Source: Headland Consultancy
D•One, the Open Banking services business from The ClearScore Group, has partnered with Amplifi Capital to provide the consumer lending platform with its Open Banking transaction categorisation intelligence.
Amplifi Capital provides access to credit unions for near-prime consumers who are unable to access credit from traditional high street banks. D•One now helps Amplifi Capital leverage alternative data (income and expenditure data) to assist the credit unions in making responsible credit offers to people who would otherwise be excluded from mainstream lending.
The arrangement allows Amplifi Capital to enhance financial inclusion by using data beyond traditional credit decision-making, offering a comprehensive view of a customer’s financial health and ensuring better outcomes for customers.
D•One supports fintech platforms such as Amplifi expand their risk decisioning beyond a reliance on credit reference agencies alone, enabling lenders to lend fairly and responsibly to financially excluded segments of society at a time of rapidly escalating living costs.
In the last 12 months, D•One’s enriched Open Banking data has enabled approximately 120,000 consumers to receive an affordable loan that would otherwise have been declined.
Tim Kelleway, managing director at D•One
Tim Kelleway, managing director at D•One, said: “Open Banking data is particularly useful in the near-prime segment for consumers locked out of credit from traditional sources, such as high street banks.
“Progressive fintechs like Amplifi Capital are leveraging our enriched dataset to better understand financial behaviour and enable inclusive and responsible lending decisions. We offer the ability to efficiently integrate consumers’ banking data into mainstream lending, and this data can bring about enhanced accuracy, leading to better outcomes for credit applicants and lenders alike.”
Tobias Gruber, co-founder and chief executive officer of Amplifi Capital, said: “We’re proud to partner with D•One to bring the power of Open Banking data within our credit decisioning.
“By enabling access to developed income and expenditure data, D•One helps us make fairer, and more inclusive credit decisions. This collaboration is a step forward in using data for good, ensuring better financial outcomes for thousands of people across the UK.”
D•One uses a unique combination of extensive Open Banking records and credit expertise to drive immediate value for its clients. This includes identifying positive and negative risk indicators otherwise obfuscated in the transaction data, thereby ‘splitting’ the risk level of applicants and enabling up to a 60% reduction in arrears with no reduction in lending volume.
D•One also allows Amplifi to deliver more accurate income verification, risk insights, and affordability assessments.
D•One is an Event Partner of Open Banking Expo UK & Europe 2025, taking place at the Business Design Centre in London on 21-22 October. Click here to find out more about attending, exhibiting and sponsoring – and to get your ticket.
Further reading: Jaja Finance partners with D•One for Open Banking services
