Tandem Bank: Leverages Open Banking

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Tandem Bank: Leverages Open Banking

Tandem Bank: Mobile bank, leverages Open Banking to offer competitive mortgages

  • Tandem is developing the UK’s first crowd-designed mortgage for those hoping to get on the property ladder
  • It also allowing priced-out consumers to share their personal mortgage with the digital challenger
  • Bank will feed their input into the design phase of the mortgage, serving the consumer directly
  • The crowd-designed mortgage will launched in the UK in 2020
  • Banking also implement a new credit scoring method based on the customer’s aggregated financial data
  • Tandem also provide a range of different solutions to assist consumers with schemes such as Help to Buy and Shared Ownership