Zopa Bank has started to share credit information with Infact, enhancing the accuracy and timeliness of consumer credit reports.

This move is designed to offer customers more precise and up-to-date credit profiles, thereby fostering healthier competition within the credit reporting sector. Operating the Delta Platform, Infact aims to challenge the dominance of traditional players by emphasizing improved data quality and transparency in reflecting consumers’ financial behaviors.

Improving Credit Reporting Through Collaboration

Representatives from Zopa Bank assert that this partnership is integral to their broader strategy to enhance customer financial stability. By exchanging information with Infact, the bank hopes to provide its 1.5 million customers, especially those in the UK, with a clearer understanding of their credit history. The bank believes such collaboration can assist individuals in making more informed financial decisions and building representative borrowing and repayment profiles.

According to Infact’s representatives, this agreement supports their goal of creating a fairer credit reporting system by ensuring that consumers’ financial activities are recorded comprehensively and transparently. They view the partnership as a milestone in setting higher standards across the industry, with superior data quality benefiting both borrowers and lenders.

This initiative aligns with Zopa Bank’s 2025 Fintech Pledge aimed at bolstering customer financial health. By partnering with Infact, the bank is contributing to a growing trend of financial institutions seeking to diversify the UK credit bureau market, potentially reducing dependency on existing providers.