D•One, the open banking business unit from The ClearScore Group, has announced a partnership with Hastings Direct Loans to provide open banking connectivity and transaction categorisation intelligence.
Hastings Direct Loans, part of the Hastings Group, will take open banking data for prospective borrowers from D•One so that it can assess their affordability via the ClearScore marketplace. Hastings Direct is the 20th partner to have signed up with D•One in 2024, including Abound, Zopa, Plend and Salad Money.
D•One supplies Hastings Direct with bank transaction data at the beginning of customers' loan searches. This data is then processed by Hastings Direct to make more informed credit decisions, enabling broader access to affordable loans while significantly reducing credit risk.
Tim Kelleway, Managing Director at D•One, said: “We are helping lenders perform rapid and detailed affordability calculations, resulting in a fairer assessment of borrower risk and a smoother process for customers. An increasing number of loan providers are leveraging our huge volumes of banking data to drive more sophisticated pricing and risk management, and we're delighted to support Hastings on that journey.”
Adam Malcolm, CEO, Hastings Financial Services Ltd, said: “I am pleased to announce our strategic partnership with D•One, which will significantly enhance our ability to serve a larger and more diverse customer base through the integration of open banking data. This collaboration will enable us to better understand and address our customers' needs by providing an increased level of precision in evaluating their financial situations. Thank you to all the teams involved in bringing this to life and I look forward to seeing this partnership prosper over the coming months and years.”
D•One provides the most comprehensive suite of Open Banking connectivity in the UK and has an advanced deterministic categorisation model developed over 12 years and with over 7 billion transactions. Lenders such as Hastings, Abound, Zopa, Plend and Salad Money can leverage these capabilities both on and off the ClearScore platform. D•One works seamlessly in a lender’s own digital estate as well as in ClearScore’s own credit marketplace.
D•One operates a modern and fully cloud-based tech stack with micro-services architecture for maximum speed and reliability. Its open banking connection and categorisation services are available to lenders and/or introducer partners to support credit brokering and application processes across the market, delivering consistent functionality and decisioning solutions across all channels.
