PrinSIX Partners with AccountScore to Delivery Optimized Open Banking Journeys
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PrinSIX Partners with AccountScore to Delivery Optimized Open Banking Journeys

By CIOReview | Thursday, May 27, 2021

PrinSIX collaborates with AccountScore to help lenders and other Financial Services companies to implement Open Banking in intelligent, personalized onboarding journeys.

FREMONT, CA: PrinSIX has announced a collaboration with AccountScore, a pioneer in open banking data analytics. The joint venture will enable lenders and other Financial Services companies to implement Open Banking in intelligent, personalized onboarding journeys.

Open Banking refers to the use of open APIs that allow third-party developers to develop applications and services by easily sharing data insights across financial institutions, providing account holders with more comprehensive yet regulated financial transparency alternatives.

AccountScore's leading Open Banking solution provides detailed insights into customers' financial situations. PrinSIX develops intelligent Open Banking journeys that optimize conversational outcomes while offering the best customer experience. Lenders can enhance their use of Open Banking by testing onboarding journeys regularly. Combining the two technologies generates a compelling case for lenders to adopt Open Banking safely and effectively.

Julian Graham-Rack, PrinSIX Technologies CEO, says, "We are delighted to partner with AccountScore's market-leading Open Banking solutions. It means we can jointly resolve the practical issues faced by lenders of including Open Banking within effective customer onboarding journeys."

Customers' interactions with lenders and other businesses are changing as a result of open banking. While companies are rapidly adopting it, Open Banking is still relatively new to the industry as a whole.

Graham-Rack adds, "We're right at the start of the Open Banking journey, and there's a lot to learn. Lenders will have to change rapidly as they learn those lessons. It's therefore important they can implement changes rapidly and easily--as their need develops. Technology needs to enable this change, not act against it. The combination of the AccountScore leading Open Banking product with PrinSIX advanced dynamic journey technology simplifies and de-risks deployments for lenders."

Emma Steeley, CEO at AccountScore, says, "I am really excited by this partnership as it offers clients a simple way to deploy Open Banking in their application process. One of the challenges faced by lenders is allocating internal resource to transform their application process. PrinSIX's technology creates the opportunity to resolve this."