Blogs &amp; thought leadership for financial services

Q&A with Rob Knight: How banks navigate the complexities of portfolio management

Discover how banks are evolving portfolio management strategies with insights from Rob Knight, Atto's Chief Product and Technology Officer. Learn how data analytics, automation, and personalised solutions are shaping modern banking to better serve customers.

2024-11-19

Open banking's role in automotive financing

Learn how open banking transforms automotive financing with real-time data, improving risk assessment, speeding decisions, and enhancing customer experience.

2024-10-31

Why combine open banking and credit bureau data?

Combine open banking and credit bureau data for real-time insights, better credit risk assessment, and smarter lending. Learn why they work best together.

2024-10-16

The hidden costs of BNPL: can open banking save the day?

Find out how open banking can improve BNPL services with real-time financial insights, enabling more informed and responsible lending decisions.

2024-08-27

GDS Link and Atto partner to power instant credit decisions

Leveraging Atto's data and insights, GDS Link aims to streamline and improve instant, data-driven credit decisions for financial institutions worldwide, marking a new standard in accuracy and efficiency in financial services.

2024-07-22

Q&A - From credit invisible to credit worthy: the story of a CRO

Tatiana Sotnikova, Atto’s Product Manager, talks through her journey from being a Chief Risk Officer in Ukraine to facing credit challenges in the UK, sharing her path to rebuilding her creditworthiness.

2024-07-16

What can a rebrand teach us about innovation and success?

When it comes to rebranding, it is like a butterfly emerging from its chrysalis—a profound transformation that redefines a company's identity and outlook.

2024-06-12

Target Group joins forces with Atto to power its user-centric originations system

Target’s award-winning Mortgage Hub is now powered by Atto’s open banking solutions. Atto’s real-time banking information helps speed up mortgage originations process.

2024-05-30

From risk to reward: decoding affordability

Atto's Tatiana Sotnikova discusses the contemporary challenges facing underwriters, highlighting the potential of bank transaction data as a valuable supplement.

2023-11-02

Open banking's transatlantic journey

Big changes are on the horizon for banking systems in both Canada and the UK, as governments and industry players are exploring the potential of open banking in greater detail.

2024-05-21

Proving impecuniosity in minutes

Atto streamlines the process of proving impecuniosity in credit hire cases, reducing it from days to minutes using open banking.

2024-05-15

FICO World: Atto’s debut

As FICO World comes to a close, Team Atto reflects on our presence at the conference as official FICO partners.

2024-04-26

Why we're called Atto

The story of our name.

2024-04-22

FICO Partners with Atto to Build Predictive Models with Real-Time Transactional Data

Risk scores based on consumer-permissioned Open Banking data can enhance lenders’ risk management and improve customer service.

2024-04-09

The mortgage in minutes

In this article we talk about the strategic use of transactional data to take mortgage applications from days to minutes.

2024-04-03

DirectID becomes Atto: shaping the future of credit scoring

DirectID takes a significant step forward by introducing its new identity, Atto, signalling a decisive shift into the realm of credit scoring and predictive modelling.

2024-03-19

Navigating financial vulnerability: Atto & elanev's real-time approach

Atto & elanev offer a new approach to financial vulnerability assessment using open banking data.

2024-03-18

90-day reconfirmation: giving lenders ongoing access to the data they need

Discover the benefits of the 90-day reconfirmation policy in open banking. Learn how it simplifies access to financial data, enhances credit risk decisions, and benefits both consumers and lenders.

2023-10-19

What is open banking? The comprehensive guide

Open banking is a secure technology, for a consumer or SME to safely share specific bank account information with an authorised third party.

2023-10-05

Managing your portfolio with categorised open banking data

Atto’s Chief Commercial Officer, Clare McCaffery, explores how portfolio managers can use categorised bank transactions to better identify and prevent emerging financial distress in consumers.

2023-01-04

Atto and LendInvest Collaborate to Streamline Credit Decisions in the Property Finance Market

Atto partners with LendInvest for efficient property finance lending. Open banking data enhances credit decisions, accelerating processes.

2023-08-16

Atto Appoints New CEO to Lead Next Stage of Growth

Atto appoints Chris Mills as CEO, succeeding founder James Varga. With vast experience in startups, Chris will lead the next phase of growth.

2023-07-27

Modelling, scoring & decisioning: here’s why lenders need alternative data

Portfolio management has played a crucial role in every successful financial organisation throughout history. But, gone are the days of relying on outdated and limited datasets for credit scoring. Today's world requires something more.

2023-06-15

Atto and Zinia AI Unite to drive hyper-personalisation and assist with regulatory compliance in lending

With Atto's open banking service that provides lenders with direct access to real-time financial data and Zinia AI's advanced decisioning algorithms, lenders can automate, streamline and embed hyper-personalised journeys within the lending process creating great customer outcomes that retain customers.

