Discover how APIs are transforming collections, enabling smarter, more effective debt recovery and improving the debtor experience.
Explore Bud's revenue-generating possibilities and leverage customer data to identify new opportunities, expand your customer base and take personalised up- and cross-selling to the next level.
Over the last few months, we’ve been working hard to expand on the capabilities of our core Intelligence product. This started with the release of customer characteristics, and custom insights capabilities and today we’re taking another major step with the Financial Product Finder.
As its name suggests - the Financial Product Finder creates a summary of a customer's financial products using their transaction history. Currently, it can detect:
The FinTechs and Financial Institutions we work with use these products to help their customer's achieve a specific goal. The first step in doing this is to understand the products a customer already has. As things stand, this can pose quite a challenge.
The Financial Product Finder combines the output of our Categoriser and Merchant Identification services to create a probability score that a given transaction is a financial product. The Finder then pulls the high probability transactions into a summary of predicted products.
The Financial Product Finder has a wide variety of applications. We've seen clients use it for discovering cross-sell opportunities during customer consultations, with one client increasing upsell by 60%. It's also been used it to identify customers with a need for a given product, for example, people with multiple loans that could benefit from consolidation or people with large cash deposits but no investment products.
The Financial Product Finder is being rolled out as part of our Intelligence product. You can also use it with Assess, our dashboard product to review a customer's financial situation. To find out more about how Bud can support your goals, get in touch with the team here.
We put out a newsletter roughly once a month with highlights from the blog and updates on new roles. Sign up if that's your thing
Bud is the trading name of Bud Financial Limited, a company registered in England and Wales (No. 9651629).
Bud Website – Privacy Policy | Website terms and conditions | Cookie Notice | Privacy Settings | For consumers: Your rights – Payments
Bud® is authorised and regulated by the Financial Conduct Authority under registration number 765768 + 793327.