20 Results
Jonathan Westley Chief Data Officer, Experian UK & EMEA at Experian
The long-term economic effect of the Covid-19 pandemic is still largely unknown, but it’s likely to make an impact like nothing we’ve seen since the Second World War. With a few nations emerging from the lockdown and only now starting to get back on their feet, there is still no certainty about when – and how – the economy will recover. The IMF pr...
12 June 2020 /inclusion /covid-19 Innovation in Financial Services
The past few weeks have served up a range of unprecedented challenges for everyone and we are all quite rightly focused on staying safe and healthy. But many people will also be concerned with their financial health too, which will certainly be a worry if your income has taken an unexpected hit. This isn’t a normal time we are living in and it’s g...
02 April 2020 /people /covid-19 Financial Risk Management
Two years on from the launch of Open Banking in the UK and we’ve seen a wave of innovation which has transformed the way we all manage, move and make the most of our money. Experian is behind many of the Open Banking services you see today, processing approximately 1 in 4 of the successful Open Banking API ‘calls’, when people consent to share thei...
15 January 2020 /inclusion Innovation in Financial Services
Data underpins the modern economy. Every single day, Experian processes more than 100,000 applications for credit cards, mortgages, loans and current accounts and more than 500,000 soft searches, helping individuals take control of their finances and protecting their credit report at the same time. But data itself is constantly changing and evolvi...
03 December 2019 Data Management 101
Financial exclusion is a significant issue, particularly here in the UK. It results in many people finding it difficult it difficult to access basic banking services or facing severe restrictions on the financial products they can use - many of which most of us take for granted. According to the Financial Inclusion Commission, more than 1.5 millio...
29 April 2019 /inclusion Financial Inclusion
It’s been an unusual summer. England’s footballers reached their first World Cup semi-final in 28 years, while the heatwave has caused meteorologists to make comparisons with weather 42 years ago. Now the Office for National Statistics has identified another rare event: UK households have become net borrowers for the first time in almost 30 years. ...
30 July 2018 /inclusion
Today’s customer expects to be able to access the products and services they want with the push of a button. This includes a wide range of financial products available on digital platforms. Research shows that millennials in particular are increasingly trusting when it comes to technology. Even when it comes to mortgages they are driving digitalisa...
15 January 2018 /inclusion Digital Banking Trends
As the Financial Conduct Authority explains: “Consumer credit has a key economic function and is a largely beneficial activity. Most borrowers repay without difficulty and without financial distress.” There are risks in high-cost credit or where customers seek credit but may not be able to afford the costs, as people in the industry are aware. Yet ...
13 November 2017
This week is the 9th annual ‘My Money Week’, the national activity week for primary and secondary schools that aims to improve the skills, knowledge and confidence of the younger generation in money matters. It’s as good a time as any, then, to reflect on just how much general awareness there is about financial management. Recent evidence suggests ...
13 June 2017
Ten years ago, the Bank of England interest rate sat at 4.75% Now? Now it sits at the unhappily low rate of 0.25%. To put this in perspective, on a £150k mortgage over 25 years, today’s payment would be £516 a month. Ten years ago, the cost would have been £855. This equates to a 66% difference – presenting a considerable change which will affect ...
28 April 2017 /regulation
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