The integration will see Zopa Bank add D•One to its roster of partners that provide open banking connectivity and transaction categorisation intelligence. D•One will initially be focussing on Zopa’s loan origination journeys.

With credit cards, loans and car finance in its lending portfolio, the partnership enables Zopa Bank to more accurately assess customers’ income, and in turn their affordability. Not only does this partnership support responsible lending, but it is expected to provide consumers who have limited credit histories with access to credit options they might otherwise have missed out on.

D•One offers Zopa Bank the ability to integrate consumers’ spending data into mainstream lending. This data can be used to power smarter decisions, with more accurate data leading to better outcomes for credit applicants and for lenders. D•One can also help Zopa Bank with income verification, risk insights, and affordability assessment.

Tim Kelleway, Director at D•One, said: “Zopa Bank is a long-standing partner with the wider ClearScore Group, and we are delighted to extend that partnership to now include open banking services via D•One. Forward-thinking lenders such as Zopa Bank appreciate the power of alternative data to better understand financial behaviours and bring about more accurate lending decisions. Open banking helps assess borrower risk more fairly, which is a positive innovation for the credit market.”

Secure and scalable technology

D•One provides the most comprehensive suite of Open Banking connectivity in the UK and has an advanced deterministic categorisation model developed over 12 years and with over 7 billion transactions. Lenders such as Zopa can leverage these capabilities both on and off the ClearScore platform. D•One works seamlessly in a lender’s own digital estate as well as in ClearScore’s own credit marketplace.

D•One operates a modern and fully cloud-based tech stack with micro-services architecture for maximum speed and reliability. Its open banking connection and categorisation services are available to lenders and/or introducer partners to support credit brokering and application processes across the market - delivering consistent functionality and decisioning solutions across all channels.