Navigating financial vulnerability: DirectID & elanev's real-time approach

DirectID & elanev offer a new approach to financial vulnerability assessment using open banking data.

From risk to reward: decoding affordability

DirectID's Tatiana Sotnikova discusses the contemporary challenges facing underwriters, highlighting the potential of bank transaction data as a valuable supplement.

90-day reconfirmation: giving lenders ongoing access to the data they need

Discover the benefits of the 90-day reconfirmation policy in open banking. Learn how it simplifies access to financial data, enhances credit risk decisions, and benefits both consumers and lenders.

What is open banking? The comprehensive guide

Open banking is a secure technology, for a consumer or SME to safely share specific bank account information with an authorised third party.

Managing your portfolio with categorised open banking data

DirectID’s Chief Commercial Officer, Clare McCaffery, explores how portfolio managers can use categorised bank transactions to better identify and prevent emerging financial distress in consumers.

DirectID and LendInvest Collaborate to Streamline Credit Decisions in the Property Finance Market

DirectID partners with LendInvest for efficient property finance lending. Open banking data enhances credit decisions, accelerating processes.

DirectID Appoints New CEO to Lead Next Stage of Growth

DirectID appoints Chris Mills as CEO, succeeding founder James Varga. With vast experience in startups, Chris will lead the next phase of growth.

Modelling, scoring & decisioning: here’s why lenders need alternative data

Portfolio management has played a crucial role in every successful financial organisation throughout history. But, gone are the days of relying on outdated and limited datasets for credit scoring. Today's world requires something more.

DirectID and Zinia AI Unite to drive hyper-personalisation and assist with regulatory compliance in lending

With DirectID's open banking service that provides lenders with direct access to real-time financial data and Zinia AI's advanced decisioning algorithms, lenders can automate, streamline and embed hyper-personalised journeys within the lending process creating great customer outcomes that retain customers.

Open banking in the fast lane: the insights from Money2020 Europe

As the dust settles from the whirlwind that was Money2020 Europe, we at DirectID are taking a moment to reflect on the most impactful interactions, the newest developments & breakthroughs, and crucial insights gathered from another major event.

DirectID and Smoothpay partner to provide a stable income to freelance earners

DirectID, the global credit & risk platform, have announced a partnership with Smoothpay, the fintech startup that transforms irregular income into a stable pay check. Smoothpay will use DirectID’s open banking platform to help provide a stable monthly income to freelancers, contractors, and small business owners.

DirectID and Faciit partner to help people with new-to-country status access credit

DirectID, the global credit & risk platform for risk managers, has announced a partnership with Faciit, an alternative lending solution for individuals without a UK credit history. This partnership leverages DirectID's open banking insights to help people with new-to-country status access affordable credit.

Ingka Investments makes EUR 9m investment in DirectID

February 22, 2023, Edinburgh, United Kingdom - DirectID, a UK-based, global fintech specializing in credit risk, risk analytics and predictive modelling, using bank transaction data, today announced that Ingka Investments, the investments arm of Ingka Group, has made a EUR 9m minority investment in the company.

Bank transaction categorisation: keeping up with the ever-moving goalposts

DirectID's Senior Data Scientist, Andy Spence, delves into the winding world of bank transaction categorisation and explains how we keep up with the ever-moving goalposts.

James Varga appointed as Scottish Export Champion For the Department Of International Trade

In addition to James Varga being appointed as an Export Champion, his company DirectID has also been appointed as the new FinTech Champion for Scotland.

On demand | The future of account verification: In conversation with DirectID & Shieldpay

Join the Founders of DirectID & Shieldpay for a conversation on account verification and open banking on Wednesday 26th October.

Consumer Duty: Getting into the customer's shoes

James Syron, DirectID's Partner Manager, references the FCA's Consumer Duty when outlining why financial services needs to get into the customer's shoes.

Got Capital adopts open banking To digitise SME funding process

DirectID, a global credit risk platform, and Got Capital, a UK based small business capital provider, have today announced a new partnership to digitise the application process for business financing.

On demand | Alternative credit data for better customer outcomes

Join the webinar to discuss and explore the alternative data that lenders need to produce better customer outcomes.

Seven things I've learned building one of Scotland’s most flexible workplaces

DirectID's Head of Employee Experience, Karen Henderson, explains how flexibility can be your company’s superpower.

