Watch how banks can increase their lending efficiency by 30% using Nordigen. But that's not all - we also demo a second use case - how any company can leverage Open Banking to verify consumer income in a matter of seconds.
With Nordigen, any bank or lender with access to transaction data can instantly assess the creditworthiness of any borrower in the world. Last year, we helped a client achieve a 30% increase in lending efficiency. Furthermore, any company can now leverage Open Banking to immediately make better consumer-finance decisions.
Our account analytics engine is simple and easy to use. Watch how it works below:
Here’s what we've been up to recently.
In recent years, tech giants like Apple, Google and Amazon have started planting flags in the financial sector, intruding on traditional financial institutions. Facebook is finally joining the race with Libra, its digital currency described as a “simple global currency and infrastructure that empower billions of people.”
As a society, we are gradually moving away from paper cash, increasingly gravitating towards alternative digital payment methods - contactless-cards, cryptocurrency, mobile and wearable technology. Regulatory driven initiatives like EU's PSD2 and UK's Open Banking are propelling financial innovation and enabling the emergence of new products and services.