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.
We've given open banking super powers to 170+ companies
Better-informed decisions across the credit & risk lifecycle
Credit risk decisioning
Understand your customer's affordability and creditworthiness in real-time. Embed consumer transaction into your predictive model.
Risk modelling
Use open banking data in a standalone or hybrid predictive model that brings together multiple data sources. Significantly uplift predictive models with comprehensive and dynamic data.
Origination & onboarding
Reduce manual interactions for quicker decisioning. Optimise your credit risk processes using transaction data.
Portfolio management
Track cashflow changes across your portfolio to identify trends and drive lifetime value.
Collections & recoveries
Get insights on affordability, income, cashflow and more, to empower your collections teams and optimise the recovery process.
Solutions for credit risk decisions
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.
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.
What our customers say
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Frequently asked questions
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.
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.
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.
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.