Credit Risk with Open Banking

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

Connect

Customer connects account

Enrich

Ingested data is enriched to add meta data like category, merchant ID and more...

Analyse

Enriched data is analysed and used to pre-populate application form for the customer and provide in-depth profiling insights to the lender

Report

Credit modelling improved and analyst makes faster, informed lending decisions

Why choose Bud

Ingest first party data, Open Banking and physical statements

Best-in-class categorisation models, critical for risk analysis

Key insights like income stability and gambling expenditure

Static reports for audit and compliance

Dashboard available with customisations

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.

Mike Bullock

Chief Information Officer, ANZ NZ

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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