Systems and methods for continuous evaluation of customer credit

An apparatus comprising:

• communications hardware configured to receive real-time customer financial data associated with a first institution, wherein the real-time customer financial data is structured to be readable by an application programming interface (API) of a user profile circuitry of the apparatus;
• the user profile circuitry configured to update, based on the real-time customer financial data, a user credit profile stored on the apparatus, wherein the user credit profile is generated based on historical customer financial data associated with the first institution,
• wherein the communications hardware is further configured to:
• receive, from a server device associated with a second institution, a request for credit data comprising a measure of creditworthiness, wherein the credit data is based on the user credit profile;
• generate the credit data based on the user credit profile;
• transmit the credit data to the server device;
• transmit a request to execute a transaction, wherein authorization to execute the transaction is based on comparing the measure of creditworthiness to a requisite measure of creditworthiness;
• receive an approval to execute the transaction;
• and
• cause execution of the transaction;
• and
• risk analysis circuitry configured to:
• generate, based on the user credit profile, a forecasted credit decision, wherein the forecasted credit decision comprises an acceptance or a rejection of a line of credit, and
• in an instance in which the forecasted credit decision comprises rejecting the line of credit, generate, based on the user credit profile and the forecasted credit decision, a credit decision reason, wherein the credit decision reason provides a list of actions to be taken to avoid the rejection of the line of credit,
• wherein the communications hardware is further configured to display, at a user device. the forecasted credit decision and the credit decision reason to a user.

A computer program product comprising at least one non-transitory computer-readable storage medium storing software instructions that, when executed, cause an apparatus to:

• generate, based on historical customer financial data associated with a first institution, a user credit profile stored on a first device;
• receive real-time customer financial data associated with the first institution, wherein the real-time customer financial data is structured to be readable by an application programming interface (API) of a user profile circuitry;
• update, based on the real-time customer financial data, the user credit profile stored on the first device;
• receive, from a server device associated with a second institution, a request for credit data comprising a measure of creditworthiness, wherein the credit data is based on the user credit profile;
• generate the credit data based on the user credit profile;
• transmit the credit data to the server device;
• transmit a request to execute a transaction, wherein authorization to execute the transaction is based on comparing the measure of creditworthiness to a requisite measure of creditworthiness;
• receive an approval to execute the transaction;
• cause execution of the transaction;
• generate, based on the user credit profile, a forecasted credit decision, wherein the forecasted credit decision comprises an acceptance or a rejection of a line of credit;
• in an instance in which the forecasted credit decision comprises rejecting the line of credit, generate, based on the user credit profile and the forecasted credit decision, a credit decision reason, wherein the credit decision reason provides a list of actions to be taken to avoid the rejection of the line of credit;
• and
• display, at a user device, the forecasted credit decision and the credit decision reason to a user.