Key use cases to commercialise Open Banking
Solutions
Leveraging the Strong Customer Authentication (SCA) standards needed to log into a UK bank account, we can deliver a secure, real-time customer anti-impersonation assessment, ID verification and proof of address helping to speed-up your on-boarding process.
At the point of customer on-boarding, we can help you use Open Banking to accurately verify their customer’s declared income or create an accurate estimate of income in cases where income has not been declared in the user journey.
We can help you pull out key trends and indicators from before, during and post COVID time periods to help SME lenders to more accurately determine a customer’s current financial position. Enabling faster, more accurate decisions on the application and management of commercial loans.
Access to business transaction data, offers a much greater level of financial information on their business customers. Offering a better understanding of a customer’s liquidity and cash flow to improve SME business lending and credit applications.
