction

Chart is a powerful, API-first platform designed for modern fintech companies, lenders, and financial institutions. Its core mission is to provide seamless, secure, and instantaneous access to official IRS tax records, which serve as the ultimate source of truth for an individual's or business's financial standing. This capability allows organizations to automate critical processes such as income and employment verification, loan underwriting, and client onboarding. By establishing direct connections to government sources (the IRS) and leading tax preparation platforms, Chart bypasses manual, error-prone document handling. It transforms complex tax documents into clean, structured, and machine-readable JSON data, making it incredibly easy for developers to integrate this vital information into their existing applications and decision-making engines.

How to use Chart

Using Chart is a streamlined process designed for developers and their end-users:

1. Integration: Developers begin by integrating Chart's developer-centric REST API into their application, website, or internal workflow. The platform provides comprehensive documentation, SDKs, and a sandbox environment to facilitate a smooth and quick setup.
2. Initiate Verification: Within the fintech application, a request for income or financial verification is initiated for an end-user (e.g., a loan applicant).
3. Client Consent Flow: The end-user is guided through a secure and intuitive consent flow. Chart prioritizes user control, and the user explicitly chooses which documents and information to share.
4. Flexible Submission: The user is given multiple options to provide their records. They can connect directly to their IRS Online Account, link their account from popular tax preparation software (like TurboTax or H&R Block), or, if needed, fill out official IRS forms digitally.
5. Instant Data Retrieval: Once consent is granted, Chart's system instantly and securely fetches the authorized tax records directly from the source in real-time.
6. Data Structuring: The platform's advanced processing, including automatic OCR, parses the tax transcripts and converts them into well-formed JSON data. This eliminates the need for manual data entry or parsing on the client's side.
7. Data Utilization: The fintech company receives the verified, structured data via the API and can immediately use it for their automated underwriting, risk assessment, or onboarding processes, leading to faster and more accurate decisions.

Core Features of Chart

• Real-time IRS Data Access: Establishes a direct, live connection to the IRS to retrieve the most up-to-date tax records within seconds.
• Verified Document Source: Eliminates uncertainty and fraud by sourcing financial data directly from government systems and leading tax software providers.
• Structured JSON Output: Automatically transforms unstructured tax documents and transcripts into clean, organized, and easy-to-integrate JSON data.
• Developer-Friendly API: Offers a robust REST API, complete with SDKs, sandbox environments for testing, and top-tier documentation to empower developers.
• Flexible Client Submission Options: Provides end-users with the flexibility to submit records by connecting to their IRS Online Account, linking tax software, or filling out forms.
• Enterprise-Grade Security: Features SOC 2 Type II compliance, non-persistent credentials (credentials are never stored), granular access control, and PII (Personally Identifiable Information) reduction to ensure the highest standards of data security and privacy.
• FCRA Compliance: Operates in full compliance with the Fair Credit Reporting Act, ensuring the legal and ethical handling of sensitive consumer financial information.

Use Cases for Chart

Chart is versatile and can be applied across various financial scenarios:

• Mortgage and Loan Underwriting: Lenders can instantly verify an applicant's income, tax payment history, and overall financial health, dramatically accelerating the loan approval process.
• Fintech Onboarding: Financial technology apps can automate new user onboarding by instantly verifying financial details without requiring manual document uploads.
• Tenant Screening: Property management companies can reliably verify the income of prospective tenants to assess their ability to pay rent.
• Employment Verification: For roles requiring financial vetting, employers can confirm a candidate's stated income and financial history.
• Credit Risk Assessment: Financial institutions can obtain a more comprehensive view of a consumer's financial position beyond what a traditional credit report offers.
• Business Lending: Lenders can assess the financial health of small businesses by accessing their official business tax records.

Advantages of Chart

Chart offers significant advantages over traditional verification methods:

• Speed and Efficiency: Reduces verification times from days or weeks to mere seconds, automating a previously slow and manual process.
• Accuracy and Reliability: Delivers data directly from the IRS, the ultimate source of truth, which minimizes errors and effectively combats document fraud.
• Improved User Experience: Offers a seamless, digital, and flexible consent process for end-users, improving customer satisfaction and conversion rates.
• Enhanced Security and Compliance: Built with a security-first mindset, its SOC 2 and FCRA compliance protects both the business and its customers.
• Seamless Integration: The developer-centric design and powerful API make it straightforward to embed Chart's functionality into any existing system or workflow.

Pricing and Plans

Chart's pricing is tailored for businesses and is typically based on usage volume and specific needs. The website encourages potential customers to "Book a Demo" to discuss their requirements and receive a custom quote. This B2B model ensures that the plan is aligned with the company's scale and use case. There is no public pricing list available; contact their sales team for detailed information.