Experian automated income verification expands to half of UK

Experian’s automated employment and income verification services will now cover 50 per cent of UK employees.

The consumer credit reporting business said that the expansion will help broaden UK employees’ access to better financial products and services.

The company's technology automates sharing payroll and employment info with lenders and acts as an alternative for verifying this information when applying for a number of financial services, including mortgages.

It also enables employees to digitally share their payroll information directly from their employer to a bank or other financial service provider.

“People already share their personal financial information to access services digitally – whether that’s applying for a mortgage, starting a new job or renting a property,” said Paul Speirs, managing director of digital consumer information at Experian. “By drawing on the use of payroll data quickly and securely, with consumer consent, we can provide access to better value services and help people make better financial decisions."

    Share Story:

Recent Stories


New Business Frontiers
FStech’s Mark Evans discusses the future of financial services with Liu Jianning of Huawei, covering the limitations that current thinking can impose, how financial institutions can embrace technology to be both agile and resilient, and making space for the organisation to focus on the job of creating innovative business models and on delivering business value for their customers.

The Future of Intelligent Finance
FStech Group Editor Mark Evans sits down with Jason Cao, President of Global Financial Services Business Unit, Enterprise BG at Huawei ahead of its Intelligent Finance Summit which was held on 3rd and 4th of June in Shanghai. This Q&A delves into key trends in digital transformation of the financial services industry as well as a look at how data, robotic infrastructure, intelligent storage and innovative technologies are shaping the future for FSIs.

Cracking down on fraud
In this webinar a panel of expert speakers explored the ways in which high-volume PSPs and FinTechs are preventing fraud while providing a seamless customer experience.