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Combine Argyle and Unit to create modern full-stack financial solutions.

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Overview

Argyle has partnered with Unit to bring payroll connectivity to banking. Banks integrated with Unit can use Argyle to verify income data and employment status for underwriting, and update the direct deposit settings of payroll connections so loan repayments can be sent via ACH transfers. It’s a powerful combination:
  1. Create new bank accounts with Unit.
  2. Verify income for lending purposes with Argyle.
  3. Redirect income so direct deposits are sent via ACH to the new bank accounts.
  4. [Optional] Manage all payments using virtual bank accounts, and route all payments to your company’s bank account with Unit.
  5. Stay informed via Argyle if the loan applicant makes any changes to their direct deposit settings, or if their income changes after loan approval.

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Verifying income

Begin by having loan applicants connect their payroll accounts through Argyle’s Link portal, which can be embedded within your website or application, or sent through an email or text invite.
Link is where payroll accounts are connected through Argyle.

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Automated lending decisions

Once the loan applicant’s payroll accounts are connected, paystubs, payroll documents such as 1099’s and W-2’s, and other information is retrieved and organized into Argyle’s data sets and made accessible online via Console or Argyle’s API.
Argyle standardizes payroll data into data sets such as paystubs and payroll documents.
Argyle continuously updates this data, so you can decide how much to lend based on verified income today, and make adjustments if the loan applicant’s income changes in the future. For gig workers, our gigs data set provides granular information on every ride completed. This can be used to power modern financial solutions such as earned-wage access or paycheck-linked lending for typically under-served workers.

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Loan repayments

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ACH direct deposit transfers

Once a payroll account is connected through Link, access to the loan applicant’s direct deposit settings will also become available. You can view where paychecks are currently being sent within the deposit destinations data set. After loan approval, adjust the borrower’s direct deposit settings so exact loan repayments are sent to your bank account, and have the borrower return to Link to confirm the deposit switch.
Deposit switching flow for exact amounts.
After the deposit switch has completed and the borrower’s direct deposit settings have been changed directly within their payroll account settings using Argyle, ACH repayments can be monitored through Unit’s dashboard.
Manage direct deposit accounts and routing information through Unit's dashboard.

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Payment reconciliation

With constant visibility through Argyle into the borrower’s direct deposit settings, and Unit’s ability to create virtual accounts, you can manage and reconcile repayments across a large number of borrowers for your use case.
Manage incoming loan repayments from different sources.

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Sample app

To help you get started with your implementation, we have created a sample application that combines Argyle and Unit’s financial products to demonstrate a fully automated lending solution, from payroll account connection through updating direct deposits and monitoring repayments. Scroll down to Unit Pay Connector within our Sample Apps page to clone our Github repository or see more documentation.