Payl8r partners with AperiData to strengthen FCA-regulated credit decisioning

Source: AperiData

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.

With Consumer Duty now driving higher standards for data accuracy, customer outcomes, and governance, Payl8r sought a solution that could streamline the digital journey, replacing manual processes and self-declared data with automated, actionable insights.

Elevating credit decisioning with AperiData

Payl8r chose AperiData for its credit-focused categorisation engine, risk-specific insights, and unique dual-authorisation model (CRA + AISP). This dual-authorisation approach ensures that data is trusted, compliant with Consumer Duty, and supports evidence-based lending decisions.

Together, these capabilities deliver:

• Consistent, auditable outcomes
• Reduced manual intervention
• Confidence in both risk management and ongoing regulatory compliance

AperiData’s FCA-authorised data intelligence solution provides real-time, enriched transaction categorisation designed specifically for affordability, risk, and alignment with existing consumer credit requirements. The integration has enabled Payl8r to implement a fully automated, digital application journey without requiring document uploads or manual data handling.

Key outcomes

• Time to decision reduced from hours to minutes, improving operational efficiency and customer experience
• Acceptance rates increased by +90% for Open Banking applicants.
• Improved data accuracy, reducing reliance on customer-declared information and manual checks
• Enhanced customer experience, delivering a faster, friction-free journey with consistent, explainable outcomes

Supporting consumer duty & regulatory compliance

AperiData’s solution ensures all Open Banking data is sourced, processed, and governed in line with regulatory expectations, supporting Payl8r’s established regulatory framework, and delivering:

• Strong governance and audit controls
• Improved fair value and Consumer Duty reporting
• Evidence-based lending decisions using high-quality, categorised data
• A solution aligned with the existing FCA consumer credit requirements

Client testimonial

“AperiData has reduced our time to decision from hours to minutes and enabled a fully automated Open Banking journey. In our second month of use, acceptance rates increased by 90%. The improved data accuracy gives us greater confidence in meeting our Consumer Duty obligations and strengthens our already robust regulatory and risk management framework.” — Payl8r