Why do we use Open Banking?
Open Banking is a secure practice that allows financial service providers, like Yonder, to access your banking data, such as your recent transactions, with your permission.
We believe in making credit fairer. Traditional credit scores can be outdated by six weeks or more, which means they may not reflect your current financial situation accurately.
Instead of relying solely on credit scores, we ask you to connect your most-used bank accounts, typically:
The account where your salary is paid
The account where you spend the most
This helps us assess your financial habits in real time and offer a credit limit that’s right for you.
💡 We only use your information to assess your application and determine a suitable credit limit. Your data is never used for any other purpose.