Subaio chooses Aiia to automate creditworthiness assessment
Subaio has partnered with Aiia, a Mastercard company, to develop an automated creditworthiness assessment solution powered by open banking technology. The partnership combines Aiia’s financial data access capabilities with Subaio’s transaction intelligence to help lenders make better, faster credit decisions.
The partnership
The collaboration brings together two complementary strengths:
- Aiia provides secure access to bank account data across 2,900+ connected European banks through its open banking platform
- Subaio delivers advanced transaction analysis and recurring payment detection with 98.7% accuracy
Together, these capabilities enable a whitelabel credit assessment solution that financial institutions can deploy to evaluate consumer creditworthiness more efficiently.
“We need solid quality of data as possible to label transactions and categorise them. That’s why we chose Aiia.”
— Thomas Laursen, CEO, Subaio
How it works
The solution automates what has traditionally been a manual, time-consuming process:
- Data access, with customer consent, Aiia retrieves transaction data from their bank accounts
- Transaction analysis, Subaio’s technology categorizes transactions and identifies recurring payments
- Financial overview, the system generates a comprehensive picture of income, expenses, and commitments
- Credit assessment, lenders receive accurate, detailed information to support lending decisions
Benefits for lenders
The automated approach delivers significant advantages:
- Reduced manual work, automates traditionally manual credit scoring processes
- Lower error rates, eliminates human error in data gathering and categorization
- Operational efficiency, reduces costs associated with manual review
- Regulatory compliance, supports compliance with the EU’s revised Consumer Credit Directive
“This open banking empowerment will grant borrowers better loan assessments based on accurate overview of their financial situation.”
— Tanya Slavova, SMB & Fintech Director, Aiia
About the partners
Subaio analyzes 1.5 billion daily transactions with 98.7% accuracy. Founded in 2016, the company has grown to 50+ employees and serves leading banks including Nordea, Lunar, and ABN AMRO.
Aiia is a European open banking platform acquired by Mastercard. The company processes over 10 million monthly bank logins and 1 million account-to-account payments, connecting to 2,900+ European banks.
Looking ahead
The partnership reflects the growing importance of open banking in credit decisioning. As regulatory requirements increase and lenders seek more accurate assessment methods, solutions that combine real transaction data with intelligent analysis become essential.
For more information about Subaio’s credit assessment solutions, contact our team or request a demo.
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