Open banking data for smarter credit & risk decisions

Understand the true financial profile of your customers in real-time. Unlock the power of open banking data to scale your business, drive efficiencies, manage risk, and create fairer outcomes for all.

Deliveroo
Nasdaq
Royal Bank of Scotland
Shield Pay
XE
Target Group

Advanced credit & risk insights

Affordability

Assess how much your customer can afford to repay. Use enriched data to identify income, and fixed vs flexibile spend.

Affordability

Assess how much your customer can afford to repay. Use enriched data to identify income, and fixed vs flexibile spend.

Income verification

Verify your customer's income across all income streams, whether it's salaried wages, freelance earnings or benefits.

Categorisation & classification

Cut through the noise of a bank statement and understand how and where your customers spend their money.

Emerging financial distress

Identify emerging financial distress to enable early intervention before your customer defaults.

SME financial health

See the balance trend of an SME’s accounts with a view on income, stability and fluctuations. View the money a business earns, spends and saves on a regular basis.

Browse our platform

Connect

A guided user-interface to capture consent, verify and connect to bank accounts, and share transaction data.

Data APIs

The pipelines for transferring and accessing normalised bank data, from your customer's bank account into any platform.

Dashboard

An accurate, real-time view of your customer's financial data, enriched with intelligent credit & risk insights.

Our impact in numbers

+45%

Increase in loans written

Convert more of the customers you want

-7.5%

Reduction in fraud

Detect and eliminate third party impersonation

<5min

Speed of decisions

Enhance customer engagements

Open banking pioneers, credit & risk specialists

DirectID have been working with bank data for over a decade. We lobbied to the government for PSD2, and then we went on to build the first AISP integration in the UK. We've been exploring the depths of open banking ever since.

Our leaders have over 100 years of combined experience in global credit organisations such as FICO, Experian & TransUnion. Risk decisioning is at the core of everything we do, and with our breadth of experience we understand all aspects of the credit & risk lifecycle.

People at DirectID talking, laughing and smiling.Co-workers at DirectID planning and creating strategy together.DirectID colleagues sharing ideas and collaborating.
Cloud sync and connections icon.

Market-leading global coverage

We aggregate bank connections from across the globe to provide the largest coverage on the market. With DirectID, you can scale your business with confidence.

  • 13,000+ bank account connections

  • Connections in 45+ countries

  • Access to 1.5bn+ bank accounts

Icon of a database.

Bring your own data to our engines

Input transaction data from any source. If you already have a data set, or currently access open banking data, plug in to our engines and we'll return the advanced insights you need to make confident decisions.

What our customers say

Testimonials - Fintech X Webflow Template

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Global vehicle manufacturer

Automotive financing

Testimonials - Fintech X Webflow Template

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Shieldpay

Multi-award winning payment platform. Designed for highly secure & efficient transactions. Trusted by over 100 law firms, lenders and professional services.

Testimonials - Fintech X Webflow Template

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Target Group

A Tech Mahindra company and a leading business services provider in lending, investments and insurance, managing over £25bn+ assets.

Testimonials - Fintech X Webflow Template

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Best Egg

Consumer-lending platform developed by Marlette Holdings, Inc.

Testimonials - Fintech X Webflow Template

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Dana

A lending as a service provider using open banking to strengthen their credit scoring engine

The right data for the best decisions

01

Accurate data

Open banking data comes directly from banks and financial institutions. The data is real-time, accurate, and impactful when making credit & risk decisions.

02

Reduce costs

Remove the costs associated with manual underwriting. Never have to rely on paper statements to make decisions.

03

Optimised for credit & risk

Our models are trained specifically for credit & risk *decisioning*. We match 95% of transactions to categories.

04

Simple integration

Without coding requirements, you can access our products without any complex technical integration. Access open banking data in less than 1 week.

05

Fairer outcomes

Open banking data enables fairer outcomes. Assessing people based on real-time, real world data ensures financial inclusion for all.

06

Seamless customer journey

Thrill your customers with a seamless user experience. With our Connect widget, customers can share their data in seconds.

07

Seamless customer journey

Provide your customers with the seamless experience they expect. With our Connect widget, customers can share their data in <30 seconds.

Speak to one of the team

Frequently asked questions

Schedule a call
01

What is open banking and how does it work?

Open banking is the practice that allows people and businesses to share up to 12 months of transaction data. DirectID is regulated by the Financial Conduct Authority as an Account Information Service Provider (AISP) - the intermediary who safely facilitate this process.

02

What is transaction categorisation?

Transaction categorisation is the process of adding context to raw transaction data. The process gives you an understanding of what your customers' spend their money  and where.

03

How does bank account verification work?

Using the bank account verification API, DirectID matches the details provided from your customer to those on their account. We apply a set of sophisticated algorithms and rules to verify the name, and then tell you what does and does not match.

04

How do you verify income with open banking?

After a customer shares their data, DirectID identify recurring credits to the account and group these. Using an algorithm we identify the monthly income for each income stream. We then return the calculated income and confidence score to you.

Get started using open banking data

Talk with one of our specialists to find out more about using open banking data.

  • Demo of the guided customer consent journey

  • Walk through of our real-time data & insights

  • Coverage check in your markets

Speak with one of our specialists