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OpenWrks

openwrks.comWestern Europe
openwrks.com
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About

Credit decisions have historically been made on backward-looking data — credit files that reflect what happened years ago rather than what a person's financial life looks like today. OpenWrks was founded in London in 2017 to change that with open banking data. Its platform uses transaction data from bank accounts to generate real-time financial insights — income verification, affordability assessments, and cash flow analytics — that lenders, debt advisors, and financial services companies can use to make better decisions about the people they serve. The focus on affordability and debt support is deliberate — OpenWrks has built particular depth in the debt advice sector, providing tools that help debt charities and money guidance services understand their clients' financial situations with precision and speed that paper-based assessments cannot match. Its work with the Money and Pensions Service and other UK debt support organisations reflects a commitment to using open banking data for financial inclusion rather than purely commercial lending optimisation. In the open banking ecosystem, where most data applications focus on acquisition and credit origination, OpenWrks' orientation toward debt support and financial wellbeing is a distinctive positioning that has built genuine trust with the organisations that serve financially vulnerable people.

Categories
Open BankingRegTech
Subcategories
Data APIsAccount aggregationData enrichment
Services & products
account aggregationdata enrichmentcredit scoring
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Quick facts
Founded
2017
Founders
Nick Cabrera
Employees
50-200
Users
Business model
B2B
Target customers
Financial institutionsEnterprises
Notable clients
Money and Pensions Service
Geographic focus
Western Europe
Last updated
Updated today