How Experian solved the Big Data problem of Open Banking…
Today’s digital, data-fuelled economy means many businesses are struggling to extract the right level of insight to inform their operations and decision-making strategies. At the same time, the UK...
The open data opportunity for insurers
Outside of banking, many people’s knowledge of ‘Open Banking’ is quite sparse. I would define Open Banking as two things: The use of APIs to share bank statement data: everything a consumer...
Open data can now be categorised to bring value that…
“To extract value from open data, you need to categorise it. When you do, the results are...
Rethinking Affordability
One of the most important considerations facing us as an industry is how we manage responsible lending. Last year (2017), the Financial Conduct Authority (FCA) began consulting on proposed changes...
What motivates people to share their data?
There are three main reasons why people share their data with organisations. The first is proximity of purpose: they’re in the moment and need to share data at that point in time. They want to...
Three questions on Open Banking
The most common questions that we are asked about Open Banking relate to three issues: First: is it safe? It is as safe as the online banking services we have used for years. Organisations are...
Experian approved to offer Open Banking services by the FCA
We have been granted approval by the FCA to offer Open Banking services. This exciting development means we can support the Open Banking initiative so that data can be shared securely and with...
How Experian are accessing data to drive decisions
2018 is the year of data. The amount of data now available to make valuable and important decisions is huge. Experian provide a variety of powerful decisioning tools to enhance the to customer...
How to approach good data management
Data quality is a crucial aspect of attaining good data management. With the GDPR, regulations such as Open Banking and mandates like KYC, it is imperative that organisations investigate, assess,...
How can Experian help you deliver a digital customer journey?
To deliver a frictionless customer journey companies are turning towards third parties, in particular Fintech’s who can support the customer experience from brining new thinking and innovative...
2 minutes on why compliance IS a good thing for…
Some see compliance as a barrier. And this perceived ‘challenge’ of compliance – the need to treat customers fairly and always help, respect and protect their interests – can mean some are...
16 weeks after Open Banking was brought to market
Open Banking was born out of the Open Banking Standards (OBS) report published in December 2015. The subsequent Open Banking remedy issued by the Competition and Markets Authority (CMA) in 2016...