Zilch partners with Experian for responsible lending in BNPL sector

Zilch uses a combination of CRA data, Open Banking data, and its in-house behavioural data to generate active consumer lending decisions, creating a complete profile of a customer’s affordability to take on extra BNPL credit for further purchases. 

Zilch’s latest partnership with Experian allows for reciprocal reporting of payment plans to the CRA’s data set and focuses on customers’ financial health to avoid financial burdens that could come from overspending. It is designed to provide both companies with a thorough insight into their customers’ spending behaviours, propose customised lending solutions, and rewarding over 2 million active clients for their responsible sharing while building their credit scores.