Amplifi Capital and D•One have entered into a strategic partnership to enhance financial inclusion.
D•One will supply Amplifi Capital with Open Banking transaction categorization intelligence, enabling the latter to improve its customer lending platform.
Additionally, D•One will assist Amplifi Capital in optimizing the use of alternative data (income and expenditure data) to provide credit unions with more responsible credit offers to individuals who might otherwise be excluded from traditional lending. Both organizations will continue to address evolving market needs while ensuring compliance with relevant regulatory requirements.
Details of the Partnership Between Amplifi Capital and D•One
The partnership aims to help Amplifi Capital expand its capabilities in data beyond conventional credit decision-making, offering a broader view of customers’ financial health. This approach ensures better outcomes for customers.
In turn, D•One will support Amplifi Capital’s efforts to responsibly lend to underbanked segments of society during rising living costs. The combination of extensive Open Banking records and credit expertise will drive enhanced client experiences by identifying risk indicators and ensuring accurate income verification, risk insights, and affordability assessments.
