Open Banking Powered Affordability & Suitability Checking
The faster, fairer & more accurate alternative to credit scoring.
Unlock the power of Open Banking for your business.
Access applicant’s real time financial data and behaviour and use these insights to safely assess credit worthiness and lend more, to more people. Tackle delinquency, save time, reduce overheads and turn ‘no’ into ‘not yet’.
Traditional
Credit Scoring
Inefficient, costly and inaccurate.
Traditional approaches to credit scoring and affordability checking are broken. And, potentially harmful to both borrowers and lenders. Credit reports are outdated, inaccurate and use a system that can easily be ‘gamed’ if you know how.
Open Banking powered Affordability Checking
Fast, simple and effective.
With your applicants explicit permission, gain access to a more detailed, holistic view of their financial wellbeing and their capacity to afford a mortgage, loan or other credit agreements. You can see changes in income, savings, pensions, investments, debts & more.
Revolutionising lending and increasing brand engagement
Reduce provisions and
collection costs
Build resilient loan portfolios through ongoing monitoring to see the impact of macro-level events on your customers finances, in real time.
Make fairer, faster and more accurate decisions
Powered by our catergorisation engine, make more informed decisions leading to more transparency for you and your customers.
Streamline and simplify
onboarding
Embed decisioning into your onboarding journey to strengthen your customer relationships and reduce costs.
A solution with FCA Consumer Duty compliance baked in
Our Open Finance Affordability Dashboard helps you to significantly reduce the cost, resources, and complexity required to comply with the FCA’s new Consumer Duty regulations. Making life easier for you, and better for your customers.
Save time and resources through automation
Convert more customers, more quickly by automating decision making using data already held about them.
Demonstrate lifetime affordability
Make lending decisions based on lifelong affordability, not limited credit data that lacks context.
One dashboard, multiple uses
Assess borrowing affordability, offer eligibility, suitability for ANY regular financial commitment like rent, identify a source of funds or validate an applicant’s bank account.
Bespoke journeys and tailored messaging
Approve those who qualify, identify who needs to be triaged. Provide individualised guidance and advice to those who don’t qualify yet and help improve their future outcome.
Nurture customers to boost engagement
Support your customers and prospects at every stage of the journey with individualised guidance based on their own data.
Uncover the unknown information
Build a complete picture of your customers’ financial situation, from pensions and investments to spending and outgoings.
Smart data sharing & minimisation
We don’t ask for data for data’s sake only what is required to make an informed decision.
The customer is always in control
All of our technology is completely consent-driven, giving your customers the peace of mind of knowing they are in control of what they share, with whom, and why.