Zopa, a British online bank that offers deposit accounts, personal loans, and credit cards, has partnered with ClearScore’s open banking business unit, D•One, to enhance its credit assessment capabilities using open banking technology. The collaboration aims to improve the bank’s loan origination processes by leveraging transaction data to more effectively determine consumer eligibility for various financial products. Zopa has evidenced strong financial performance, with a reported pre-tax profit of £15.8 million in FY 2023, driven by a significant rise in deposits and loans.
UK Challenger Zopa Taps ClearScore’s D•One for Open Banking-Powered Credit Assessments
