How it works
Built from Open Banking and loan outcome data our rich insights provide a comprehensive view of an individual or company’s current financial situation. We explain how it works below.
From Open Banking data to rich insights
We are experts in data enrichment - going beyond aggregation - to provide our partners with highly accurate insights.
Collection
Collecting Open Banking data
Upon the applicant’s consent, an individual or company’s account(s) are aggregated into a single view of their financial behaviour. Advanced models detect and indicate when an applicant hasn’t shared their main income or expenditure account.
Analysis
Classification, Grouping, Prediction
For market-leading coverage and accuracy, we have developed state of the art modelling techniques using millions of real transactions to categorise income and expenditure. Our advanced machine-learning models use historical data to predict future behaviour, taking into account outliers, seasonality and changes in circumstance.
Insights
Financial behaviour insights
Proven predictive insights are surfaced through our API or underwriting platform, Atlas. These insights can be incorporated into scorecards and policies, used to improve manual underwriting, or automate decisioning.
Connecting with Open Banking
Embed our Open Banking journey into your existing customer journey, or bring-your-own-data.
Our Open Banking journey
Credit Kudos’ Open Banking journey has been built based on extensive consumer, UX and UI research to optimise for conversion. Our journey seamlessly embeds Open Banking into any customer journey, making it easy to access verified transaction data directly from financial institutions.
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The applicant connects their bank accounts via our Open Banking journey
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Credit Kudos instantly aggregates and analyses verified transaction data
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View insights through our Reports API or underwriting platform, Atlas.
Bring your own data
Bring your own data enables you to enrich any existing transaction data with Credit Kudos’ insights. This could be data from another aggregation service, data held by you as a bank or similar financial institution, or data collected by a third party.
Data analysis
Data enrichment
As a credit reference agency, our predictive insights are built by combining transaction and loan outcome data. We distill transaction data into proven predictive insights that can be incorporated into scorecards and policies.
Predict future behaviour
Advanced machine-learning models use historical data to predict future behaviour, taking into account outliers, seasonality and changes in circumstance such as a pay rise or moving house. Measured on real historical data, we have built models that are 37% more accurate than any traditional statistical approach.
Classifying and grouping transactions
Our classification engine uses state of the art modelling techniques and millions of real transactions to categorise income and expenditure with market-leading coverage and accuracy.
Insights at a glance
Access rich insights via our Reports API or our underwriting platform, Atlas.
Atlas
Our easy-to-use underwriting platform displays rich insights on top of Open Banking data to streamline your underwriting process and help you to better understand your customers’ creditworthiness.
Reports API
Our Reports API allows you to fully or partially automate decisioning, use Credit Kudos data in existing risk models or integrate financial behaviour data into your underwriting platform.
Get in touch to find out more or request a demo
Awards
Winner
Best Credit Information Partner
Credit Strategy Lending Awards 2020
Winner
Best Technology Provider
Credit Strategy Credit Awards 2020
Winner
Credit Information Partner of the Year
Consumer Credit Awards 2020
Winner
Innovation of the Year
Consumer Credit Awards 2020
Winner
Best Machine Learning in Credit & Collections
Credit Connect Credit & Collections Technology Awards 2020
Winner
London's Top 50 Startups
Tempo 2020
Winner
Best Risk and Fraud Solution
Credit Excellence Awards CCR 2020
Winner
The Power List 20
Credit Connect 2020
Winner
Affordable Credit Challenge
Nesta Challenges 2020
Winner
The Fintech50 2020
FintechCity 2020
Winner
Top 100 FinTech Disruptors for 2020
BusinessCloud 2020
Winner
Fintech Startups to Watch
Computerworld 2020
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