What is Open Banking?
If you have your online banking set-up you’ll be able to share your account directly with Salad Money’s Artificial Intelligence driven system. This protects your data and enables Salad Money to make an assessment of your ability to afford the loan that you are applying for.
Open Banking is a new service but it is completely in your control. It is your choice to use services made available by Open Banking such as our lending product, by sharing your data you allow Salad Money to assess you fairly without editing your bank details, transactions and without impacting your credit score in any way. This is the beauty of Open Banking.
Whenever you agree to share your data using Open Banking it will only ever be the data you agree to and you can cancel that at any time.