Credit, Collections & Insolvency News
Credit app, TotallyMoney has announced an API integration partnership with digital consumer lender, Fintern.
A combination of open banking and artificial intelligence (AI) will allow for faster eligibility checking for customers.
Qin Su, TotallyMoney Commercial Director said “TotallyMoney wants customers’ data to work for them and not against them. Fintern is able to harness the power of open banking to make lending decisions.”
“Our ability to integrate Fintern via an API in just a few days shows our intent to be the go-to-market partner of choice. By bringing new products to our service with features such as eligibility checking and guaranteed rates, we’re championing transparency. And together this shows our dedication to responsible growth.”
“TotallyMoney is on a mission to help everyone move their finances forward. And by introducing new products to our service while utilising additional data sources for credit decisioning, we’re able to offer TotallyMoney customers even more options. Not only this but we are also able to provide some customers who might not be seeing any offers a new and affordable form of credit, to help them move forward and achieve their financial goals.”
Dr. Michelle He, Co-Founder, and COO of Fintern said “We’re extremely excited to be partnering with TotallyMoney. When we first spoke, it was clear that we both share a mission to expand access to low-cost personal finance and improve the financial lives of millions across the UK. This partnership is a great step in the right direction.”