Credit scoring and digital transformation specialist CRIF has launched a new suite solutions, powered by open banking, for the insurance sector. The products assess customer creditworthiness and their ability to pay monthly premiums.

Sara Costantini (pictured), regional director for the UK & Ireland at CRIF said: “We see open banking as natural progression when it comes to the development of the industry. Open banking technology has the potential to bring many benefits to insurers, not least helping those who embrace these innovations to stay ahead of the curve and offer a better service to customers than their competitors.

“Our open banking solutions empower insurers to harness new data sources and deliver seamless customer experiences, and we do this without compromising on security, compliance or the ability to collect, handle, or process customer data.”

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