No one will give you a job until you have work experience. No one will extend you credit until you have a credit history. Two absurdities that have existed long enough to become absolute cliches, and yet they somehow persist. And more than that, they’re two hurdles that are easier to overcome if you come from money – maybe you’ve got an aunt who could have a word with the bank’s CEO…

Well, that’s actually changing now.

We’ve spoken about Open Banking before, quite recently actually, but in today’s discussion with James Varga of DirectID we really zoom into the impact that analysis all financial data – debit, credit, and otherwise – can have on expanding access to credit, and how it can remove the need for the self-sabotaging credit score management tactics of old.

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