Affordability

Reach credit decisions in minutes with Open banking

Businesses use Bud to provide fast, accurate affordability assessments based on enriched, real-time data about applicants.

Leaders building with Bud

CASE STUDY

Powering Street UK's affordability assessments

Read about how our affordability APIs reduced application times by 43%.

Less Risk. More applications. Stronger decision modeling.

Faster onboarding flows

Improve onboarding times by as much as 87% by pre-filling application forms with Open Banking data.

Reduce defaults

Open Banking data cuts default rates by 40-75% when compared to CRA-predicted default rates.

Credit Risk Assessments

Fast response times – Deliver credit decisions in minutes. 98% of our users can their accounts in under 40 seconds.

Accurate information – Bud's product allows clients to eliminate inconsistencies associated with manual data entry with >90% of affordability fields automatically filled.

Reduce Risk – Reduce your risk profile with up-to-date financial summaries and valuable insights like income stability and gambling spending.

Income Finder

Speedy income verification for lending – We offer clients a fast, cost-efficient and more accurate way to identify income sources, including non-traditional and gig economy income streams. Income Finder can identify a wide range of income types, including salaries, benefits, pensions and irregular wages.

Collections & Credit Management

Build engagement with customers – Bud's solution is flexible enough to satisfy clients' needs, whether they need just a PDF overview of an applicant's affordability criteria, or want to fully integrate smart transaction data into their processes. Our average solution deployment time is within 4 weeks of signature.

Reduce defaults and improve support – Get insights into customer circumstances before a default occurs, such as early detection of high-risk activities, timely loan repayments, and income fluctuations.

How it works

Connect

User connects accounts via Bud's Connect aggregation gateway.

Enrich

Ingested data is sent to Bud's Intelligence service, where it is enriched with metadata like category, merchant ID, income regularity and more.

Analyse

Enriched data is analysed and used to provide in-depth profiling insights to the client.

Report

Flexible dashboards and/or static reports are generated to help clients reach a fast and informed decision.

How it works

Connect

User connects accounts via Bud's Connect aggregation gateway.

Enrich

Ingested data is sent to Bud's Intelligence service, where it is enriched with metadata like category, merchant ID, income regularity and more.

Analyse

Enriched data is analysed and used to provide in-depth profiling insights to the client.

Report

Flexible dashboards and/or static reports are generated to help clients reach a fast and informed decision.

Beyond Open Banking Report

350,000 loans have been made to people with masked credit files including 80,000 mortgages. To learn more, download the report.

Our customers

What our customers are saying about Bud

“Our new partnership with Bud marks a significant step forward in our campaign for greater transparency, providing us with a wealth of insight that gives customers more power over their financial future”

Ziad Al Baba
General Manager UK and Canada, Credit Karma
“Importantly, the functionality Bud provides will also enable us to continue to meet our responsibilities as a responsible lender, without compromising customer experience.”

Mike Bullock
Chief Information Officer, ANZ NZ
“Partnering with Bud will empower our customers, by ensuring that their data works even better in their favour, helping them move their finances forward.”

Alastair Douglas
CEO, TotallyMoney