Experian has announced that it has launched a new set of advanced Open Banking services. Affordability Check and Tenant Vetting Service are both innovations which will empower consumers to better understand and take control of their finances, while offering businesses the insight to deliver improved products and services.
Experian is the only one of the UK’s main credit reference agencies to be an FCA accredited Account Information Services Provider (AISP). The services go live over the next month and are already being used by major UK banks, as well as providers of digital mortgage services, gambling organisations, leading automotive financiers and UK credit card providers.
Tom Blacksell, Managing Director of B2B Experian, said: “We’ve spent 18 months developing and testing our Open Banking services to produce class leading applications. The time is right for us to launch our services to market.
“Open Banking APIs are becoming fully operational and many organisations are looking to Experian to help them enhance their products and services, especially where they can be used to increase financial inclusion and help people access more affordable services.
“The insight can be used to increase financial inclusion and help people access more affordable services, while helping organisations to make better informed decisions.”