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UK-based P2P lender ArchOver launches open banking

Monday 6 July 2020 13:00 CET | News

Peer-to-peer business lending platform ArchOver has partnered with analytics firm AccountScore to provide open banking data for use in its credit and monitoring teams.

AccountScore offers insights and analytics on bank transaction data. It will provide tools that allows ArchOver to access the bank account data of current and prospective borrowers. The technology will also allow in-depth profiling, predictive behavioural insights, and the ability to set core monitoring red flags.

This follows ArchOver’s partnership with Rocking Horse, which provides research and development tax credit loans to UK SMEs, according to p2pfinancenews.co.uk.

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Keywords: ArchOver, Open Banking, P2P business lending platform, UK, AccountScore, credit and monitoring, analytics, bank transaction data, bank account, borrower, lender, in-depth profiling, predictive behaviour, SMEs
Categories: Banking & Fintech | Online & Mobile Banking
Countries: United Kingdom
This article is part of category

Banking & Fintech