AperiData

AperiData is a challenger credit reference agency that utilizes Open Banking technology to provide instant, accurate, and fair financial assessments. The company was founded in 2018 and is headquartered in Burnley, Lancashire. The founding team consists of CEO Paul O'Donohoe, Andrew MASYK, and Steve Ashworth, who are described as risk practitioners and serial entrepreneurs with extensive experience in global credit risk and data analytics. AperiData is authorized and regulated by the Financial Conduct Authority (FCA) as both a Credit Reference Agency and an Open Banking Provider.

The company's primary service revolves around revolutionizing credit scoring and lending processes to improve financial inclusion. It offers real-time risk insights that empower organizations, such as financial institutions, to enhance their digital services and improve outcomes for consumers. By leveraging Open Banking, AperiData can access up-to-date transactional data directly from a consumer's bank account (with their consent), leading to a more comprehensive and accurate picture of their financial health than traditional credit scoring methods. This allows lenders to make more informed decisions, potentially offering fairer terms and greater access to credit for a wider range of individuals, including those with limited credit histories.

AperiData's business model targets financial institutions and other organizations involved in lending and credit assessment. Its platform provides these clients with tools for better risk management, fraud prevention, and affordability checks. The core benefit for lenders is the ability to reduce bad debt, improve operational efficiency through automation, and serve a broader customer base responsibly. For consumers, the platform aims to facilitate fairer and more transparent access to financial products.

Keywords: Open Banking, Credit Reference Agency, financial assessment, credit scoring, risk management, data analytics, fintech, lending, affordability checks, financial inclusion