Experian and fintech platform Stryd have joined forces to launch an open banking-powered loan matching solution that gives brokers a new way to re-engage clients across the full loan life cycle. The collaboration lets brokers access real-time financial data via BankStatements.com.au – an Experian-acquired platform – and product information from Stryd, which catalogues more than 2,000 mortgage products from 85 bank brands. Joining Experian’s affordability and behavioural data with Stryd’s PRD-enabled product pricing and risk engine will enable brokers to better match clients to suitable loans and maintain engagement throughout the loan life cycle, including post-settlement. 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. Eventually, the collaboration aims to reduce brokers’ reliance on periodic status updates, such as an annual loan review, and move towards event-driven alerts and real-time customer insights. Simone Jemmett, Experian’s managing director, open data solutions, A/NZ, said the collaboration will ultimately enhance brokers’ ability to re-engage clients at the right moments, particularly as brokers often lose visibility of customer data once a loan settles, limiting their ability to re-engage strategically.