Open Banking

What is open banking?

Open banking is a secure and safe way of sharing financial information such as bank account balances and transaction history.

It was launched by the European Union (PSD2) to give consumers more control over sharing their financial information and data.

Open banking and CRIF follow strict rules and stringent standards to keep your data secure.

How does it work?

When you apply for a loan with us, you will be given the option to share your account data with Tipperary Credit Union using CRIF. This means you are giving Tipperary Credit Union access to your latest bank statements. You do not have to contact your bank and request a statement and then wait for it to be delivered. This is a much more secure way of sharing your financial details with your Tipperary Credit Union when applying for a loan.

The process of sharing your information through CRIF takes just a few simple steps as shown below. CRIF will never ask for additional security information. It will only ask you to sign into your online banking.