# Experian's Fast Track speeds up loan approvals

> Open banking data helps lenders make faster credit decisions while giving borrowers confidence before they apply.
- Title: Experian's Fast Track speeds up loan approvals · Pymnts
- Summary: Open banking data helps lenders make faster credit decisions while giving borrowers confidence before they apply. Experian's Fast Track feature uses open…
- Keywords: experian, open banking, credit underwriting, loan preapproval, experian marketplace, fast track, affordability checks, lendable, credit cards, personal loans, fintech, business
- Source: Pymnts — https://pymnts.com/loans/2026/experian-enhances-credit-underwriting-with-early-affordability-checks
- Author: PYMNTS
- Published: 2026-09-17T16:00:29+00:00
- Read time: 1 min
- Topics: experian, open banking, credit underwriting, loan preapproval, experian marketplace, fast track, affordability checks, lendable, credit cards, personal loans, fintech, business
## Experian launches Fast Track feature
Experian added Fast Track to its Experian Marketplace, a consumer comparison platform for credit cards, personal loans and car insurance. The new tool uses open banking and affordability data to speed up underwriting.
## How Fast Track works
Fast Track analyzes income, affordability and identity data earlier in the pre-approval process using open banking and advanced data insights. This wider range of information helps lenders make faster decisions.
## Benefits for lenders
Fast Track reduces manual reviews, increases application completion rates and filters out unlikely approvals. Lenders can reach qualified customers more efficiently while cutting unnecessary work.
## Benefits for borrowers
Borrowers get a clearer picture of their approval odds before applying. Fast Track also reduces additional checks and the risk of last-minute rejections or revised offers.

> It's an important step forward in creating a more efficient lending experience for everyone.
## Early results from Lendable
Lendable, an early adopter of Fast Track, found that customers told they were pre-approved were less likely to drop out during final checks. The feature removes last-minute rejections and uncertainty.

> [Fast Track] brings a new level of confidence for consumers, using the latest advancements in credit technology to remove last-minute rejections.
## Experian's broader AI push
Experian also launched Experian Activate, an AI-powered decisioning engine, and ChatGPT apps for comparing credit cards and loans. These tools help consumers find offers they qualify for and help lenders reach qualified customers.
## Key takeaway

Experian's Fast Track feature uses open banking and affordability data to let lenders approve loans faster and give borrowers clearer approval odds upfront.