D•One, the open banking division of The ClearScore Group, has announced a strategic partnership with 118 118 Money. This collaboration enables 118 118 Money to leverage D•One’s advanced open banking connectivity and transaction categorisation tools, enhancing affordability assessments for loan and credit card applicants.
Specialising in providing financial solutions to near-prime customers, 118 118 Money now uses D•One’s robust banking data analytics to assess affordability more efficiently. This integration supports better decision-making for prospective borrowers, whether they apply directly through 118 118 Money’s platform or via the ClearScore marketplace.
How It Works
D•One supplies bank transaction data early in the application process, helping 118 118 Money make informed lending decisions. By processing this data, the lender can widen access to affordable credit while reducing risk, ensuring a seamless and fair experience for customers.
Tim Kelleway, Director at D•One, stated: We empower lenders like 118 118 Money to assess affordability in milliseconds, delivering fairer borrower risk evaluations and smoother customer experiences. Our expertise in categorising and interpreting large volumes of banking data is transforming credit access and improving risk management.
Mark Northfield, Director of Customer Growth at 118 118 Money, highlighted the partnership’s significance: This collaboration strengthens our creditworthiness strategies, enabling us to responsibly extend credit to more underserved individuals. By using cutting-edge technology, we’re fostering financial inclusion and helping more people achieve their financial aspirations.
Revolutionising Lending with Data
D•One brings over a decade of experience in deterministic categorisation, supported by a dataset of more than 7 billion transactions. Lenders such as Zopa, Abound, and Salad Money already benefit from D•One’s services, both within and beyond the ClearScore platform.
Built on a modern, cloud-based infrastructure with microservices architecture, D•One ensures speed, reliability, and seamless integration across digital channels. Its open banking solutions support credit brokers and lenders alike, enabling consistent decision-making tools for smoother lending processes.
This partnership represents a step forward in promoting financial inclusion, improving customer experiences, and delivering smarter, data-driven lending solutions.
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