Open Banking is a financial practice that enables the secure sharing of your financial information such as bank account balances and transaction history.

Open Banking is a secure way of sharing financial information with other financial providers. It came into place in the European Union in 2018 to give consumers more control over their financial information. If you give your credit union open banking access, you can control what information you give and for how long.

CRIF is an ‘Account Information Service Provider’ (AISP). An authorised AISP can ask for permission to access bank account data and use information to provide a service. In this case the service would be to verify your income details and recent transactional data. CRIF is authorised by the Central Bank of Ireland and licenced to operate in the Republic of Ireland.

Inspire Credit Union securely receives your bank statements, eliminating the need for printing or sending physical statements. Share your statements with us effortlessly in just a few clicks, ensuring a faster turnaround time, as we gain instant access to the necessary information.

Yes, your financial information is kept secure. Open Banking adheres to strict security standards and regulations to protect your data. You can also revoke access at any time.

This service is optional. The decision is in your hands, yet opting in for Open Banking will improve both your overall experience and the processing time of your application.