Collections & Credit Management
Streamline collections and recovery with Open Banking
Streamline processes gathering real-time data analytics and employ a scalable operational approach
How it works
Here's how Bud can help both customer and collections to share information with ease and clarity.
Connect
Customer connects via Open Banking to share transaction data
Enrich
Data ingested is enriched to add new metadata such as category, merchant ID, income regularity and more
Analyse
Enriched data is analysed to give advisors a clear picture of factors affecting repayments
Report
Flexible dashboard and static reports help collections teams to support customers with manageable repayment programmes
Ingest first party data, Open Banking and physical statements
Best-in-class categorisation models, critical for debt advice
Key insights like income stability
Compare against CRA data in one place
Configured dashboards
Faster collections process with better outcomes
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How-To Guide
Deliver lending decisions in minutes without increasing risk appetite. Download the Affordability How-To Guide to learn more.
Importantly, the functionality Bud provides will also enable us to continue to meet our responsibilities as a responsible lender, without compromising customer experience.
Mike Bullock
Chief Information Officer, ANZ NZ
2021 Beyond Open Banking Report
65% of those who received a payment holiday and took out loans are reporting increased income insecurity.
