UK banking group NatWest recently announced it has enhanced credit scoring, in partnership with TransUnion. NatWest revealed it has integrated further data, using TransUnion’s Consumer Credit Platform, to its banking app, to help enable its customers to become more financially capable.
“Customers using the service have unlimited free access to their TransUnion credit score, via an interactive dashboard, helping them better understand and monitor their credit score. With the addition of credit score factors, customers will now see what information is affecting their score, either positively or negatively, providing additional insights into their financial status.”
Phil Sheehy, Short Term Borrowing Customer Goal Lead at NatWest, spoke about the enhancements by stating:
“When we introduced the credit score feature into our app, the positive response was overwhelming – with our target annual registrations exceeded in just two months. We’re proud to be offering greater personalisation, using TransUnion data to give our customers insights into what they are doing well and what steps they could take to improve their credit score.”
NatWest then added with the COVID-19 pandemic and the many financial challenges consumers are facing, it’s essential that people are familiar with what influences their credit score, and have access to the tools they need to take control of their finances