2 min read
What open banking does
With your permission, open banking gives the lender a read-only view of your business bank activity. Instead of waiting on documents, it sees real, verified cash flow — money in, invoices paid, patterns of spend.
Why it helps you
It speeds decisions and can help newer companies whose filed accounts are limited, because the lender assesses actual cash flow rather than a stale annual snapshot. See finance without filed accounts.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Is open banking safe for a loan application?
It is a regulated, permission-based way to share read-only bank data. You control the access and can revoke it. It cannot move your money, only let the lender view activity.
Does open banking speed up a decision?
Yes. By verifying cash flow directly, it removes the wait on documents and lets a lender decide faster, which is especially useful for urgent or newer-company applications.
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How do lenders decide if I can afford a loan?
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Is Open Banking safe when applying for finance?
Yes — Open Banking is built to be safe, and it is regulated rather than a private arrangement. You authorise…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.