DirectID uses bank data provided through Open Banking to address today’s business challenges
Key Benefits
- Our solutions are built to enhance underwriting irrefutably. Our API is layered under a categorization engine trained in accuracy in credit risk, allowing us to provide lenders with strongest possible insights for use throughout the whole credit risk lifecycle
- With over 13,000 bank connections globally, our partners can grow their offerings in over 80 countries. Our platform has the potential to connect to 1.5 billion people across the globe.
“DirectID understand the market and are flexible enough to shift with the times, and we knew very quickly we could build this product together. Ultimately, that is what we really wanted; to build a strategic partnership. We didn’t want to just purchase a set of services.”
About DirectID
DirectID uses bank data provided through Open Banking to address today’s business challenges. These challenges include verifying income, affordability, reducing fraud, and costs across the credit risk lifecycle from onboarding through to collections & recoveries.
DirectID is an active participant in the UK Open Banking initiative and is a founding member of FDATA, Innovate Finance, and Open Banking Excellence. DirectID have also been working with the Financial Conduct Authority (FCA) more recently on their Digital Sandbox to identify signals of financial vulnerability due to COVID.