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Transform how you assess risk and affordability

Assess is Bud's affordability and eligibility assessment service. Banks, lenders and wealth managers use Assess to produce a fast, accurate assessment of a customer's financial situation using Open Banking data.  

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Why Assess?

Assess provides clients with a comprehensive and up-to-date view of an applicant's financial situation, whilst providing a frictionless onboarding experience for their customers.

Clients use Assess to improve their credit decision models, to share information between customer service and collections, and to drive better conversations with their customers.

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Faster onboarding flows

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

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Reduced consultation times

30% reduction in consultation times while increasing customer success rates

CASE STUDY

Powering Street UK's affordability assessments

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

Read the case study
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Assess uses Open Banking data to address areas where financial institutions struggle

Fast response times - Deliver credit decisions in minutes. The average connection time is less than 6 seconds with a 97% completion rate.

Accurate information - Assess eliminates inconsistencies associated with manual data entry with >90% of affordability fields automatically filled.  

Flexible integration - Assess provides clients the ultimate flexibility by combining any of Bud's 200+ transaction categories into a set of tailor-made custom categories for the use-case in question. 

 

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Insights that drive business outcomes

Assess gives clients an unprecedented level of insight and context that can be fed in to improve decision models such as:

  • Income verification
  • Alerts re: recent changes in income
  • Identification of high-risk activity like gambling and significant cash withdrawals
  • Identification of loan, rent repayments, and other priority expenditures
  • Identification of financial product ownership (e.g mortgages & home insurance)

 

 

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Fast, easy integration into any workflow

Whether clients simply want a PDF summary of an applicant’s affordability criteria or they want to fully integrate smart transaction data into their systems, Assess works however they do. Our average solution deployment time is within 4 weeks of signature

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How clients use Assess to make faster, more informed lending decisions

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How clients use Assess to make faster, more informed lending decisions

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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”
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    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.”
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    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.”
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    Alastair Douglas
    CEO, TotallyMoney

Download the Assess factsheet

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