Assessing affordability is a long, inefficient and costly process
The credit application process is broken. Credit bureau data reacts too slowly to help you manage credit-lines. Lenders are faced with a serious challenge to accelerate and improve existing processes while maintaining a stable level of new customer acquisition and accurate affordability assessments.
Fast, simple, efficient onboarding with Open Banking
Open Banking with Bud presents lenders with a unique opportunity to improve their businesses by designing a fast, reliable affordability assessment based on real-time, enriched data about the applicant. This provides lenders with insights to reach a credit decision in minutes.