Open Banking for Lending

Cut your lending cycle from weeks to minutes with Open Banking

Streamline your credit application process and make informed decisions in minutes with Open Banking.

Leaders building with Bud

Fast, accurate credit decisions require accurate, real-time data.

Increase applications

Clients with a traditionally prime customer base saw approvals rise 10%, vs clients with thin-file applicants saw approvals rise 60%.

Reduce default rates

Clients who use Open Banking data have seen their default rates cut by 40-75% when compared to CRA-predicted default rates.

Credit risk assessments

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.

Credit management

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.

src=Affordability-Financial-Summary-Laptop-BG

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
“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”

Alastair Douglas
CEO, TotallyMoney