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How it's protected
A responsible lender handles your financial data under UK data-protection law: it's encrypted, access is restricted, and it's used only for the purpose you agreed — assessing and servicing your borrowing. Open-banking access is read-only and revocable, so you keep control of what a lender can see and for how long.
What to check
Look for a clear privacy policy, a stated lawful basis for using your data, and the ability to withdraw open-banking consent. You have rights to see what's held and to have errors corrected. A lender that's open about how it protects and uses your data is showing the same transparency that marks a trustworthy lender. See how Credicorp protects your data.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Can I stop a lender accessing my bank data?
Yes. Open-banking access is granted by you, time-limited and revocable — you can withdraw consent through your bank at any time. The access is also read-only, so it can never be used to move your money.
What rights do I have over my business data?
Under UK data-protection law you can ask what data a lender holds, have inaccuracies corrected, and understand how it's used. A responsible lender will set this out clearly in its privacy policy and honour those rights.
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