Why you can't afford to ignore Open Banking. A voice of customer interview with fintech lender Fintern.

In this voice of customer interview, Equifax’s Emma Steeley interviews the CEO and Co-Founder of Fintern about why you can’t afford to ignore Open Banking. As a new fintech lender, Fintern have built Open Banking as a default into their credit application process and during this interview we discover:

• Why Fintern decided to use Open Banking data from the outset 
• How they overcame initial concerns of using Open Banking data 
• The benefits of combining this data set with traditional credit scores
• How they achieved arrears rates 75% below the market-implied arrears rates