Credit Risk

Credit decisions in minutes with Open Banking

Gain deeper insight with the right financial data and improve your credit decisioning model. Download our solution guide to find out how. 

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Credit Risk Open Banking

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

Key features at a glance

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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
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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Partnering with Bud will empower our customers, by ensuring that their data works even better in their favour, helping them move their finances forward.
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Alastair Douglas
CEO, TotallyMoney
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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.

Download the report

Open Banking for affordability and credit risk

Download the solution guide to learn how to get your affordability project in motion.

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