2 min read
Definition
Open banking is a regulated, permission-based way to share bank transaction data. It is read-only — a lender can see the data you approve but cannot move money — and you authorise it through your own bank.
Why it matters for your business
For borrowers it often means a faster, better-informed decision because it shows live trading rather than dated accounts, and you can withdraw permission at any time. See how your data is used.
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Data controller
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Multi-factor authentication (MFA)
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Read →Funding for UK limited companies
Credit Corp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.