Posts Tagged ‘Consumer Duty’
TransUnion UK boosts affordability report with ‘Modelled Income’ solution
TransUnion UK has launched a new capability that sits within its Affordability Report, which is designed to help lenders make affordability decisions more confidently.
Read MoreMoneyhub launches next-gen categorisation and enrichment engine for smarter insights
Data and intelligence platform for financial institutions Moneyhub has unveiled the next generation of its categorisation and enrichment engine.
Read MoreOzone API powers iFAST Global Bank’s digital growth with Open Banking v4.0 standard
Ozone API said its strategic partnership with the UK-licensed digital bank ensures that iFAST Global Bank maintains seamless PSD2 compliance and future-proofs its multi-currency current account proposition.
Read MorePayl8r partners with AperiData to strengthen FCA-regulated credit decisioning
Payl8r, an award-winning retail finance provider, has selected AperiData as its Open Banking and data intelligence partner to enhance affordability assessments, strengthen its risk framework, and support its ongoing compliance as a fully-FCA-regulated lender.
Read MoreSmarter Contracts partners to pilot national ‘Vulnerability Passport’
Smarter Contracts, a finalist in the Department for Business and Trade’s Smart Data Challenge, has partnered with the Vulnerability Registration Service (VRS) to pilot a national “Vulnerability Passport”.
Read MoreEquifax UK unveils new affordability solution for lenders
‘Affordability 360’ combines several data points, including real-time transaction data accessed via Open Banking.
Read MoreTrust in UK banks hits eight-year high after ‘slow road to recovery’
The Fairer Finance Trust in Banking Index found that challenger banks, such as Starling and Monzo, are more trusted than the incumbent banks.
Read MoreHSBC helps immigrants to UK overcome credit history ‘hurdles’ with Nova Credit
Research by Nova Credit found that 66% of working age immigrants in the UK reported that receiving credit products took longer than expected due to their lack of UK credit history.
Read MoreQ&A: Aro’s Nicola Matthias on seeing Consumer Duty ‘come to fruition’
Nicola Matthias, director of risk and compliance at Aro, reveals what has been the biggest change for its partners under the new Consumer Duty.
Read MoreHow is Open Banking being used in the UK’s lending and credit markets?
In a new report, Open Banking Expo and Equifax reveal the results of their joint survey, uncovering the main Open Banking use cases among UK lenders.
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