Open banking data for smarter credit & risk decisions

With DirectID, understand the true financial profile of your customers in real-time. Unlock the power of open banking data to scale your business, drive efficiencies, reduce risk, and create fairer outcomes for all.

Open banking data for smarter credit & risk decisions

We've given open banking super powers to 170+ companies

Deliveroo
Nasdaq
Royal Bank of Scotland
Shield Pay
XE
Target Group

More than just an open banking service

Credit risk makes us, us

Credit risk is our bread and butter - it's who we are. All the tech we’ve built over the last decade has been with our customers at heart; to deliver the best credit risk data straight to their door.

The earliest open banking pioneers

It's seems like a lifetime ago - our team built the world’s first ever AISP connection after PSD2. Since then we’ve given over 170+ businesses open banking super powers. And we’re not stopping there.

Optimised for credit risk decisioning
80+ categories and 11 classes
Merchants/continous annotation

Global coverage that scales

With over 13,000+ connections, we offer the most comprehensive coverage of any provider on the market. That’s why the world’s biggest brands choose DirectID to scale their business globally.

The right data for the best decisions

01

Accurate data

Open banking data comes directly from banks and financial institutions. The data is real-time, accurate, and impactful when making credit & risk decisions.

02

Reduce costs

Remove the costs associated with manual underwriting. Never have to rely on paper statements to make decisions.

03

Optimised for credit & risk

Our models are trained specifically for credit & risk *decisioning*. We match 95% of transactions to categories.

04

Simple integration

Without coding requirements, you can access our products without any complex technical integration. Access open banking data in less than 1 week.

05

Fairer outcomes

Open banking data enables fairer outcomes. Assessing people based on real-time, real world data ensures financial inclusion for all.

06

Seamless customer journey

Provide your customers with the seamless experience they expect. With our Connect widget, customers can share their data in <30 seconds.

What our customers say

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Shieldpay

Multi-award winning payment platform

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Global vehicle manufacturer

Automotive financing

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Target Group

A leading business services provider in lending, investments and insurance, managing over £25bn+ assets

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Best Egg

Consumer-lending platform developed by Marlette

DirectID began working with Target at the beginning of 2020 to provide open banking data for their new Mortgage Hub. It is the first digital mortgage platform to be designed from the ground up, and the first to use open banking data as the backbone for customer experience.

Dana

A lending as a service provider using open banking to strengthen their credit scoring engine

Frequently asked questions

Schedule a call
01

What is open banking and how does it work?

Open banking is the practice that allows people and businesses to share up to 12 months of transaction data. DirectID is regulated by the Financial Conduct Authority as an Account Information Service Provider (AISP) - the intermediary who safely facilitate this process.

02

What is transaction categorisation?

Transaction categorisation is the process of adding context to raw transaction data. The process gives you an understanding of what your customers' spend their money  and where.

03

How does bank account verification work?

Using the bank account verification API, DirectID matches the details provided from your customer to those on their account. We apply a set of sophisticated algorithms and rules to verify the name, and then tell you what does and does not match.

04

How do you verify income with open banking?

After a customer shares their data, DirectID identify recurring credits to the account and group these. Using an algorithm we identify the monthly income for each income stream. We then return the calculated income and confidence score to you.