Equifax supports HSBC UK’s first live loan application solution

HSBC UK created the “first live” use case of open banking for loan applications using Equifax’s InterConnect cloud platform.

“Part of the open banking challenge is to educate consumers about what this means in the real world …”

Equifax says the solution will enable quick affordability assessments by allowing individuals to electronically submit their bank transfer information in less than five minutes during a loan application.

Jake …

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