Finexos and AperiData partner to improve outcomes and access to credit

Finexos is delighted to announce a new strategic partnership with credit reference agency (CRA) and Open Banking Provider, AperiData. AperiData is an FCA-authorised CRA founded to modernise and transform the way businesses access, understand, and utilise alternative data to better serve their customers. 

The collaboration opens the door further to enhance financial inclusion, support borrowers in consolidating higher interest debt onto more favourable terms and reduce default rates and costs for lenders. There is strong synergy between Finexos and AperiData, with both companies pioneering harnessing the power of AI and real-time data to make financial assessments better and fairer for both consumers and financial institutions. 

The initial focus of the partnership aims to utilise these technologies to empower credit unions and smaller lenders, enabling them to capitalise on the benefits of open banking in serving their communities by making more informed lending decisions and providing tailored financial solutions to their members. We look forward to sharing further news of these developments in the near future. 

Finexos Executive Director, Darren Smith, commented, “We are absolutely delighted to be working with AperiData. Through partnerships between innovators in the credit decisioning sector, access to credit for borrowers can be expanded and outcomes for both borrowers and lenders can be improved, and the benefits multiplied. Our teams have moved quickly to progress opportunities to add further value to all stakeholders.”

AperiData CEO, Stephen Ashworth, said, “Collaboration breeds innovation, and in partnering with Finexos, we’re fostering a realm where access to credit thrives, benefiting both borrowers and lenders alike. We are excited to be working with Finexos, empowering lenders to provide fairer finance for all.”

We look forward to working closely with AperiData to unlock new opportunities for financial institutions to leverage data-driven insights and technology to better serve their customers and drive positive outcomes in the credit industry.