We were delighted to take part in the Credit Week event recently, where we hosted a day of Open Banking discussions. View the recording from the first of our two client case studies at this event. In this video we explain how, working with our Open Banking partner AccountScore, we helped Freedom Finance to make use of Open Banking technoogy to overcome the challenges of sharing consented data in the intermediaries space. A solution which provided Open Banking access to a true panel of lenders for secured loans via their lending platform. Our case study also covered the following topics:
- The importance of intermediaries to reach full adoption
- How a fusion of CRA and transaction data has enabled a true picture of financial health
- How Open Banking has enabled Freedom Finance to offer credit to underserved customer segments
Contact us for more information on how Equifax can help you make use of Open Banking to date to improve your lending decisions.
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