Case Studies
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How Open Banking is simplifying access to credit in the BNPL space

Published on
August 24, 2023
Updated on
January 24, 2024
Razza Ahmed
Product Marketing and Marketing Lead
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Case Studies

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Open Banking has brought a transformative shift to the BNPL payments sector, revolutionizing credit evaluations with efficiency. Through Open Banking APIs, access to individuals' financial data has simplified risk management for BNPL companies such as Tabby. Simultaneously, consumers can now enjoy swift access to credit and financial inclusion.

This acceleration benefits consumers with fast, hassle-free credit assessments and approvals, while Tabby can extend credit to a broader clientele, mitigate bad debt risks, foster customer loyalty, and amplify satisfaction levels.

Empowering Credit Scoring Through Open Banking

The heart of our partnership with Tabby lies in the realm of credit scoring. By seamlessly integrating our Open Banking products, Tabby has unleashed the potential to enhance their customer credit assessments. This strategic move has proven to be a game-changer, significantly reducing risk of default by 400% and propelling approval rates to 98%. Through the power of data-driven insights via Lean’s Open Banking APIs, Tabby has solidified their position as a forward-thinking industry leader.

Download the case study here.

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