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Credit Risk

Fast, accurate, and informed lending decisions 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

Offer lightning-fast onboarding by pre-filling loan application forms

22% decrease in loan defaults

Clarity and consistency on affordability of applicants with enriched Open Banking data

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
Financial Review Factsheet
factsheet

Know your customers' financial position and make informed decisions with real-time data. Download the factsheet 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 comprimising 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

350,00 loans have been made to people with masked credits files including 80,000 mortgages

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Improve onboarding and reduce risk with Bud

 

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