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.
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Our impact in numbers
Increase in loans written
Convert more of the customers you want
Reduction in fraud
Detect and eliminate third party impersonation
Speed of decisions
Enhance customer engagements
Better-informed decisions across the credit & risk lifecycle
Risk modelling
Use open banking data in a standalone or hybrid predictive model that brings together multiple data sources. Significantly uplift predictive models with comprehensive and dynamic data.
Origination & onboarding
Reduce manual interactions for quicker decisioning. Optimise your credit risk processes using transaction data.
Credit risk decisioning
Understand your customer's affordability and creditworthiness in real-time. Embed consumer transaction into your predictive model.
Portfolio management
Track cashflow changes across your portfolio to identify trends and drive lifetime value.
Collections & recoveries
Get insights on affordability, income, cashflow and more, to empower your collections teams and optimise the recovery process.
Get detailed insights into your customer's financial behaviours
Get your free copy of the DirectID platform PDF. Make credit & risk decision in 5 minutes instead of 5 hours.
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.
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
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
The right data for the best decisions
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.
Reduce costs
Remove the costs associated with manual underwriting. Never have to rely on paper statements to make decisions.
Optimised for credit & risk
Our models are trained specifically for credit & risk *decisioning*. We match 95% of transactions to categories.
Simple integration
Without coding requirements, you can access our products without any complex technical integration. Access open banking data in less than 1 week.
Fairer outcomes
Open banking data enables fairer outcomes. Assessing people based on real-time, real world data ensures financial inclusion for all.
Seamless customer journey
Thrill your customers with a seamless user experience. With our Connect widget, customers can share their data in seconds.
Seamless customer journey
Provide your customers with the seamless experience they expect. With our Connect widget, customers can share their data in <30 seconds.
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Frequently asked questions
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.
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.
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.
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