Consumers are starting to appreciate that they now “own” their own data records, and the benefits will become ever more apparent to them. The expected impact on the underserved consumer market will be profound.

The Payment Services Directive 2* or “Open Banking” compels banks to provide alternative lenders with access to individuals’ bank data with their permission. However, the biggest issue is public awareness. In the UK, only 25% of consumers had heard of “Open Banking,” and, of those, only 20% knew what it meant. (FT Money, January 2019)

EuroOne uses technology and big data to understand our customers’ communities, wants, needs and challenges to deliver personalized products, services and experiences. Each customer receives tailored products and credit limits that reflect their credit history and current circumstances.

The customer experience is simple, user-friendly and fast to promote the acquisition and retention of customers. Our customers are given control and transparency to build customer loyalty.

*The Payments Services Directive 2 is an EU Directive administered by the European Commission to regulate payment services and payment service providers throughout the European Union and European Economic Area.