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Credit Risk

Credit decisions in minutes with Open Banking

Gain deeper insight with the right financial data and improve your credit decisioning model

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Banks and lenders use Bud's affordability solution to create operational efficiencies to manage regulatory exposure and reduce credit risk.

87% faster onboarding by pre-filling loan application forms

22% decrease in loan defaults

Credit Risk Open Banking

How it works

Here's how Bud can help you make fast and informed lending decisions.

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Connect
Customer connects account
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Enrich
Ingested data is enriched to add meta data like category, merchant ID and more...
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Analyse
Enriched data is analysed and used to pre-populate application form for the customer and provide in-depth profiling insights to the lender
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Report
Credit modelling improved and analyst makes faster, informed lending decisions

Why choose Bud

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Ingest first party data, Open Banking and physical statements
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Best-in-class categorisation models, critical for risk analysis
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Key insights like income stability and gambling expenditure
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Static reports for audit and compliance
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Dashboard available with customisations
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Mobile (SMS) approval initiation
Affordability How-To Guide
How-To Guide

Deliver lending decisions in minutes without increasing risk appetite. Download the Affordability How-To Guide to learn more.

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Our Customers

What our customers are saying about Bud

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Importantly, the functionality Bud provides will also enable us to continue to meet our responsibilities as a responsible lender, without compromising customer experience.
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Mike Bullock
Chief Information Officer, ANZ NZ
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2021 Beyond Open Banking Module
2021 BEYOND OPEN BANKING REPORT

350,000 loans have been made to people with masked credit files including 80,000 mortgages.

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Improve onboarding and reduce risk with Bud

 

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