Rent Recognition

Build credit history for tenants with Open Banking

Help customers record their history of making rent payments in their credit files.

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Rent Recognition Partners

Bud's Rent Recognition solution provides a credit-building tool to acquire new customers,  support those with poor credit history, and drive loyalty.

26% would switch banks

26% of renters in the UK would switch banks or use standalone app to get access to a feature that improved their credit

£4bn opportunity

Unlock the £4bn in credit applications turned down each year due to thin credit profiles

Rent Recognition How it Works

How it works

Here's how Bud uses Rent Recognition to help your customers build their credit profiles.

Connect Icon
Connect
Customer connects to account
Identify Icon
Identify
Customer selects latest rent payments
Submit Icon
Submit
Customer submits rental profile to credit agencies
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Build
Customer continues to pay rent as normal while the payments are recorded in their credit files

Key features at a glance

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Experian and Equifax API Integrations
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Powerful AI models detect and verify rental payments
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Rental payment verification with Land registry via API
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Backed by HM Treasury
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Customer loyalty and acquisition increase
Signal Factsheet
Signal Factsheet

Give your customers credit for paying rent on time. Download the Signal product factsheet to learn more.

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Our Customers

What customers are saying about Bud

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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
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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
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Beyond Open Banking Module
BEYOND OPEN BANKING REPORT

6/10 COVID-affected participants said they would use a credit building feature like Rent Recognition, if given the opportunity. Download the report.

Download the report

Strengthen credit profiles with Bud

 

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