Capital gains as Clearscore unveils jobs
Credit score specialist The Clearscore Group has announced major investment in Edinburgh, creating 100-plus jobs and a key new hub, as well as snapping up fintech Money Dashboard that is based in the city.
The group – which owns Clearscore, which it says it is the UK’S leading credit marketplace – has revealed that it is building an Open Banking centre of excellence in Edinburgh and will over the next few years create the 100-plus jobs, including developers, data engineers, data scientists and product and design professionals.
It added that this follows it becoming one the largest enablers of Open Banking in the UK in just six months. It is partnering with more than ten lenders to allow users, with their permission, to share their bank account data with them to get better rates on credit cards and loans.
The group has also revealed its purchase of budgeting and businessto-business data firm Money Dashboard, saying the deal, which completed earlier this year, marks an important step as it “continues to execute on its growth strategy in its existing markets, driving further international expansion and product diversification”.
It also said it provides a foothold into the “exciting and rapidly growing” alternative data space, and helps it innovate and broaden its services.
The Clearscore Group chief executive and cofounder Justin Basini said: “The tremendous growth we have seen in consumers securelysharingtheirbanking data to simplify their personal finances shows clearlythatopenbankingis movingtothemainstream.”