Open Banking Consumer Engagement Platform

Reduce manual data gathering and deliver a better consumer experience.

The need to innovate products and keep pace with competitors is driving the shift to Open Banking. TransUnion’s Open Banking Platform makes it simpler than ever to onboard consumers in the digital age. This end-to-end product developed entirely in-house enables consumers to share their financial data through a secure, seamless screen flow — hosted in a safe, agile environment.

Once a user consents to the open banking process, insights gained can be used to determine creditworthiness and affordability. Then, you can make relevant offers that resonate with consumers and satisfy their current and future needs. Optimal for banks, lenders and brokers alike, let us show you how our Open Banking solution can complement a standard credit journey and enhance your onboarding strategy by providing an alternative source of creditworthiness and affordability data when required.

The ongoing macroeconomic uncertainty is set to continue for the foreseeable future, and UK consumers are impacted to varying degrees. This disparity in consumers’ financial circumstance means any future-facing lending strategies should prioritise understanding of customer circumstance, resulting in a highly segmented and agile approach. Lenders are likely to need deeper consumer insights and robust customer management approaches more than ever.