The ID Co.

The ID Co.helps businesses like lenders to onboard their customers by removing friction caused during the application process by the current challenges of risk, compliance, fraud, and regulation. A global Scotland-based Fintech, The ID Co. has been pioneering the use of bank data and Open Banking since 2011.

Company Announcements

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The ID Co. Nominated as Award Finalists

21st November 2019

The ID Co. has today announced it has been nominated as a finalist in the Financial Data & Technology Association (FDATA) Awards 2019. The ID Co. helps businesses such as lenders to onboard their customers more efficiently. Its technology removes the friction caused during application processes by the current challenges of risk, fraud,...
Upcoming Webinar: A Case Study Of Open Banking In HCST Lending - 13th November 2pm GMT
Upcoming Webinar: A Case Study Of Open Banking In HCST Lending - 13th November 2pm GMT

4th November 2019

High-cost short-term lenders face strict requirements to show that they have acted in the best interest of consumers that are applying for loans. However, the over reliance on Credit Reference Agencies (CRA's) has created severe challenges for lenders such as credit score calculations that encourage debt, inaccurate and outdated credit data,...
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The ID Co. Hosts London and Edinburgh Networking Events in September

30th August 2019

The ID Co. are proud to present two exceptional events the evening of 13th in Edinburgh and 23rd in London. We would love it if you could join us! We have been helping people leveraging the identity and data that people have with their bank accounts to make their lives easier for a long time now. We started using bank data well before Open...
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The ID Co. Nominated In Double Award Wins

15th August 2019

The ID Co. has today announced it has been nominated as a finalist in the Credit & Collections Technology Awards 2019. Separately, The ID Co’s. CEO and Founder, James Varga, has been nominated as a finalist in the inaugural Scottish Financial Technology Awards for Evangelist of the year. The ID Co. helps businesses such as lenders...
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The ID Co. Joins North American Technology Association Group

4th July 2019

Global FinTech, The ID Co., has today announced it has joined the North American wing of the Financial Data & Technology Association (FDATA). The ID Co. were one of the founding members of the UK association. FDATA North America describes its members as providing “innovative financial applications and services to empower customers to...
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The ID Co. Join New FinTech Grouping To Promote Collaboration

25th June 2019

The ID Co. are delighted to have joined a new partnership grouping designed to promote FinTech within the UK. The FinTech Alliance has been designed in collaboration with the UK Government that brings together FinTech companies to explore, engage and do business. They state: “This will be the first ever community driven platform for...
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Financial Data Exchange Adds 11 New Members Including The ID Co.

31st May 2019

The Financial Data Exchange added 11 new members between February 1 and April 30, 2019, bringing the total membership to 47 organisations spanning the full breadth of the financial services ecosystem, from financial institutions to data aggregators, and banking core processors to fintechs. FDX is leading an industry wide commitment to enhance...
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The ID Co. Secures Seed Funding for International Growth

16th May 2019

Edinburgh, Scotland – Global fintech, The ID Co., has today announced it has received $2m seed funding from global technology investor Amadeus Capital Partners, SixThirty and other investors. The ID Co. helps businesses such as lenders to onboard their customers more efficiently. Its technology removes the friction caused during...