Mansfield Building Society simplifies application process with DirectID

Mansfield Building Society has launched with open banking platform DirectID to make it easier for mortgage applicants to provide their bank statements online.

DirectID soars to the top of the credit & risk space, unveiling a slick new visual identity

DirectID launched a new website, branding and messaging to support status as the leading open banking provider to the credit & risk space.

DirectID announce partnership with UK payments leader Shieldpay

Shieldpay and DirectID have announced a partnership to use DirectID’s Connect widget in Shieldpay's payments engine.

Frictionless Finance Report - Thursday 24th June

This month we examine the use case for Open Banking in the gaming sector and the potential for a digital coin from the Bank of England.

What lenders should be paying attention to in 2022

James Varga contributed to Trade Ledger's 'Business Finance Predictions 2022' report. His message? Open Banking is going mainstream, get on board.

DirectID's James Varga joins Open Banking World Congress Panel

DirectID joins panel at the Open Banking World Congress to discuss how to commercialise open banking globally.

DirectID backs calls for government support in the growth of Fintech

DirectID CEO is among 70 Fintech leaders to co-sign an open letter on the one year anniversary of the Kalifa Review.

DirectID bolsters commercial team with key industry hires

DirectID announces seven new hires to their commercial team as they eye expansion into new markets.

A better way to identify vulnerable utilities customers

As the energy crisis escalates, open banking could be the key to proactively assessing and managing financial vulnerability.

DirectID raises $3m in bridge round to expand credit and risk platform

DirectID has kicked off a new funding series, recently completing a $3 million bridge round led by Hong Kong based venture capital firm QBN Capital.

DirectID hires first Chief Commercial Officer in global growth push

Clare McCaffery joins the DirectID Clan as CCO, bringing 20+ years of commercial strategy experience across data analytics and credit risk, to accelerate the company's global growth ambitions.

Transforming the collections process for utilities providers

Collections is unappealing for collections agents and for customers. DirectID spoke to some of the leading companies in the field about key problems.

DirectID announces open banking sandboxing

DirectID, a global credit risk platform, announced today that it has partnered with Mockbank, a FinTech providing sandboxing and testing functionality for Open Banking connections.

FinTech partnership brings open banking to credit unions

DirectID and Constant Partner to enhance digital loan servicing for banks and credit unions with open banking.

FinTechs join forces to combat climate change

Doconomy and DirectID will work to bring climate functionality to a wider audience verifying the development of tools that enhance environmental considerations.

Frictionless Finance Report - Wednesday 19th May

We examine how Open Banking and digital transformation can help the UK to recover from the pandemic, and whether Canada needs to step up its Open Banking game.

DirectID sign PayShield as a customer

DirectID have signed PayShield as a customer, using DirectID's account verification service to reduce fraud and ensure accuracy in their transactions.

4 security considerations for online store payments

In this post, we look at four security considerations that must guide the development of an online store if a suitable level of quality is to be achieved.

Frictionless Finance Report - Thursday 22nd April

This month we examine a new consultation on Open Finance and ask what impact this will have on the future of money.

DirectID are a British Data Awards 2021 finalist

DirectID shortlisted as a finalist at the British Data Awards 2021 for Analytics Company of the Year.

DirectID sign AX as a customer

DirectID have signed AX as a customer. AX will use DirectID's affordability assessments to better understand their customers.

5 learnings from James Varga's open finance session

Catch up on the recent Open Finance webinar with James Varga, and discover the emerging bank data use cases in 2021.

Redefining credit risk for a global audience

Open Banking has come a great distance and Open Finance is now on the horizon. DirectID's James Varga examines how DirectID impacts within these parameters.

DirectID sign Exclusive Law as a customer

DirectID have signed Exclusive Law as a customer to help them calculate their customers affordability.

Frictionless Finance Report - Thursday 18th March

This month we examine industry’s response to the Kalifa review on FinTech and the consultation on a new replacement body for the OBIE.

DirectID inputs into new FinTech report

DirectID has welcomed the new report into UK FinTech authored by Ron Kalifa, and with a contribution from DirectID's James Varga.

Frictionless Finance Report - Wednesday 17th February

This month we examine the impact Open Banking is having on payments, the launch of Open Banking in Brazil and the never-ending rise in the price of Bitcoin.

