Open Banking is a term used to describe a set of technologies and standards, which allows consumers to safely and securely share their account information.
You can choose to give secure access to your current account information such as your income, expenditure and financial transactions, to a regulated company via an app or website. Only you can decide what information you share and for how long, and no one gets access unless you give your permission. To use an Open Banking service you need online or mobile banking for your personal current account.
Allowing Custom Credit access to this information means we can offer you flexible and personalised payment options on your loan, and help you achieve your financial goals while keeping your data safe and secure.
For more information on Open Banking, you may wish to visit the Open Banking website www.openbanking.org.uk/what-is-open-banking/