Individuals such as self-employed or gig economy workers may have fluctuating income, or income from multiple sources.
They’re often prejudiced by traditional income verification processes.
At best, they’re forced to verify income manually with payslips or bank statements. At worst, they’re unable to access credit altogether.
Track historical income, predict future income and review income stability or income shock indicators.
At Bud, we provide a reliable and straightforward means of seeing an individual’s complete monthly income, edge cases included.
“Bud has aligned and supported Moneyboat's mission to provide fair, flexible and competitive access to short-term finance. By implementing Bud's open banking service, we have been able to stay true to our promise of being a customer-centred brand that supports a streamlined approach to lending. Open banking allows us to consider our customers’ welfare and affordability at a more sophisticated level and this is something that we are proud to be able to offer as an award-winning responsible lender.”
