Glossary

Open Finance

Open Finance is the extension of Open Banking principles to a wider range of financial data, such as savings, investments, pensions and insurance, shared securely with consent. It promises an even fuller picture of a customer's finances for affordability and advice.

Open Finance is still developing in the UK, but it points to richer, consent-based data for lending decisions.

How Credit Canary helps with open finance

Credit Canary builds open finance into one platform for UK lenders, with the data and decisioning behind it.

Open Banking integration

See open finance in a working platform

Credit Canary unifies credit risk, affordability and payments for UK lenders. Book a short walkthrough.

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