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Monday, May 21, 2018

Fintech | Products

Credit Kudos connects with major UK banks

Jordan Williams | 4:58 Wednesday 9th May 2018

Credit Kudos has announced that it has rolled out its Open Banking connections with the UK’s largest banks.

It has now launched connections with Lloyds, Halifax, Bank of Scotland, RBS, NatWest, Ulster Bank, Allied Irish Bank, Danske Bank and HSBC.

Borrowers can now use the credit bureau to verify income and demonstrate creditworthiness using their financial data.

Lenders who partner with Credit Kudos eliminate the need for borrowers to manually fill out forms or upload documents, making it easier and faster to apply for loans.

Freddy Kelly, CEO at Credit Kudos, said: “Open Banking is putting individuals back in control of their own financial data.

“With Credit Kudos, borrowers can now use Open Banking to make the process of applying for loans faster and easier without impacting their traditional credit score.”

Credit Kudos is an FCA-authorised account information service provider (AISP) and has been working with the banks throughout a three-month managed roll-out period, which began in January.

Freddy added: “We’re excited to be one of the first companies to successfully apply this new technology to improve customer experience in the credit industry.”

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