Latest / Fintech Conversations with Fexingo: Banking, Payments, and Financial Software Companies
How Open Banking Data Powers Dynamic Mortgage Underwriting
In this episode of Fintech Conversations, Lucas and Luna explore how open banking is transforming mortgage underwriting. They dive into the story of a UK fintech that uses real-time transaction data to replace traditional credit scoring, cutting approval times from weeks to hours. The conversation covers the shift from income documents to live cash-flow analysis, the regulatory push from the FCA, and what this means for borrowers with non-traditional income. They also discuss the risks of data privacy and the algorithmic bias that could exclude vulnerable groups. With real examples and a…
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