Payl8r, an award-winning retail finance provider, has selected AperiData as its Open Banking and data intelligence partner to enhance affordability assessments, strengthen its risk framework, and support its ongoing compliance as a fully-FCA-regulated lender.
With Consumer Duty now driving higher standards for data accuracy, customer outcomes, and governance, Payl8r sought a solution that could streamline the digital journey, replacing manual processes and self-declared data with automated, actionable insights.
Elevating Credit Decisioning with AperiData
Payl8r chose AperiData for its credit-focused categorisation engine, risk-specific insights, and unique dual-authorisation model (CRA + AISP). This dual-authorisation approach ensures that data is trusted, compliant with Consumer Duty, and supports evidence-based lending decisions.
Together, these capabilities deliver:
- Consistent, auditable outcomes
- Reduced manual intervention
- Confidence in both risk management and ongoing regulatory compliance
AperiData’s FCA-authorised data intelligence solution provides real-time, enriched transaction categorisation designed specifically for affordability, risk, and alignment with existing consumer credit requirements. The integration has enabled Payl8r to implement a fully automated, digital application journey without requiring document uploads or manual data handling.
Key Outcomes
- Time to decision reduced from hours to minutes, improving operational efficiency and customer experience
- Acceptance rates increased by +90% for Open Banking applicants.
- Improved data accuracy, reducing reliance on customer-declared information and manual checks
- Enhanced customer experience, delivering a faster, friction-free journey with consistent, explainable outcomes
Supporting Consumer Duty & Regulatory Compliance
AperiData’s solution ensures all Open Banking data is sourced, processed, and governed in line with regulatory expectations, supporting Payl8r’s established regulatory framework, and delivering:
- Strong governance and audit controls
- Improved fair value and Consumer Duty reporting
- Evidence-based lending decisions using high-quality, categorised data
- A solution aligned with the existing FCA consumer credit requirements
Client Testimonial
“AperiData has reduced our time to decision from hours to minutes and enabled a fully automated Open Banking journey. In our second month of use, acceptance rates increased by 90%. The improved data accuracy gives us greater confidence in meeting our Consumer Duty obligations and strengthens our already robust regulatory and risk management framework.
— Payl8r
About Payl8r
Payl8r is an award-winning retail finance provider delivering responsible, flexible credit solutions across the UK. Fully FCA-regulated, the company is committed to transparent lending, improved customer outcomes, and continued innovation in consumer finance.
Learn more about how AperiData helps firms strengthen their Open Banking data quality and assurance.
