Aire has partnered with consumer credit reporting giant Experian.
The聽London FinTech, which aims to make credit fairer for consumers and more valuable to lenders, has entered into a reseller agreement which means Experian can now sell Aire鈥檚 credit insight combined with their bureau and decisioning services.
The deal could benefit customers of online retailer N Brown as it went through an initial proof of concept with them with enabled better decisions to be made on credit applications.
The integration now enables a full commercial rollout in an efficient way for N Brown.
鈥淲e pride ourselves on providing affordable lending to our customers and our ambition is to responsibly say yes to more customers by leveraging new data and analytics,鈥� said Chris Kevill, credit risk director at N Brown.
鈥淔ollowing the successful proof of concept with Aire, we are delighted to be moving to a full rollout which will lead to better outcomes for our customers.鈥�
Aire鈥檚 chief commercial officer Matt Davies said: 鈥淲e have always looked to augment traditional credit bureau data with Aire鈥檚 credit insight engine.
鈥淭he Aire and Experian partnership we are announcing today will open a previously underserved credit population for lenders in a convenient, efficient, and scalable way.
鈥淲e are confident the combination of Aire and Experian data creates a market leading proposition which will be attractive across multiple sectors and the full lending spectrum where lenders want to gain additional information on applicants to make better credit decisions.鈥�
Jonathan Westley, Experian鈥檚 chief data officer, said: 鈥淎ire鈥檚 credit insight engine has been used successfully in online originations and collections journeys by obtaining additional information from customers.
鈥淭he information, added to existing bureau data, helps lenders to enhance and further automate credit decisioning.
鈥淎ire will enable Experian to offer a new and innovative solution for people with thin credit files, which will help our clients to improve their credit decisions.鈥