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Open Banking

Elevate Customer Evaluation With Speed, Accuracy and Confidence

Customers expect fast, seamless, and informed decisions whenever they apply for credit, open an account, or request a service. Organisations expect efficient workflows, reliable data, and strong risk controls.

CRIF’s Open Banking Suite meets both needs, helping lenders, insurers, service providers, and corporates accelerate customer checks while improving accuracy and reducing friction.

By using secure customer consent, the customer can easily connect their bank account. The suite then analyses transaction information for the lender to confirm identity, verify affordability, identify risk indicators, flag fraud concerns, and support confident decisions. What previously took hours or days can now be completed in minutes. The result is a smoother experience for the customer and a more efficient process for your business.

A Faster Path From Application to Decision

CRIF enables organisations to reduce manual checks, accelerate onboarding, and improve the reliability of affordability and risk assessments. By automating essential steps using live customer account data, applications for loans, trade credit, utilities, telecoms, and other services progress far more quickly. This creates a smoother experience for customers while giving your team a clearer, more consistent view of each applicant.

As a result, customers receive decisions much faster, your teams benefit from more efficient workflows, and your organisation gains a measurable competitive advantage. With richer insight and less manual intervention, Open Banking helps you deliver better decisions at speed, with accuracy you can trust.

  • Faster, more consistent approvals
  • Stronger affordability and risk insight
  • Offering personalised and added-value services

Key benefits

  • Accelerate customer approvals

    Turn lengthy application processes into fast, data‑driven steps. Decisioning becomes quicker and more consistent, helping you serve more customers with less effort.

  • Strengthen risk and affordability checks

    Analyse income, spending, payment history and behavioural patterns to build a detailed understanding of affordability and risk.

  • Reduce fraud and confirm legitimacy

    Identify inconsistencies in trading history, verify bank account ownership and detect fraudulent red flags before the customer progresses.

  • Improve evaluation of sole traders and start‑ups

    Open banking data allows organisations to assess customers who have limited public financial information, making decisioning more inclusive and better informed.

  • Offer a smoother digital experience

    Customers can verify identity and share data securely with one click, helping you deliver a frictionless journey that reduces drop off.

Credit Scoring and Risk Management

Digital Onboarding

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Accelerate customer checks and improve risk assessment with secure Open Banking data and automated insight.

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