Open Banking allows lenders like credit unions to see your bank statements without requiring photocopying and emailing them. As ever you can opt out of providing statements this way however Open Banking will make the assessment of applications much quicker.
Members wanting faster decisions know that we need to see everything that might impact on our decision and Open Banking provides the ability to easily look at all bank statements online.
Watch the video below to find out more about Open Banking.
(Source: Open Banking)