Connect

Open Banking allows certain companies specially regulated by the FCA as Account Information Service Providers (AISPs) to connect directly into the UK's largest banks and financial institutions to securely access individuals' and SMEs' financial transaction data through APIs. Open Banking data can only be accessed with the individual or SME account holder's consent. Credit Kudos, an AISP, provides an online interface for requesting that consent, and enables the connection of multiple financial institutions at one time. Credit Kudos then consolidates the financial data retrieved through Open Banking into a useable format for lenders, brokers, and banks. A third party company not regulated as an AISP cannot access Open Banking without working directly with an AISP.

An API is a way for different technology products to communicate instantly and securely. One website, app or company can request information from another through the internet or a secure connection, then get data back in a standard format. Open Banking using APIs to transmit data between the banks and licensed and authorised companies like Credit Kudos.

We currently support Lloyds, Halifax, HSBC, RBS, NatWest, Nationwide, Santander, Barclays, Bank of Scotland, First Direct, M&S Bank, Ulster Bank, First Trust, AIB, and Danske Bank.

At the moment, Open Banking only covers banks with a presence in the UK, but we’re expanding to countries in the EU and beyond soon. If you are a business or bank interested in partnering with Credit Kudos outside of the UK, please reach out to us directly: hello@creditkudos.com.