Admiral Money enhances customer pricing with D•One’s advanced risk scoring technology

Source: Headland Consultancy

D•One, the Open Banking services business of The ClearScore Group, has partnered with Admiral Money, enabling it to leverage D•One’s cutting-edge proprietary risk-scoring product.

Built using Open Banking data, the predictive model leverages AI to identify both positive and negative risk signals that are often hidden within transaction data, enabling more accurate and nuanced credit assessments. By integrating D•One’s scoring model, Admiral Money will be able to deliver more competitive pricing for customers.

D•One helps providers, such as Admiral Money, to enhance risk decisioning beyond a reliance on credit reference agencies alone. This helps to create a more complete and accurate picture of a borrower’s financial circumstance, enabling more personalised pricing that better reflects their true financial situation. D•One uses advanced data science techniques, including machine learning and AI, to interpret consumer transaction data and help lenders better assess affordability and lending risk.

Tim Kelleway, managing director at D•One, said: “Open Banking data provides a far more holistic and precise view of creditworthiness, and our ground-breaking risk score gives lenders risk-splitting power more than that offered by traditional credit bureau models. The work we are doing with transaction-level data and AI-facilitated data modelling is undoubtedly changing the future of credit decisioning in the UK.”

Jennie Richards, partnership director at Admiral Money, said: “This partnership marks an important step forward in how we assess a customer’s eligibility beyond traditional credit bureau data, using the predictive power of transaction data to make faster, more informed decisions and deliver even more competitive pricing. We look forward to building on this collaboration in the months ahead.”

The past year has marked a significant milestone for D•One. Despite being a relatively new entrant in a highly competitive market, the business has seen strong engagement with its proposition and has signed 24 lenders to its service, including leading fintechs such as Monzo, Capital One, Zopa, Lendable and NewDay. A key driver of this success has been the launch of its proprietary D•One Score.

Further reading: ClearScore Group moves into mortgages with acquisition of Acre