UK, 10 February 2020: Monzo has announced it is to start reporting information to Experian, the world’s leading information services company. The partnership will see Monzo sharing current account and loan data with Experian for the first time.
Experian has continued to expand its credit information bureau by adding new and relevant financial information into the equation, so that clients get the broadest view of financial behaviour available. This ensures that their clients can deliver better, more affordable outcomes for consumers.
These improvements will mean that other lenders can get a better picture of Monzo customers who are looking to access affordable finance from other financial providers.
Tom Blacksell, Managing Director, Experian UK&I, said: “Monzo is one of the real success stories in UK financial services and we’re delighted to be working with them. We are committed to continuously developing our credit information services portfolio, ensuring that we can support our customers to make more informed decision by providing the most relevant information available.
“Experian’s combination of data, technology and analytics helps businesses unlock insights and take decisive actions in the moments that matter. Bringing unique scale, speed and intelligence that deliver the best results for both businesses and their customers.”
Customers will see Monzo information appear on their Experian credit reports in the coming months. Founded in 2016, app-based Monzo has been at the forefront of the UK’s digital banking revolution. It offers current and savings accounts, loans and real-time spending notifications to help customers manage their money.
-ENDS-
Media contact
Weber Shandwick for Experian
Tel: 020 7861 0762 / Email: experian@webershandwick.com
About Experian
Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.
We have 17,200 people operating across 44 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.
Learn more at www.experianplc.com visit our global content hub at our global news blog for the latest news and insights from the Group.