Hi Monzo Team,
I’m Head of Development at a fellow fintech which provides point-of-sale loans to people with thin credit files (feel free to look me up on Linkedin adamprescott01).
Our ground-breaking decision engine takes various factors into account from Open Banking and Credit Reference Agencies to allow people to obtain credit who would otherwise be denied.
Currently we can’t underwrite loans for Monzo customers because Monzo aren’t contributors to Vocalink or Equifax leaving us unable to automate some of our check. Monzo isn’t the only challenger bank we’ve seen with this issue, included in this is also Starling and Revolut.
I’ve gone full Monzo myself and I love the service, so I’d love to see Monzo supporting these Credit Reference Agency feeds, and at the very least adding Vocalink, I hope this is something you can get in the pipeline soon
Feel to message me directly if you would like more details.