Product Overview

Open Banking as a Service (OBaaS®) from Equifax in partnership with AccountScore  delivers a quick and affordable way to implement a secure end-to-end Open Banking solution. 

This will accelerate confidence that your customers will go through the consented Open Banking sign-up journey to share their powerful account transaction information, delivering actionable insights to drive more informed credit risk and affordability assessments for both consumer and SME lending. 

We can provide an end-to-end solution which can help you to start using bank transaction data without the significant cost and complication of  implementing your own Open Banking customer journey.

Helping you replace the need to collect bank statements and payslips from applicants with secure, real-time and user-friendly Open Banking data offers some key benefits:

  • No technical integration necessarily required
  • Covering the entire customer journey from capturing consent to supplying data insights
  • Includes measurement of key business metrics:
  • Customer take-up rate and satisfaction
  • Measuring uplifts in income’s verified, referrals approved and identities digitally assessed
  • Opportunity to use data for future use case
More

Once you have proved the value of Open Banking data using our turnkey solution, we can help you implement bespoke solutions into your existing user journey.

Get in touch with us to find out how Open Banking can help you.

Fundamentals of OBaaS®
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Unlimited Enquiries
Six month pilot with unlimited enquiries.
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Dashboard
Understand actionable insights, via real-time delivery of an underwriting dashboard powered by a categorisation engine.
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Results
Analyse uptake rates, incomes verified, referrals approved, and identities digitally assessed.
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Value
When the value is proven, integrate the data into your decision engines.
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API
Fully integrated API available for automation.
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