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Lending

The insights to give credit where credit is due.

Smarter lending decisions. A smoother borrower experience. Get the data you need to deliver both.

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Unlocking progress

Future-ready lending is here today

Secure, user-permissioned data is a launchpad to next-gen credit and financing.

⅔

of Millennial and Gen Z borrowers would use open finance to apply for credit or manage a loan1

87%

of business respondents would use permissioned data insights for consumer lending decisions1.

1 in 2

consumers would opt into data sharing to simplify the lending application process1.

No. 4

businesses ranked improved access to capital, funding and loans among the top benefits of open finance1.

The Mastercard advantage

With 95% coverage of U.S. DDA accounts, 90% coverage of US payroll accounts, and a history in the mortgage industry, Mastercard Open Finance delivers reliable data that lenders and borrowers trust.

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Experian Boost

Thanks to open banking capabilities, Experian Boost has enabled more than 6 million consumers to leverage their telecommunications, utility, cell phone, and streaming service payments. That real-time data can boost FICO® Scores, increase financial inclusion, and enhance decisioning for lenders. The Finicity-Experian relationship has proven, once again, that consumer-permissioned data, combined with smart insights, opens the door to new possibilities.

Mastercard Open Banking’s new credentialed payroll enhancement was one of the simplest product launches we have done. The new experience integrated smoothly into our existing processes with no impact to loan processing workflows and an efficient borrower experience. We are excited to digitize our loan application experience with a much more cost-effective way to verify income and employment.

Josh Cilman Intercoastal Mortgage Executive Vice President Intercoastal Mortgage

Enable simpler, smarter decisions across mortgage, auto and personal lending

Mastercard Open Finance solutions empowers lenders with the tools and insights they need for confident decisioning.

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Asset verification

Bank-validated insights on account ownership, current and average balances and transaction history.

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Income verification

Get up to two years of income history in seconds. Filter with data intelligence for ranked income streams with confidence scores.

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Employment history

Verify an applicant’s employment history using robust data access and insights.

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Cashflow analysis

Powerful analytics dive deep into credits, debits and balances to get the full story on a borrower’s financial situation.

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Scoring attributes

Create or inform credit scoring models with reliable data and analytics for simplified, broadly applicable credit decisioning.

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Business lending

Open-finance-enabled analytics and predictive insights leverage permissioned data to transform business lending for SMB service providers.

Mortgage verification service resources

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Frequently asked questions

How do fintech lenders automate credit decisioning?

In the U.S., Mastercard Open Finance* offers lenders access to consumer-permissioned data including account balances, transaction history, income streams, and employment history, which can help lenders make faster, more informed credit decisions. This data and attributes can help create or inform credit scoring models for more streamlined and scalable credit decisioning approaches. 

*via it's FCRA compliant Finicity platform 

How does open finance improve loan underwriting?

Open Finance gives underwriters near real-time, bank-sourced data across asset verification, income verification, employment history, and cashflow analysis, which can help reduce reliance on manual document collection by leveraging secure, permissioned data. Intercoastal Mortgage, for example, uses Mastercard's verification of income and employment (VOIE) product within an automated underwriting system that can support qualification for Fannie Mae Day 1 Certainty in the U.S. market. 

How does bank account analysis improve lending decisions?

Mastercard Open Finance cashflow analysis examines credits, debits, and balances in depth to give lenders a more comprehensive view of a borrower's financial situation. This can help lenders assess risk more effectively, including for “thin file” borrowers who may have limited traditional credit history. 

Can Mastercard Open Finance help borrowers with little or no credit history?

Yes. By analyzing real-time cashflow and transaction data, Mastercard Open Finance can help lenders make more informed decisions for thin-file or underserved applicants who may not have a traditional credit history. 

What is bank account ownership verification?

Bank account ownership verification helps verify that a loan applicant is associated with the account they reference in their application, using bank-sourced data. Mastercard Open Finance delivers this through its asset verification, backed by 95% coverage of U.S. demand deposit accounts (DDAs). 

How does open finance enable identity verification?

Mastercard Open Finance uses consumer-permissioned data shared through securely designed account connections to help confirm account ownership and help verify financial identity details during the loan application process. This can help support a more reliable foundation for lender onboarding and credit decisioning. 

How do borrowers share their financial data with lenders?

Borrowers share their information through Mastercard's securely designed data connection, which allows them to link their bank or payroll accounts or upload documentation like paystubs directly during the loan application process. Data sharing is based on consumer permission, so borrowers can maintain visibility and control over how their data is shared. 

What types of loans can Mastercard Open Finance support?

Mastercard’s U.S. Open Finance solutions support a variety of consumer lending use cases including mortgage, auto, personal lending and credit card issuance. The solutions can also support small business lending, including merchant cash advance, SMB loans, etc. The platform's analytics and permissioned data capabilities can be used across a wide range of consumer and commercial use cases. 

How widely does Mastercard Open Finance cover U.S. financial accounts?

Mastercard Open Finance covers 95% of U.S. DDA accounts and 90% of U.S. payroll accounts, giving lenders broad data access across many borrower profiles. 

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1. Mastercard Rise of Open Banking Report, 2024.