Accurately predict risk using up-to-date, highly relevant financial behaviour data.
Accurately assess anybody - not just those with previous credit history.
Break down scores into meaningful, explainable financial behaviour insights.
Signal, the Open Banking credit score, uses machine learning and transaction data to accurately predict an individual’s likelihood of repayment.
This means you can use highly relevant, up-to-date financial behaviour data to accurately assess anybody - not just those with previous credit history.
Our Open Banking credit score leverages our entire insights library to translate transaction data into 500 meaningful, explainable financial behaviour features.
These features and their interactions are combined in a type of machine learning model (Gradient Boosting Machine) chosen for performance and explainability.
Move beyond the limitations of traditional credit data. Signal enables you to serve customers that aren’t reached by using traditional credit data and reduce defaults.
Easily implement decline journeys to accurately assess segments underserved by traditional credit data and increase acceptance rates. This includes thin files, applicants with adverse credit history and those new to the country.
Using Signal Open Banking credit score, our partner unlocked 37.8% more accepts whilst maintaining their default rate.
Signal Open Banking credit score enables you to reduce defaults and implement lending strategies with precision.
Using Signal in place of their existing provider’s score, our partner found they could reduce their overall default rate from 11.7% to 9.7%, whilst increasing acceptances from 17.5% to 29.8%.
Signal is built to enable you to understand and evidence risk decisions. It’s the best of both worlds: high accuracy, driven by machine learning, and clear explainability.
Each individual's score includes 'pointers': five features or feature combinations that most contributed to the person's score. These are both human readable and standardised, aiding quantitative analysis.
“Through our data-driven partnership with Credit Kudos, we are now able to more quickly and more reliably assess income allowing us to responsibly increase lending volumes. This market-first partnership will change the way our customers, including the financially underserved, access financial services and products.”
CEO, Admiral Financial Services Ltd.
“Having evaluated all the Open Banking offerings on the market, we elected to work with Credit Kudos due to their superior credit decisioning track record and product capability.”
Managing Director, 247 Money
“Credit Kudos’ Open Banking empowered technology has been instrumental in helping us lead the charge in the sector, ensuring proper affordability checks and responsible lending to our customer base.”
Zilch CEO & Founder
“Introducing Credit Kudos as an essential part of our service has helped Goodlord scale efficiently and create the best tenant referencing experience.”
Head of Referencing, Goodlord
“Credit Kudos differentiates itself from alternatives with a truly slick customer journey and a powerful vision of how customers’ personal information can drive better outcomes.”
Head of Credit, Bamboo
“Credit Kudos were by far the most suitable provider of Open Banking we spoke to and has immediately shown benefit to our operational activities.”
IT & Innovation Manager, Police Credit Union
“By automating previously laborious data collection processes, we've been able to spend more time with customers. Not only does this drastically increase efficiency, but it reduces stress on an individual and results in a better, faster outcome for all.”
CEO, Paylink Solutions
“Providing our customers with first-class user experience is incredibly important to us and using Credit Kudos’s advanced Open Banking insights enables us to streamline the lending process from start to finish, as well as make significantly faster decisions. Our partnership will also help us to responsibly offer loans to even more people, ensuring they have access to credit options that are right for them.”
Chief Credit Officer
“Using Credit Kudos’ advanced Open Banking insights, we can give customers a simpler, fairer and faster experience, create a repayment plan that is manageable for their personal financial situation and set them on the path to better financial health.”
CEO and Co-Founder