Clients with a traditionally prime customer base saw approvals rise 10%, vs clients with thin-file applicants saw approvals rise 60%.
Clients who use Open Banking data have seen their default rates cut by 40-75% when compared to CRA-predicted default rates.
Efficiency – Open Banking saves an average client 1 hour per application when compared to manually checking bank statements. Learn how pre-filled forms can help you reach credit decisions in minutes with our .
Risk – Reduce your risk profile with up-to-date financial summaries and valuable insights like income stability and gambling spending.
User Experience – Open Banking has a 70-80% customer uptake rate when clients deploy it with coherent UX.
Reduced defaults – Clients using our solution see default rates reduced by 40-75% as a result of using Open Banking data. Reduce your default rates, speed up the credit process, and improve accuracy by pre-populating application fields.
Better support – Support vulnerable customers with a dashboard that allows advisors and customers to better understand finances and determine solutions. Flags and warnings in our dashboard help customers to take action when their financial situation changes.
Get a complete picture of your customers' finances with Bud's affordability and eligibility solution, Assess.
How-to guide to get your affordability project off the ground.
Solution guide for tightening the onboarding process without compromising the user experience for BNPL providers.