Product Overview

Lending to businesses requires the most timely and reliable sources of financial information. And businesses want to be able to access credit quickly, safely and digitally.

Open Banking Commercial Insights offers lenders the ability to see the full picture, combining bureau information with company bank account data to instantly verify and enhance standard company financial data. This digital journey empowers customers to access credit quickly, by safely sharing their business banking data.

How It’s Used

Consent in your customers hands
We build your own customer portal to manage consent to access business bank account data without the need for any IT integration or embedded into your existing customer journey.
Connect simply with customers through text/email
Set up a fully customised Open Banking as a Service (OBaaS®) link that you can email or text directly to your customers.
Real-time notifications of usage
Receive real-time notifications sent to your inbox when a customer connects their bank account using a simple link.
Get Consent
Customers are taken through the consent process to share the transaction data from their business current account.
Visualise Data insights, your way
Gain instant secure access to intuitive dashboards where you can view both the Open Banking data and the EBI data in a fully categorised format or we can help you to consume insights via an API link.

Support Businesses to Access Credit Quickly

Equifax Open Banking Commercial Insights enables access to business transaction data, giving our clients a much greater level of financial information on their business customers. Offering a better understanding of a customer’s liquidity and cash flow to empower better and more timely and informed SME business lending and credit applications. We can set up your portal in under 7 days* with a single data feed and no complex integration.

*Open Banking as a Service brochure, Equifax, 2022

A Powerful Combination of Data Sets Through a Single Channel

We can share Commercial Credit Data Sharing (CCDS) and Equifax Business Insight data through the same dashboard or single API connection to combine a wide range of data sources with Open Banking Commercial Insights.

Each data set adds an additional layer to help build the most accurate financial picture of your SME customers.

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How Open Banking Commercial Insights Can Help

Speed up customer onboarding
No more manual bank statements, connect straight into business banking data.
Credit risk assessment made easier
Access real-time data of SMEs and make better, more efficient lending decisions.
A streamlined digital journey
Digitising bank statement data helping you maximise application throughput.

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Speak to our Open Banking experts to see how we can support your commercial lending business.

Open Banking for Commercial Credit

Learn more about the power of Open Banking and how it can help you efficiently and accurately lend to businesses.
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