Making Open Banking work for the benefit of your members

Open Banking provides an opportunity to educate customers and improve credit decisions. Because Open Banking lets lenders view applicants’ bank transactions there’s no need for paper-based approaches to affordability. But with data scandals an ever-present threat, this information should be used securely and fairly. Read more about our belief in the fair use of data … Read moreMaking Open Banking work for the benefit of your members

Digitally included but financially excluded?

The data we use for lending decisions in the UK is out of sync with modern realities. Such a narrow approach financially excludes people on higher incomes, losing lenders valuable income. It is ironic that the most digitally included are becoming the new financially excluded. Credit reference agencies scoring systems tend to dislike tenants, especially … Read moreDigitally included but financially excluded?