Open Banking as a Service
Helping you explore how Open Banking might benefit your customers and your business.

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
Fundamentals of OBaaS®

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.

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

We can connect you directly to your customer’s transaction data using APIs to help you automate credit decisions based on Open Banking insights and improve your customer experience.

We build our API solutions with your developers in mind, to make it as simple as possible for you to implement. Visit our Developer Portal where you can explore our APIs, review the documentation to learn how they work and test them out in our sandbox.