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Experian: Launches digital verification service for payroll data sharing consent

Experian: Launches digital verification service for payroll data sharing consent

  • Experian launches new service to help lenders provide even faster, more accurate, and bespoke lending decisions
  • Work Report the first digital verification service that allow consumers to consent to digitally share their payroll information
  • It provides connectivity to an employer’s payroll data to provide direct confirmation of a consumer’s gross
  • The solution used as part of their affordability and credit checks when a new customer applies for financial products
  • It helps to provide a faster, more accurate, lending decision, reduce credit risk and create a better overall digital experience
  • The network is growing rapidly, and we expect it to reach 2 in 3 UK consumers by December 2021
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