UK challenger Zopa taps ClearScore’s D•One for open banking-powered credit assessments
Zopa will utilise D•One’s tech for “open banking connectivity and transaction categorisation intelligence”.
Zopa will utilise D•One’s tech for “open banking connectivity and transaction categorisation intelligence”.
ClearScore says it will be adding new financial partners in New Zealand over the coming months.
D One’s approach opens credit to those with limited credit histories and supports responsible lending.
The initiative will focus on four areas – savings, credit building, debt consolidation and utility marketplaces.
H1 2021 saw $5.7bn raised across 317 deals by UK firms.
The UK fintech is looking to accelerate its global expansion.
Chinese tech giant, Tencent Holdings, led the latest round of funding.
App now provides access to online savings marketplace.
UK’s Competition and Markets Authority expressed concerns.
On completion, ClearScore will be included within Experian’s UK Consumer Services.