8 out of 10 applicants share their bank data to get better terms

PRESS RELEASE

8 out of 10 applicants share their bank data to get better terms

ubimia®'s Open Banking assessment processes record consent rates of between 80% and 90%

Madrid, 26 August 2026 - Sharing bank information with a financial institution still raises a degree of mistrust, and for many consumers the first reaction is still wariness. But when that step can help them get a faster answer or better terms on a loan, most are willing to take it.

Data from ubimia®, a Spanish multinational specialising in credit risk management solutions, confirms it: at the financial institutions that use its Open Banking-based assessment processes, between 80% and 90% of applicants authorise temporary access to their bank data while a financing transaction is being analysed.

"This isn't a one-off result. We see it consistently across different types of institutions and products. The problem isn't usually sharing the data, it's not understanding why it's being requested", says Agustín Rodríguez, CEO of ubimia®.

One of users' main concerns has to do with security. However, Open Banking does not involve sharing online banking login details. It is a system regulated by the European PSD2 directive that allows customers to authorise, for a limited time, access to certain bank information. When the process is clear and customers understand what they are authorising, trust grows and consent stops being seen as a risk.

For ubimia®, the other decisive factor is that users see a clear benefit. If they know that sharing this information can mean a faster answer or better financing terms, consent stops being seen as an obstacle.

"It's similar to what already happens with loyalty cards. People share their data when they see a clear benefit. Exactly the same thing happens with access to credit", notes Rodríguez.

For financial institutions, this information provides a fuller picture of the applicant. It goes beyond the socio-professional profile obtained in traditional lending processes through documents such as payslips, and also sheds light on aspects such as income stability, regular expenses and real saving capacity.

"It will become increasingly common for customers to authorise this access. The difference will no longer lie in having the data, but in turning that information into better risk decisions", concludes Rodríguez.

About ubimia®: is a multinational company specialising in technology, data and artificial intelligence solutions for end-to-end credit lifecycle management. With a presence in 26 countries and more than 560 professionals, it combines software, advanced analytics and automation to make credit processes more efficient for companies across a wide range of sectors.

Further information and interview requests:

Ana Salvá I [email protected]