Zopa Bank partners with D•One for Open Banking services, marking a significant step in enhancing financial services technology.
The partnership between Zopa Bank and D•One aims to improve the accuracy of credit assessments, making credit more accessible, especially for those with limited credit histories. By integrating D•One’s robust data handling capabilities, Zopa Bank enhances its loan origination processes, ensuring a more precise evaluation of customer income and affordability.
This collaboration not only supports responsible lending practices but also paves the way for consumers to explore new credit opportunities. D•One’s technology allows for a seamless integration of consumer spending data into Zopa’s existing frameworks, fostering smarter, more equitable financial decisions.
Tim Kelleway, director at D•One, commented on the partnership, stating, “Zopa Bank is a long-standing partner with the wider ClearScore Group, and we are delighted to extend that partnership to now include open banking services via D•One.
“Forward-thinking lenders such as Zopa Bank appreciate the power of alternative data to better understand financial behaviours and bring about more accurate lending decisions. Open banking helps assess borrower risk more fairly, which is a positive innovation for the credit market.”
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