Glossary
Open Finance
Open Finance is the extension of Open Banking principles to a wider range of financial data, such as savings, investments, pensions and insurance, shared securely with consent. It promises an even fuller picture of a customer's finances for affordability and advice.
Open Finance is still developing in the UK, but it points to richer, consent-based data for lending decisions.
How Credit Canary helps with open finance
Credit Canary brings the data, decisioning and payments behind Open Finance into one platform for UK lenders.
Open Banking integrationRelated terms
See Open Finance in a working platform
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