Access your members' financial history with one click
Open Banking enables your members to safely and securely connect their bank account to your Credit Union rather than having to upload a bank statement.
We have worked with our partner TrueLayer and integrated Open Banking into our secure lending process, making the overall process much quicker and easier for your members!
Consider the time it currently takes and all the back and forth with members to collate all the necessary financial data required as part of a loan application. Open Banking means your members can link their other bank accounts with one click and makes for a much smoother, hassle-free member experience. It also vastly improves the time and effort required of your loans team to assess a loan application.
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The value of Open Banking
Seamless Member Experience
Your members can link their other bank accounts to your Credit Union with just one click, reducing the amount of documentation they need to send you, and quickening the overall loan process.
Time savings
Your staff save time going back and forth to members requesting bank statements. All members' transactional history is readily available once they complete their loan application.
Better quality loan book
The Open Banking link to your members' bank accounts is real-time information and cannot be manipulated, so rest assured you're basing your loan decisions on accurate information.
Boost your loans with Open Banking and Automated Decisions
Open Banking coupled with Automated Decisions is revolutionary for your loan offerings. Your members can apply for a loan, be approved for the loan, and receive payout through their online banking, in a matter of hours!
Your staff benefit from a reduced administrative burden and the reassurance that they’ve processed a loan with little-to-no risk.
Learn more about Automated Decisions today and offer your members an experience like no other financial institution.
Learn moreTipperary Credit Union expands loan book with €800,000 in Revolving Credit drawdowns
Tipperary Credit Union offers a variety of financial products and services to its members, including top-up loans. The Credit Union noticed that its manual processes for managing and administering these types of loans were time-consuming and prone to errors. To address these challenges, Tipperary Credit Union worked with Wellington IT and other Credit Unions to help build a revolving credit solution.
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North Midlands CU see increase of 59% in web loans since rebrand
North Midlands Credit Union launched their rebrand with a brand new member-centric website and since this, have experienced a 59% increase in web loans.
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Letterkenny CU experience 170% increase in Kiosk usage
Letterkenny Credit Union are experiencing a 170% increase in Kiosk usage amidst COVID-19. It’s also proven an incredibly useful machine to help their members with social distancing in branch.
Read Case Study
We’ve partnered with TrueLayer.
TrueLayer offer intelligent Fintech solutions across a wide range of industries including Credit Lending and Digital Banks. Providing your members with a best-in-class service.
Learn more about our other Growth & Lending products.
