Open Risk Exchange

What is Open Risk Exchange?

Open Risk Exchange (ORX) is a sophisticated platform designed to provide comprehensive credit reporting solutions. Specializing in the United Kingdom, it offers an accessible online portal that presents free credit scores for every registered business within the region. Understanding the needs of users requiring bulk, systematic access, ORX also makes available an API for high volume transactions.

The core of its service is rooted in advanced technological applications that are adept at sourcing, extracting, and dissecting public data concerning businesses, with the end goal of assigning risk scores. ORX prides itself on the development and utilization of cutting-edge statistical models and machine learning algorithms that churn through both structured and unstructured data sources. This rigorous data analysis has culminated in ORX's creation of one of the market’s most precise business risk models.

The efficacy of ORX's scoring system has been validated through comprehensive tests with main-street banks, online lenders, and insurance companies, providing clear evidence that ORX's scorecard surpasses the accuracy of some of the leading competitors, including renowned credit bureaus like Experian, Equifax, and Dun & Bradstreet.

Founded in November 2015, ORX has gained notable recognition and financial backing from Passion Capital, a renowned venture capital investor in the UK. Passion Capital's investment portfolio is impressive, with stakes in prominent financial technology firms such as GoCardless, Monzo, and Tide.

Eileen Burbidge, a key figure in FinTech as the Chancellor's Special Envoy and a member of the Prime Minister’s Business Advisory Group, signifies the commitment of Passion Capital to ORX by representing it on the company's board of directors.