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.DirectID is leveraging Open Finance and bank statement data to help lenders understand their customers throughout the credit risk lifecycle, and they’re hiring - so if you want to learn more about the product offering, head on over to www.direct.id or if you want to help build those products, it’s www.direct.id/company/careersYou can learn more about myself, Brendan le Grange, on my LinkedIn page (feel free to connect), while you can find my action-adventure novels on Amazon, some versions even for free.If you have any feedback, questions, or if you would like to participate in the show, please feel free to reach out to me via the contact page on this site.Keep well,Brendan  Our GDPR privacy policy was updated on August 8, 2022. Visit acast.com/privacy for more information.