AccountScore provides actionable insights and analytics on bank transaction data for its clients.
1st Stop Group Limited is set to partner with the data and analytics business AccountScore.
AccountScore provides actionable insights and analytics on bank transaction data for its clients.
The partnership hopes to enhance the service 1st Stop offers customers, enabling them to use open banking to monitor their financial fitness and identify areas for improvement.
The data provided by AccountScore will also enable 1st Stop to make more lending decisions, based on real time transactional data via open banking.
Richard Sharp, managing director of 1st Stop Personal Loans, said: “We are taking a new approach to lending by offering our customers additional services alongside our loan products, and our partnership with AccountScore is central to this.
"This relationship will enable 1st Stop to further enhance our customer proposition and ensure our customers are receiving the best possible solution and service from us.
"We are currently working on some exciting projects within the business and we have a number of significant strategic launches due in 2020, this being the first of many.”
Emma Steeley, chief executive of AccountScore, added: “We are thrilled that 1st Stop Group has chosen to make the most of the opportunities provided by Open Banking by adopting our revolutionary FHI (Financial Health Index) product alongside our market leading open banking solution.
"We are looking forward to working together to ensure 1st Stop Group continues to innovate and improve its underwriting processes.”
