Skip to main content

​
Cove Studio Terminology

​
Nodes

Nodes are the building blocks of a fintech workflow. Each node can provide a specific functionality. For example:
  • Employment Verification: Validate employment directly through payroll systems.
  • Financial Verification: Real-time insights into financial behaviors and income by connecting to the applicant’s bank.
  • ID Verification: Biometric and cross-national ID verification for applicants from 180+ countries.
  • Background Check: Screen over 100,000 sources to identify potential fraud, criminal history, or risks.
  • Credit Report: Access detailed credit reports from Equifax, TransUnion, and global credit databases.
  • Residence History: Collect information about an applicant’s past residence history.
  • Personal Info: Collect references for applicants.
  • E-Signature: Let applicants sign documents digitally.
  • Custom Form: Add a custom form to the workflow.
More nodes are being added over time.

​
Flows

Flows allow you to connect multiple nodes together to create a fintech workflow. With Cove Studio, you can create and launch new flows in under 5 minutes. Simply drag and drop the desired nodes, preview the flow, and once satisfied, hit Publish.

​
Node Highlights

​
Payroll Verification

  • Why it matters: Traditional employment verification (phone calls or pay stubs) is prone to forgery or inaccuracies. Payroll verification connects directly with payroll systems for instant, reliable data.
  • Time saved: Eliminates the need to contact HR during office hours, saving realtors valuable time.

​
Financial Verification

  • Why it matters: Manual income verification via pay stubs or statements is time-consuming and susceptible to falsification. Real-time bank data ensures authenticity.
  • Time saved: Instantly verify financial data without manual cross-checking, giving peace of mind.

​
Rent Transaction History & Landlord Reference Check

  • Why it matters: A record of missed rent payments is a key indicator of potential risks. Landlord references provide insights into tenant behavior (cleanliness, neighbor relations, etc.).
  • Time saved: Automates landlord outreach and delivers comprehensive tenant history.

​
Background Check

  • Why it matters: Uncovers fraud, crime records, eviction histories, and more through extensive database scans.
  • Time saved: Reduces the research burden by consolidating information unavailable to individuals.

​
ID Verification

  • Why it matters: Ensures applicants’ identities are legitimate with biometric verification and global ID cross-referencing.
  • Time saved: Avoids manual verification delays and prevents fraud attempts.

​
Credit Report

  • Why it matters: Evaluates financial reliability based on debt management and payment history.
  • Time saved: Automatically integrates with Equifax and / or TransUnion, saving institutions the cost and effort of running individual checks.

​
Cost-Saving Features

  1. Applicant-Paid Screening: Allow applicants to bear the cost of their screenings, demonstrating their commitment while reducing your expenses.
  2. Efficient Representations: Realtors and representing agents can use the service to collect and verify tenant data upfront.

​
Why Choose Cove?

Problem Building fintech workflows—be it for lending, insurance, onboarding, or compliance—often involves integrating multiple vendors, managing complex APIs, and ensuring regulatory compliance. This process is time-consuming, costly, and prone to errors. Our Solution Cove simplifies this by offering a drag-and-drop platform that allows you to build, launch, and scale fintech workflows without writing code or managing multiple vendor integrations. Here’s how:
  • Rapid Deployment: Launch white-labeled financial products in minutes, not months. Cove handles the heavy lifting—integrations, compliance, and infrastructure—so you can focus on delivering value to your customers.
  • Unified Compliance: With Cove’s Compliance Vault, complete a single KYB process to gain instant access to over 30 fintech providers, streamlining your compliance requirements.
  • Scalable Infrastructure: Cove’s platform is designed to scale with your business, supporting high-volume workflows with robust monitoring, fallback logic, and infrastructure that scales automatically.

​
Asset Management Example

One of the ways we sell to large apartment managers is by committing fraud — not actually but kind of. We send fraudulent documents to apply to rental units → Leasing Teams review our documents/run screening on fake documents → We get rental offers for the properties and record the whole thing, send it to property managers in a short loom of what went down.
https://www.loom.com/share/d2b8699687274d948b739a96bfb679be?sid=94c3dcea-fe47-4a32-a98a-2035f7595d7f