Instant Access to Open Banking-Exclusively for Credit Unions

Engage are excited to announce the forthcoming launch of our Credit Union Open Banking Solution in early January.

If your Credit Union is looking to maximise loan conversions whilst minimising your risk of defaults, now is the perfect time to incorporate open banking. Engage is currently providing the solution at a fraction of the cost of other providers and with no setup costs. 

The Engage open banking solution provides your Credit Union and members with a wealth of benefits:

For Credit Unions:

  • Accelerate loan applications and maximise conversions.
  • Make better loan decisions with comprehensive real-time financial data and powerful affordability checks.
  • Significantly reduce risk and combat fraud.
  • Receive intelligent alerts to help eliminate loan defaults and potential fraud.
  • Seamless and secure – reduce admin duties and eliminate manual processes.
  • Boost member loyalty and improve the Credit Union experience with real-time deposits/withdrawals/loan payments via mobile app.
  • Biometric ID verification integrated within your mobile app for quick, convenient onboarding and applications.

For Members:

  • Make instant deposit payments or top-ups into any credit union account via their Credit Union app without the need to visit the branch.
  • Repay loans in part or full direct from an external bank account or Engage Account.
  • Connect the Credit Union app to any bank for real-time personal account information and better money management.
  • Financial resilience tool – receive warnings and notifications when paying more than the regional average on household bills and other essentials

To register your interest and to receive a full proposal and fee information, contact our Partner Development Manager, Matt Weaver using the details below.
Email: matt.weaver@engageaccount.com
Phone:+44 (0)79 2317 2271 

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