Credit bureau data alone can leave customers behind
Growing numbers of people are unable to access credit, including those who are self-employed, in gig economy employment or who have a poor credit history.
Meanwhile, many lenders have tightened their lending criteria and some rely on data from credit bureaus, which can be inaccurate and outdated, to make decisions.
Lend using transactional data analysis
At Bud, we provide industry-leading transactional data analysis so you can lend with confidence, knowing that you’ve taken a robust, real-time approach to the decision to avoid defaults.
We make these capabilities available either as a set of APIs which can be integrated into existing systems, or via a plug-and-play dashboard that’s ready to deploy straight into your assessment centers.
Drive financial inclusion
Make your processes more transparent, widen your lending pool and grow your loan portfolio without changing your risk appetite.
Reduce risk by having a complete picture of your applicants’ financial position to assist with credit decisions.
Optimize customer experience
Prevent application drop-offs with a slick user experience and reduced time to decision.
Don't take our word for it
“By implementing Bud's open banking service, we have been able to stay true to our promise of being a customer-centered brand that supports a streamlined approach to lending. Open banking allows us to consider our customers’ welfare and creditworthiness at a more sophisticated level and this is something that we are proud to be able to offer as a responsible lender.”
See how Assess works throughout your lending process
Improve conversion rates using aggregators and comparison sites.
Support struggling customers.
Identify newly eligible or vulnerable customers.
Serve those with unusual income patterns.