What is Open Banking?

Open Banking is a secure way of sharing your financial information with trusted third‑party providers — but only if you choose to give permission. Instead of sending us bank statements, you can allow us to securely view the information we need through your bank’s systems.

Banks use special technology called APIs to share only the specific information you’ve agreed to, keeping your data safe and protected at all times. Using Open Banking allows us to quickly and accurately verify your income and spending, Open Banking is designed to make things easier, faster, and more secure for you.

To find out more information on open banking, you can review our guide to open banking.