Experian and NewDay agree partnership

Experian has announced that its Boost data service will now be included in NewDay’s credit card decisioning process.

Commenting on the partnership Sigga Sigurdardottir, Managing Director, Consumer Services at Experian, said “The addition of NewDay will allow more Boost users to improve their creditworthiness and access the right financial products for them. As economic uncertainty increases, it’s important that all consumers have more affordable products available to them.”

“Our ambition with Experian Boost is to help as many people as possible across the UK increase their credit scores and make access to credit more inclusive, so we’re glad that our partnership with NewDay is providing that opportunity for consumers.” 

Gael Decoudu, Director of Credit Decision at NewDay, said “NewDay’s purpose is to help people move forward with credit. Experian Boost supports this through its innovative use of open banking to provide us with a real-world view of affordability. This means we can offer applicants more favourable rates than they otherwise might have had access to, without increasing any lender risks. It’s a win-win for both consumers and lenders, and we’re proud to include it as part of our approach to credit decisioning and responsible lending.”