Before we provide services or financing to you, we undertake checks for the purposes of preventing fraud and money laundering, and to verify your identity. These checks require us to process personal data about you.
The personal data you have provided, we have collected from you, or we have received from third parties will be used to prevent fraud and money laundering, and the verify your identity.
We and fraud prevention agencies may also enable law enforcement agencies to access and use your personal data to detect, investigate and prevent crimes.
As part of processing of your personal data, decisions may be made by automated means. This means we may automatically decide that you pose a fraud or money laundering risk if our processing reveals your behaviour to be consistent with money laundering or known fraudulent conduct; or is inconsistent with your previous submissions; or you appear to have deliberately hidden your true identity. You have rights in relation to automated decision making: if you want to know more see the below section on profiling & automatic decision making.
If we or a fraud prevention agency, determine that you pose a fraud or money laundering risk, we may refuse to provide the services or financing you have requested, or may stop providing existing services to you. Other organisations may use the information we share with fraud prevention agencies to refuse their services, finance or employment.
Fraud agencies may allow the transfer of your personal data outside of the UK. This may be to a country where the UK Government has decided that your data will be protected to UK standards, but if the transfer if to another country, the fraud prevention agencies will ensure your data continues to be protected by ensuring appropriate safeguards are in place.
Further details of how your information will be used by us and these fraud prevention agencies, and your data protection rights, can be found in detail at the link below.
Cifas’ Fair Process
Our Open Banking provider is Experian who collects, with your explicit consent information from your bank or building society for the purpose of assessing your income and expenditure and performing credit risk decisions and anti-fraud assessments. This information is collected by Experian and submitted to us for review as part of the credit decisioning and affordability assessments. Further details of how Experian process your personal data for the purposes of Open Banking can be found in detail at the link below:
Experian Affordability Passport Privacy Notice