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Personal Finance

Use Open Banking transactional data to provide insights into customer spending habits, and offer guidance on budgeting and savings.


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Problem

In many lending institutions, customer management is a reactive process. After the initial credit assessment, further action is rarely taken along the credit lifecycle to react to changes in customer circumstances.

Solution

Through Open Banking data connections customers can choose to continuously share their data. This allows lenders to proactively engage with the customer in order to promote financial health.

Benefits

For personal finance

Real-Time Analytics


Open Banking data is updated in real-time, allowing decisions to be based on up-to-date consumer behaviour.

User-friendly


The FriendlyScore user interface is designed to allow quick access to key information in an easy-to-understand format.

Consolidated View


Open Banking allows the user to connect multiple bank accounts through a single interface, allowing aggregated views of their accounts at a customer level.

Alerts and Notifications


Open Banking data allows the lender and borrower to receive alerts and notifications helping them keep informed of their finances.

Financial Markers


The FriendlyScore model provides key insights into the factors affecting creditworthiness.

Improve Financial Health


By providing unique insights and real-time feedback, FriendlyScore empowers the borrower to proactively take steps to improve their overall financial health.

Any further questions?

Get in touch with us to find out more