Stryd and Experian to launch Open Banking powered loan-matching solution for brokers
Experian, a global data and technology company, has announced a new collaboration with Stryd, a fintech platform focused on home loans, providing real-time transaction data and product insights to the Australian mortgage market.
Today, brokers are able to access an up-to-date and accurate view of a customer’s financial situation from Experian through the recently acquired and well-established Bankstatements.com solution, plus a comprehensive repository of bank loan product information from Stryd. Borrowers can enjoy a more personalised and confident experience, without the hassle of self-reporting, and in the near future, Experian intends to offer access to transaction data through the illion, an Experian company, Open Banking platform, further enhancing the customer experience.
Open Banking is part of Australia’s Consumer Data Right (CDR) and allows consumers to consent to sharing their bank data with control and convenience. The regime also requires banks to disclose enterprise-level Product Reference Data (PRD) to facilitate comparison and choice.
The collaboration is bringing together Experian’s affordability and behavioural data with Stryd’s PRD-enabled product pricing and risk engine, allowing brokers to better match clients to suitable loans, and maintain client engagement throughout the loan lifecycle.
“This collaboration will help brokers act in their customers’ best interests – from first application as well as automatically monitoring for refinancing triggers in later years,” said Simone Jemmett (pictured left), Managing Director, Open Data Solutions, A/NZ at Experian.
Brokers originate 77% of home loans in Australia, yet many lose visibility of customer data once a loan settles. This limits brokers’ ability to re-engage proactively or support better long-term outcomes for their clients.
“At a time when affordability is under pressure, brokers need to do more than originate loans — they need tools to retain and support customers long after settlement,” said Ruth Hatherley (pictured right), Founder and CEO of Stryd. “Together, Experian and Stryd hope to give brokers that edge — more transparency, more intelligence, and more value across the full customer journey.”
Stryd has established itself as an expert provider of mortgage product information to the Australian lending market via its Stryd Product Repository that currently catalogues 2,000 home loan products from 85 bank brands.
“More than 25% of brokers are using open banking to originate loans and maximise trail book retention and an additional 34% of brokers plan to implement it in the near future,” said Hatherley. “The combination of Experian’s consumer credit insights with Stryd’s loan product data, can offer brokers event-driven alerts and real-time customer insights, and may help them identify when a client may be better served by refinancing.”
Rather than relying on periodic static updates, such as an annual loan review, the combined solution intends to enable dynamic event-based triggers, such as changes in cash flow, repayment behaviour, loan-to-value ratio, or product competitiveness, to prompt timely broker intervention.
“It’s about alerting the broker before the customer even knows they need help,” said Jemmett. “We’re giving brokers the ability to anticipate needs, offer better-fit products, and keep their clients ahead in a volatile market by knowing the right moment to re-engage with the right offer.”
This collaboration comes as Australians battle with rising credit risk, with research from illion revealing the proportion of Australians at risk of credit default increased by 3.8% in the first half of 2025, reversing previous declines.
