Whole-Picture Credit Risk Assessment with Real-Time Open Banking Data

Real-time transactional data for lenders and providers of risk decisioning solutions. Harness the full potential of Open Banking for smarter assessments in your credit risk models. 

Open Banking Data for Lenders and TPPs

Build Powerful Risk Assessment Tools With Open Banking Data

We empower your credit risk assessment tools with real-time Open Banking data, enabling you to build smarter, more effective credit risk solutions.

From available funds and transaction histories to spending patterns and potential red flags, you can now make smarter lending decisions based on clear, current insights. Outdated credit scores are a thing of the past. 

Assess creditworthiness more accurately so you can approve financing faster and with greater confidence, minimising risk every step of the way.

Key Benefits

  • One API connects you to 2500+ banks across Europe.

  • Seamless access to critical financial data.

  • Real-time transaction data for faster, more accurate risk assessments.

The results? Streamlined lending processes, more precise verification and better credit risk decisions. All within a secure, transparent, and privacy-focused framework.

Run Smarter Credit Risk Assessments With Open Banking

Instant Checks

Automatically and accurately check an applicant’s income, expenses and credit history in real time. Now you can approve applications quickly without worrying about partial credit checks based on outdated data. 

EU-Wide Activity Tracking

Keep track of the financial behaviour of customers and applicants across Europe (2500+ banks in 29 countries). Leverage Open Banking data to gain a comprehensive picture of customers’ financial health, enabling your own data enrichment for thorough risk assessments.

Up-to-date risk scores and fraud checks

Identify potential fraudulent activity and credit deterioration in real time. Open Banking APIs provide up-to-the-second data, helping you or your clients maintain accurate, current risk scores.

KYC and Onboarding

Run full-picture and real-time KYC/KYB checks, cutting the length of the approval process. Verify applicant identities with features like automated IBAN checks and perform enhanced due diligence with speed and ease.

Data Directly From the Bank

With Open Banking,  you can gather and verify data instantly. Access account data from thousands of banks in 29 European countries (with new banks being added all the time) to perform fast and accurate risk assessments. 

Why Choose Enable Banking?

One API, 2500+ Banks

Regardless of which banks your customers use, our Europe-wide coverage enables you to access all relevant risk-related data in real time. Our exclusive focus on API bank connectivity lets us offer unparalleled quality, scalability and speed.

Instant Consent and Approval

Our lightning-fast API enables applicants to provide their consent instantly, ensuring secure and transparent access to their financial data. Eliminating delays in the credit risk assessment and approval process, allowing for faster and more efficient decision-making.

Built-In Security and Compliance

We maintain best-in-class security, fraud prevention and compliance standards. We adhere to ISO 27001 certification and PSD2 compliance, ensuring the highest international security standards for accessing financial data. We never see, share or sell any of your customer’s data.

Fast Track Open Banking

The fastest route to limitless Open Banking opportunities. We’re constantly expanding our API coverage for seamless integration. A customer-first approach means our flexible infrastructure adapts to you—not the other way around.

Data Privacy Assurance

We prioritise privacy and maintain the highest standards of confidentiality and ethical integrity. As a next-gen provider, we never monetise customer data or engage in questionable practices like scraping or reverse engineering.

Fast Setup and Clear Pricing

Most developers can integrate our infrastructure in as little as one day. With our commitment to clear and competitive pricing, you’ll know exactly where you stand as you grow and scale. 

Effortless integration and unrivaled support

Our Open Banking API operatea invisibly in the background. It’s designed to give you and your customers all the benefits of Open Banking without any of the hassle. We work tirelessly to maintain our backend infrastructure and offer support that’s among the best-reviewed in the space.

Partnerships

Enhancing third-party functionality as part of our core mission. 

One API, 2500+ Banks

See how our Open Banking tools enable you to build time-saving, revenue-generating features for your customers.

Hear From Our Clients

  • "The commercial team at Enable Banking wants to help us and wants Gokind to succeed. They don't want to just deliver PSD2 data. I like that very much."

    Anselmmson, Co-Founder and CEO of Gokind

  • “Integrating Enable Banking into our system was seamless, and their data is reliable and essential. Our tech and product teams are thrilled with their responsive support, making our partnership straightforward and rewarding.”

    Oliver Mohseni Skoglund, Co-Founder, Froda

  • "Enable Banking provides a key part of our end-to-end solution. It is a company that's concrete, smart, and devoted to perfect execution."

    Enrico Lodi, Managing Director at CRIF

Expert Support

Our fast and responsive support team is ready to assist whenever you need us.

Get Started Now

Ready to step into the future of Open Banking? Connect with us and be at the forefront of the financial revolution. Our team is here to help you along the way.

Sarah Häger, CCO
sarah@enablebanking.com

Frequently Asked Questions

  • Open banking allows financial institutions to access customers’ financial data with their consent. By using this data, credit risk scoring becomes more accurate. Open Banking data provides real-time insights into an applicant’s financial behaviour, including cash flow, transaction history and existing liabilities. All of this data can be used to augment credit risk models.

  • As a second-generation Open Banking provider, Enable Banking operates without relying on outdated techniques like screen scraping or reverse engineering. Instead, we use direct API integrations with banks, ensuring that the data we access is accurate, secure and compliant with regulatory standards. This modern approach guarantees that our data is of the highest quality, providing you with reliable insights for credit risk scoring.

  • Open banking provides access to comprehensive transactional data, enabling a more detailed analysis of an applicant's financial health. This real-time data helps in evaluating risk more accurately than traditional methods, which often rely on outdated or limited information.

  • Yes, customer consent is essential. Open banking operates on the principle of transparency and customer control, meaning that customers must explicitly agree to share their financial data for it to be used in credit risk assessments or for any other purposes.

  • Open banking data offers a complete picture of an applicant’s financial situation, helping to remove biases and assumptions that might arise from limited data. This ensures that credit decisions are based on actual financial behaviour rather than outdated credit scores or demographic information.

  • With open banking, you can access a wide range of data, including transaction histories, account balances, income patterns, spending habits, existing loans and any signs of risky behaviours like gambling. This data is crucial for building a more accurate credit risk profile.

  • Data security is a top priority in open banking. All data is encrypted and shared only with the customer’s consent. Enable Banking adheres to strict security standards and complies with regulations to ensure that your financial data is protected at all times.

  • Most developers can integrate our platform in as little as one day. Enable Banking’s API is designed for seamless integration, allowing you to quickly incorporate open banking data into your existing credit risk scoring models. This means you can start benefiting from more accurate and efficient risk assessments without major delays.  

  • Absolutely. Open banking is particularly valuable for assessing the creditworthiness of small businesses, which may not have extensive credit histories. The detailed transactional data available through open banking provides insights into a business’s financial health and risk level. Reach out to our team today if you would like to learn more about how we have helped other SME lenders improve their credit risk management with our data. 

  • Open banking data enhances the customer experience by enabling faster and more transparent credit decisions. Customers benefit from a quicker application process and fairer lending terms, as decisions are based on real-time data rather than traditional credit scoring methods.

  • Enable Banking’s API provides extensive coverage across consumer and business accounts, ensuring you have access to the most relevant and comprehensive data. Our API is user-friendly, secure and designed for easy integration, helping you enhance your credit risk scoring models and make better-informed lending decisions.

  • Absolutely. Our Open Banking API allows your customers to consent to ongoing financial checks, EU-wide activity tracking, and regular fraud monitoring.

  • Our solution collects real-time customer financial information quickly for KYC, speeding up the onboarding process with minimal data entry.

  • Our expert support team will be available to guide you through all stages of the integration and optimisation process.