1 minute read
DirectID
Contact
James Varga CEO & Founder
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james.varga@direct.id Head office: 83 Princess Street, Edinburgh, EH2 2ER
www.direct.id directid
Company Introduction
Traditional credit scores are outdated, ineffective and exclusive. DirectID helps providers make better, easier and more financially inclusive decisions by using Open Banking data and advanced realtime insights. This is our purpose – to create a global credit score that powers a more financially inclusive market. Lenders increase rates by accessing more of their market at less cost, lower fraud and with reduced risk. Consumers get convenience and better access to what they need at a level they can really afford. DirectID powers financial inclusion by leveraging open banking data to optimise credit & risk decisions. We provide a range of advanced insights from income verification to affordability, DirectID empowers decision makers to make better-informed credit & risk decisions with customer bank data.
DirectID supports more than 60 customers today, including global brands like Deliveroo, Ford, EY, Deloitte, Best Egg, XE, Butterfield Group, Target Group, Mansfield Building Society, Shieldpay and more across multiple countries. With over 13,000 connections, DirectID provides advanced open banking data for credit & risk decision-makers across 45+ countries, providing more coverage than anyone else in the market today. Globally we estimate that 1.5bn end users can connect their bank accounts through the DirectID platform today.
Current activity in Hong Kong
DirectID has both investment and customers in Asia currently.
Hong Kong expansion plan and motivation
DirectID is a global platform and Hong Kong is seen as a potential market for us. We are seeing traction and interest supported by existing customers starting to deploy us in the country and now looking beyond the short term and into the longer term opportunities.
Company’s objectives for the Hong Kong market
DirectID’s objectives are commercially driven. We now have customers starting to deploy us in the region.