Excluded, distressed & underbanked: Tier 1's, it's time to evolve

Just as the FCA have over the last 6 months, FI's must also evolve their thinking around customer vulnerability. Their profits depend on it.

DirectID recruits new COO to bolster internal team

DirectID have hired David Freeman as Chief Operating Officer to lead on product development and release, and manage the creation of a new Data Science Team

Frictionless Finance Report - Thursday 21st January 2021

This month we celebrate Open Banking’s third birthday in the UK, the evolution of payments in Open Banking, and the impact of Covid on consumer’s money.

DirectID join the FCA’s 2020 Digital Sandbox to combat vulnerability

DirectID have been shortlisted as one of 30 companies to join the FCA 2020 Digital Sandbox pilot.

Frictionless Finance Report - Thursday 19th November

This month we examine whether there is sustained momentum for the move to Open Finance and progress on the CDR in Australia.

Trust Stamp and DirectID empower consumers and organisations through secure, trusted open banking tools

DirectID partner with Trust Stamp to offer customers unrivalled service using Open Banking solutions and biometrics.

Frictionless Finance Report - Thursday 22nd October

This month we examine the proliferation in Open Banking usage, the positive future for the FinTech sector and the progress of Open APIs in North America.

DirectID nominated as award finalists

DirectID have been nominated as finalists in the 2020 Credit Strategy Awards in the 'Excellence in Open Banking" category.

Frictionless Finance Report - Thursday 24th September

This month we examine the leaked documents from the US Financial Crimes Enforcement Network and how banks can capitalise on bank data.

Preventing a vulnerability crisis: a data-driven response

Referring to the FCA’s recent guidance consultation, we explore how FS firms can ensure that the UK’s vulnerable consumers are protected and supported.

DirectID launch collections & recoveries solution

DirectID launch Collections & Recoveries product to assist both collection’s agents and their customers.

Introducing Collections & Recoveries

DirectID are delighted to launch our latest product offering, Collections & Recoveries; assisting collections' agents and consumers to repay credit.

Wielding the open banking sword in the time of Covid-19

The new C-Suite role has arrived; the Chief Coronavirus Officer (CCO), and she is driving digital transformation and Open Banking adoption at a faster rate than we have ever seen before.

Scotland’s FinTech Cluster – A Tech-Driven Revolution

DirectID joins FinTech Scotland and BBC StoryWorks to tell the powerful story of the Scottish FinTech sector.

FinTech sector launches inclusion charter to address high levels of workplace harassment

DirectID is delighted to be amongst the first signatories of the new FinTech For All Charter designed to challenge workplace bullying and harassment.

Frictionless Finance Report - Wednesday 19th August

We examine the intertwined relationship between the global pandemic, Open Banking, challenges faced by FinTech's and the response of the finance sector.

Frictionless Finance Report - Wednesday 22nd July

This month we examine whether all companies should consider becoming a FinTech, the race to digitalisation, and the launch of Open Banking in Australia.

Frictionless Finance Report - Thursday 25th June

We examine the future of the Open Banking Implementation Entity, news from across the globe and the continued impact of Coronavirus on the finance sector

Frictionless Finance Report - Wednesday 20th May

We examine banks beginning to embrace digitisation, how APIs are critical for this to happen, and the continuing evolution of the bank-FinTech relationship

Frictionless Finance Report - Wednesday April 22nd

In the Frictionless Finance Report we examine the difference FinTech is making in the coronavirus crisis and the impact of digital bank statements.

Frictionless Finance Report - Thursday 26th March

This month in the Frictionless Finance Report we examine the continued push towards a system of Open Finance, the impact on the financial system of a pandemic, and a big awards win for DirectID.

DirectID are Open Banking Award winners

DirectID are delighted to have won the Open Banking Product or Service of the Year at the FS Tech Awards.

DirectID selected to join prestigious FinTech programme

DirectID has been selected to join the Plug and Play Programme designed for scale-up FinTechs.

Frictionless Finance Report - Wednesday 19th February 2020

This month we examine the transition from Open Banking to Open Finance, the success of FinTech in the UK, and the importance of tech in UK banks.

The ID Co. rebrands as DirectID

The ID Co. has rebranded as DirectID. The company is refocusing it's efforts on its core proposition of sharing bank data.

11 Predictions for the Evolution of Payments through the 2020s

What propositions will change the payments industry in the 2020s? Here, we examine eleven we think will make an impact on the sector.