Open Banking for Lending: Best Aggregators (2026)

Lenders use open banking to verify income and affordability directly from a borrower’s bank, using consented account information (AIS) instead of uploaded statements. The transaction feed is categorised to assess income stability, existing commitments, and returned-payment risk, and pay-by-bank (PIS) can handle disbursement and repayments. This shortens applications and reduces fraud versus document-based checks.

For lending, prioritise providers with strong account-information (AIS) coverage in your markets plus a native income/verification product. Plaid, TrueLayer, Tink, and Yapily all offer AIS and verification across the UK and EU; the right choice depends on which markets and banks you need and whether you want income verification built-in or computed from the raw feed. Validate your target banks in each provider’s sandbox.

To access bank data directly you need AISP authorisation (and PISP for payments). Most lenders instead integrate an aggregator that already holds FCA / PSD2 licences and operate under its permissions, which avoids holding your own licence at early stages. Confirm the regulatory model with the provider.

Open banking income verification reads actual credited transactions from the bank, so it is generally more reliable than self-reported figures or document uploads, which can be edited. Accuracy still depends on connection coverage for the borrower’s bank and how income streams are categorised, so treat it as a strong signal validated against your own policy rules.