The intelligence that underpins our Affordability API has moved on in leaps and bounds - so we're releasing a new version that's both easier to integrate into clients' existing lending flows and far more powerful.
For lenders, particularly those with a traditionally thin-file customer base, developing a nuanced picture of customer income is crucial. Our Benefits Finder API is the first on the market to identify all 31 of the main UK benefits reliably.
Using Open Banking to supercharge affordability assessments is fast becoming the norm for lenders. Based on the data below, we believe this use case will become the first ubiquitous Open banking use case.
Using Open Banking to deliver automated affordability checks helped not-for-profit lender Street UK to process 84% more applications without increasing headcount or risk appetite. Here's how they did it.
Over the last 6 months, we’ve seen a real shift in the way wealth managers are describing the challenges they’re facing - with what seems like a far more nuanced understanding of the capacity of Open Banking beginning to take hold in the sector.
When we started Bud, we did it because we believed that it should be easier for everyone, everywhere to be good with money. Open Banking in the UK gave us the opportunity to take huge steps forward towards that goal and the Consumer Data Right in Australia offers that same opportunity. So we’re taking it.
Too often, organisations with compelling visions for their Open Banking services simply can't bring them to market using the kind of generic classification provided by some aggregators - but switching AIS providers is disruptive, hence our new AIS switch process...
The real value in transaction data lies in its ability to help clients understand their customers better and support them more effectively. To realise that value, our products are designed to integrate into clients' existing business systems - and from today, we're expanding that to include CRMs
Over the last few months, we’ve been working hard to expand on the capabilities of our core Intelligence product. This started with the release of customer characteristics, and custom insights capabilities and today we’re taking another major step with the Financial Product Finder.