Our company, DirectID, builds products based on (open) bank data that help businesses onboard their customers quickly. A global Scotland-based Fintech, DirectID has been pioneering the use of bank data and Open Banking since 2011 and is an active participant in the UK Open Banking initiative and a founding member of FDATA, Innovate Finance, and Open Banking Excellence.

Our business service, helps businesses like lenders to create exceptional customer experiences by removing friction caused during the application process by the current challenges of risk, compliance, fraud, and regulation.

The products and solutions we build are based on the real world needs of consumers and businesses. It’s all about understanding the pain and going back to first principles. Once we understand that it’s easy for us to build products that solve those pains and diversify or extend the solution from there. To that end we have developed, and are in the stages of developing, several different products.

DirectID connects to 5,500 banks in 30 countries and will soon support Open Banking in the UK. We presently have more than 30 customers on the platform and have just launched with Clydesdale, a leading UK retail bank, to provide bank data as part of their mobile app experience.

On the consumer front we have built a personal finance management (PFM) app called NoMo. This helps bank customers to stay on top of their finances, offering a dashboard and advice on how much money you have in your account.

The business is authorised by the FCA to provide AISP (Account Information Service Provider) services to the UK market.


James Varga founded The ID Co. in 2011 with a mission to create convenience—to allow us to sign up to new products and services in seconds.

In 2020 the company rebranded and became DirectID.

DirectID builds products based on (open) bank data that helps businesses like online lenders to onboard their customers efficiently by solving pains such as affordability and credit risk.

Our DirectID business products help lenders to onboard their customers by removing friction caused during the application process by the current challenges of risk, compliance, fraud, and regulation. The products we provide solve business pains such as assessing a customer’s affordability, verifying their account information, and thereby offsetting credit risk.

James is active in a number of local and global efforts to help people do more online, including the Fintech Delivery Panel (FDP), FDATA, Open Banking Excellence | Edinburgh, and Trust In Digital Life (TDL), whose mission is to create a trusted ecosystem that protects the data and assets of citizens and enterprises across Europe.

There is a fundamental shift occurring in the market. The global trend of Open Banking is opening up access to consumers bank data while at the same time GDPR and other consumer protections are putting more controls in place for the individual. It is within these two opposites that The ID Co. operate. Consumers demand that banks are much savvier with their data, and some of the digital only banks are responding to this challenge.  DirectID’s. goal is to make these trends a reality.

James Varga – CEO & Founder

Milko Radotic – Chief Commercial Officer


  • Funding Stage Self-funded
  • Trading for 6-10 years
  • Employees 11-50
  • Sector Data/Analytics
  • Valuation N/A

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