Any financial institution looking to succeed in credit risk management faces continuous pressure to evolve, with shifting customer habits, regulatory changes and cost of living...
Lending:
“When data is missing, lenders are unable to review a borrower's application efficiently. These applications don’t provide a true representation of the applicant’s financial...
The financial services industry has undergone massive changes and what worked in the past may not work in today's digital, API-driven era.
Debt collection is an important yet often challenging part of the lending lifecycle. As more lending and credit services become digital, modern APIs are empowering smarter, more...
Early adopters in this space are already at the point where their projects are bearing fruit. This de-risks the prospect of an open banking project. So without further ado -...
With this in mind, we’re really excited to say that we’ve started rolling out CRM sync across the platform. Initially as part of our Assess solution for affordability and...
Fraud Prevention This is probably the most straightforward case for deploying Open Banking tech in the BNPL sector. Account takeover fraud, where a fraudster gains access to a...
It’s been more than 6 months since HM Treasury confidently announced that Buy Now Pay Later (BNPL) products would move to become regulated by the FCA. In that time we’ve seen...
On the surface, the case for these projects is simple. If you already handle bank statements to check income then there’s often a huge amount of manual effort that goes into...
Affordability and fact-finding checks are an obvious early use case for Open Banking. The lenders we spoke to consistently reported higher drop off rates wherever processes...