Target Group and Atto agree open banking partnership

Target Group has announced a new partnership with Atto to use its open banking solution.

Target Group has enhanced its Mortgage Hub originations platform by using real-time transaction data from Atto. Atto, which rebranded earlier this year from DirectID, is working with Target Group to provide real-time open banking information and deliver instant insights into the financial behaviours of borrowers. The partnership will enable lenders to make informed decisions much faster, helping to speed up and simplify the mortgage process for consumers and brokers too.

Amy Morgan, Communications and Marketing Business Partner at Target Group, said “Joining forces with Atto means we can harness its market-leading open banking data and technology which will help to significantly speed up the mortgage process. Open banking allows lenders to do more business and faster, as well as understand marginal customers who may not be served by the current model. Given our shared ethos, Atto is an excellent fit for Target and for Mortgage Hub.”

Clare McCaffery, CCO at Atto said “Open banking and transactional data plays a critical role in driving better decision making and delivering greater efficiencies across the entire mortgage process. Atto is at the forefront of adoption and we’re proud to be working with Target. Mortgage Hub is set to revolutionise the way that lenders and brokers place a mortgage and we are excited to be part of supporting its continued evolution.”