Building the future of credit referencing

Problem

Traditional bureau data is as good as it’s going to get

Information used in bureau based credit information and affordability decisions is by default out-of-date. As a result of this, consumers and lenders are missing a key component in enabling access to responsible and suitable credit.

need for innovation

Opportunity to better serve consumers

The FCA’s Credit Information Market Study highlights significant differences and misrepresentations in credit information available through the existing bureaus, pointing to material inefficiencies in today’s consumer credit market. This is leaving an increasingly large number of consumers underserved and potentially financially vulnerable.

our goal

Credit information for the next-generation of lending

We are building a progressive Challenger CRA (pending authorisation) to support the FCA’s areas of innovation from the Credit Information Market Study to address completeness, timeliness and improve outcomes for consumers and credit providers.

complimentary but competitive

Together we can achieve the best outcomes

Competition is healthy. We want to encourage competition in the Credit Information market through innovation while building strong working partnerships with traditional CRAs and Open Banking providers.