2023-06-15

Open banking in the fast lane: the insights from Money2020 Europe

As the dust settles from the whirlwind that was Money2020 Europe, we at Atto are taking a moment to reflect on the most impactful interactions, the newest developments & breakthroughs, and crucial insights gathered from another major event.

2023-06-16

Atto and Smoothpay partner to provide a stable income to freelance earners

Atto, the global credit & risk platform, have announced a partnership with Smoothpay, the fintech startup that transforms irregular income into a stable pay check. Smoothpay will use Atto’s open banking platform to help provide a stable monthly income to freelancers, contractors, and small business owners.

2023-05-10

Atto and Faciit partner to help people with new-to-country status access credit

Atto, the global credit & risk platform for risk managers, has announced a partnership with Faciit, an alternative lending solution for individuals without a UK credit history. This partnership leverages Atto's open banking insights to help people with new-to-country status access affordable credit.

2023-04-19

Ingka Investments makes EUR 9m investment in Atto

February 22, 2023, Edinburgh, United Kingdom - Atto, a UK-based, global fintech specializing in credit risk, risk analytics and predictive modelling, using bank transaction data, today announced that Ingka Investments, the investments arm of Ingka Group, has made a EUR 9m minority investment in the company.

2023-02-22

Bank transaction categorisation: keeping up with the ever-moving goalposts

Atto's Senior Data Scientist, Andy Spence, delves into the winding world of bank transaction categorisation and explains how we keep up with the ever-moving goalposts.

2023-02-03

On demand | The future of account verification: In conversation with Atto & Shieldpay

Join the Founders of Atto & Shieldpay for a conversation on account verification and open banking on Wednesday 26th October.

Consumer Duty: Getting into the customer's shoes

James Syron, Atto's Partner Manager, references the FCA's Consumer Duty when outlining why financial services needs to get into the customer's shoes.

Got Capital adopts open banking To digitise SME funding process

Atto, a global credit risk platform, and Got Capital, a UK based small business capital provider, have today announced a new partnership to digitise the application process for business financing.

2022-10-06

On demand | Alternative credit data for better customer outcomes

Join the webinar to discuss and explore the alternative data that lenders need to produce better customer outcomes.

Seven things I've learned building one of Scotland’s most flexible workplaces

Atto's Head of Employee Experience, Karen Henderson, explains how flexibility can be your company’s superpower.

Mansfield Building Society simplifies application process with Atto

Mansfield Building Society has launched with open banking platform Atto to make it easier for mortgage applicants to provide their bank statements online.

2022-11-28

Atto soars to the top of the credit & risk space, unveiling a slick new visual identity

Atto launched a new website, branding and messaging to support status as the leading open banking provider to the credit & risk space.

Atto announce partnership with UK payments leader Shieldpay

Shieldpay and Atto have announced a partnership to use Atto’s Connect widget in Shieldpay's payments engine.

Frictionless Finance Report - Thursday 24th June

This month we examine the use case for Open Banking in the gaming sector and the potential for a digital coin from the Bank of England.

What lenders should be paying attention to in 2022

James Varga contributed to Trade Ledger's 'Business Finance Predictions 2022' report. His message? Open Banking is going mainstream, get on board.

Atto backs calls for government support in the growth of Fintech

Atto CEO is among 70 Fintech leaders to co-sign an open letter on the one year anniversary of the Kalifa Review.

Atto bolsters commercial team with key industry hires

Atto announces seven new hires to their commercial team as they eye expansion into new markets.

A better way to identify vulnerable utilities customers

As the energy crisis escalates, open banking could be the key to proactively assessing and managing financial vulnerability.

Atto raises $3m in bridge round to expand credit and risk platform

Atto has kicked off a new funding series, recently completing a $3 million bridge round led by Hong Kong based venture capital firm QBN Capital.

Atto hires first Chief Commercial Officer in global growth push

Clare McCaffery joins the Atto Clan as CCO, bringing 20+ years of commercial strategy experience across data analytics and credit risk, to accelerate the company's global growth ambitions.

Transforming the collections process for utilities providers

Collections is unappealing for collections agents and for customers. Atto spoke to some of the leading companies in the field about key problems.

Atto announces open banking sandboxing

Atto, a global credit risk platform, announced today that it has partnered with Mockbank, a FinTech providing sandboxing and testing functionality for Open Banking connections.

FinTech partnership brings open banking to credit unions

Atto and Constant Partner to enhance digital loan servicing for banks and credit unions with open banking.

FinTechs join forces to combat climate change

Doconomy and Atto will work to bring climate functionality to a wider audience verifying the development of tools that enhance environmental considerations.

Frictionless Finance Report - Wednesday 19th May

We examine how Open Banking and digital transformation can help the UK to recover from the pandemic, and whether Canada needs to step up its Open Banking game.

