Open Banking

CLEVR Money has partnered with Perfect Data Solutions Ltd (trading as Lending Metrics) to provide access to an Open Banking platform.


When processing a loan application, we are required to perform affordability checks and eligibility checks. In order to perform these checks, we require that members submit their bank statement, either electronically or by sending a paper statement to us.

We appreciate that this can be time consuming for some of our members, especially those who hold multiple bank accounts. Our Open Banking platform allows you to consent to us reviewing your transactional data easily, quickly and securely via a computer or mobile phone.

You must be registered for online banking with your main current account to use this platform.

The Open Banking platform is powered by oohMoolah, a trading name of Perfect Data Solutions Ltd, who are authorised and regulated by the Financial Conduct Authority (Registration No.730062).

After you have submitted a loan application, we may email you a link to invite you to use Open Banking.

Your data will only be used for the purposes outline in our Privacy Policy.

oohMoolah will use your data for the purposes outlined in their Privacy Policy



Do I have to provide consent? You are under no obligation to provide us with consent via Open Banking, but we will still require sight of your Transaction Data through other means (e.g. PDF downloads of your statements from your bank or printed paper statements) which will be stored, used and processed in accordance with this policy. Failure to provide the requested information will lead to your loan being refused.

Is my data safe? Your data will be handled in accordance with GDPR regulations and our Privacy Policy.

PDS are registered under the Open Banking Directory as an account information service provider and are also regulated by the Financial Conduct Authority as a payment services firm under number 802599.  Any data you submit via the Portal will be encrypted and its usage tracked as part of set Open Banking data security standards.

We are responsible for the secure transmission of any Shared Personal Data to PDS, for safely directing you to the Portal and for the safe receipt and usage of your Transaction Information.

You will not be required to share your banking password or log in details with either us or PDS.  Once you have given your explicit consent to share your bank account information on the Portal you will be directed to your own bank or building society’s login page where you will enter in your own login details directly.

Save as set out above or elsewhere in this Privacy Policy, we are not responsible for your direct data transmissions with PDS or with your own bank or building society.

What is oohMoolah? oohMoolah is a brand name for our Open Banking partner, Perfect Data Solutions Ltd (PDS) who are an FCA authorised and regulated company.

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