Our next-generation CDR-based product unlocks a deeper understanding of new-to-bureau and thin file consumers’ financial behavior, not available in a credit report.

Open Score™ utilizes consumer-consented bank transaction data obtained through the Consumer Data Right (CDR) in Australia. This data is analyzed in real-time to assess a consumers’ financial health, including their income, expenses and spending patterns. By evaluating this information, Open Score™ generates a single metric which: <ul> <li>Summarizes the consumers’ overall financial well-being</li> <li>Aligns with the traditional credit scoring methodology to predict the likelihood of default</li></ul>
Benefits
People
New consumers
Open Score™ creates opportunities for businesses to connect with new customers by providing insights into their financial health.
Inclusion
Financial inclusion
Open Score™ supports financial inclusion by illuminating consumers who would otherwise be credit invisible and educating on financial health.
RealTime
Real time
Open Score™ is generated in real-time using consumers’ bank transaction data.
Key Features
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      Open Score™ is a value between 0 - 10 that provides an overview of financial wellbeing of an individual that considers regular income and expenses.
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      Confidence Metric is a value between 0 - 10 that provides an indication of how reliably the score represents a consumers’ financial wellbeing.
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      Key Contributing Factors are the attributes of bank transaction data that impact the score at a point in time. They may be positive or negative.
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      Alerts are activity in the bank transaction data that consumers may want to be aware of to better understand their expenses.

Use Cases
Open Score™ is for businesses that want to:
  • Provide more insights to consumers who are new to bureau to enable them to understand their financial health.
  • Provide more insights to consumers who are new to bureau or thin file to enable them to get credit ready.
  • Use alternative data for new to bureau or thin file consumers to make a lending decision.

Open Score™ is for:
  • Financial Wellness Providers: Open Score™ is for financial wellness providers that want to provide more insights to consumers who are new to bureau or thin file to enable them to better understand their financial health and/or get credit ready.
  • Digital Bank: Open Score™ is for banks that want to provide a value added service to their customers in the digital banking app.
  • FinTech Lender: Open Score™ is for fintech lenders that want to use alternative data for new to bureau or thin file consumers to make a lending decision.

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