Atto sign PayShield as a customer

Atto have signed PayShield as a customer, using Atto's account verification service to reduce fraud and ensure accuracy in their transactions.

4 security considerations for online store payments

In this post, we look at four security considerations that must guide the development of an online store if a suitable level of quality is to be achieved.

Frictionless Finance Report - Thursday 22nd April

This month we examine a new consultation on Open Finance and ask what impact this will have on the future of money.

Atto are a British Data Awards 2021 finalist

Atto shortlisted as a finalist at the British Data Awards 2021 for Analytics Company of the Year.

Atto sign AX as a customer

Atto have signed AX as a customer. AX will use Atto's affordability assessments to better understand their customers.

Redefining credit risk for a global audience

Open Banking has come a great distance and Open Finance is now on the horizon. Atto's James Varga examines how Atto impacts within these parameters.

Atto sign Exclusive Law as a customer

Atto have signed Exclusive Law as a customer to help them calculate their customers affordability.

Frictionless Finance Report - Thursday 18th March

This month we examine industry’s response to the Kalifa review on FinTech and the consultation on a new replacement body for the OBIE.

Atto inputs into new FinTech report

Atto has welcomed the new report into UK FinTech authored by Ron Kalifa, and with a contribution from Atto's James Varga.

Frictionless Finance Report - Wednesday 17th February

This month we examine the impact Open Banking is having on payments, the launch of Open Banking in Brazil and the never-ending rise in the price of Bitcoin.

Excluded, distressed & underbanked: Tier 1's, it's time to evolve

Just as the FCA have over the last 6 months, FI's must also evolve their thinking around customer vulnerability. Their profits depend on it.

Frictionless Finance Report - Thursday 21st January 2021

This month we celebrate Open Banking’s third birthday in the UK, the evolution of payments in Open Banking, and the impact of Covid on consumer’s money.

Atto join the FCA’s 2020 Digital Sandbox to combat vulnerability

Atto have been shortlisted as one of 30 companies to join the FCA 2020 Digital Sandbox pilot.

Frictionless Finance Report - Thursday 19th November

This month we examine whether there is sustained momentum for the move to Open Finance and progress on the CDR in Australia.

Trust Stamp and Atto empower consumers and organisations through secure, trusted open banking tools

Atto partner with Trust Stamp to offer customers unrivalled service using Open Banking solutions and biometrics.

Frictionless Finance Report - Thursday 22nd October

This month we examine the proliferation in Open Banking usage, the positive future for the FinTech sector and the progress of Open APIs in North America.

Atto nominated as award finalists

Atto have been nominated as finalists in the 2020 Credit Strategy Awards in the 'Excellence in Open Banking" category.

Frictionless Finance Report - Thursday 24th September

This month we examine the leaked documents from the US Financial Crimes Enforcement Network and how banks can capitalise on bank data.

Preventing a vulnerability crisis: a data-driven response

Referring to the FCA’s recent guidance consultation, we explore how FS firms can ensure that the UK’s vulnerable consumers are protected and supported.

Atto launch collections & recoveries solution

Atto launch Collections & Recoveries product to assist both collection’s agents and their customers.

Introducing Collections & Recoveries

Atto are delighted to launch our latest product offering, Collections & Recoveries; assisting collections' agents and consumers to repay credit.

Wielding the open banking sword in the time of Covid-19

The new C-Suite role has arrived; the Chief Coronavirus Officer (CCO), and she is driving digital transformation and Open Banking adoption at a faster rate than we have ever seen before.

Scotland’s FinTech Cluster – A Tech-Driven Revolution

Atto joins FinTech Scotland and BBC StoryWorks to tell the powerful story of the Scottish FinTech sector.

FinTech sector launches inclusion charter to address high levels of workplace harassment

Atto is delighted to be amongst the first signatories of the new FinTech For All Charter designed to challenge workplace bullying and harassment.

Frictionless Finance Report - Wednesday 19th August

We examine the intertwined relationship between the global pandemic, Open Banking, challenges faced by FinTech's and the response of the finance sector.

Frictionless Finance Report - Wednesday 22nd July

This month we examine whether all companies should consider becoming a FinTech, the race to digitalisation, and the launch of Open Banking in Australia.

Frictionless Finance Report - Thursday 25th June

We examine the future of the Open Banking Implementation Entity, news from across the globe and the continued impact of Coronavirus on the finance sector

Frictionless Finance Report - Wednesday 20th May

We examine banks beginning to embrace digitisation, how APIs are critical for this to happen, and the continuing evolution of the bank-FinTech relationship

Frictionless Finance Report - Wednesday April 22nd

In the Frictionless Finance Report we examine the difference FinTech is making in the coronavirus crisis and the impact of digital bank statements.

Frictionless Finance Report - Thursday 26th March

This month in the Frictionless Finance Report we examine the continued push towards a system of Open Finance, the impact on the financial system of a pandemic, and a big awards win for Atto.