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Credit Karma and Bud to offer open banking access to members in the UK

By Megha Bhattacharya

April 16, 2021

  • Credit Karma
  • UK
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credit karmaConsumer technology platform Credit Karma has teamed up with FinTech Bud in a bid to provide open banking access and better services to members in the UK. The collaboration will see Credit Karma implement Bud’s Open Banking data aggregation and transaction intelligence platform for enabling members to optimise credit through access to better financial products and manage their bills efficiently with in-app switching services.

“Having one’s financial information in a single destination empowers consumers to make smarter financial decisions,” said Ziad El Baba, General Manager Credit Karma UK and Canada. “This partnership enables Credit Karma to better help our consumers to make financial progress and provides our members with greater transparency into financial products they qualify for.

bud“Through the years since its inception, Credit Karma has been working hard to put customers in control, and to have full visibility of the factors affecting their credit score. 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, while enabling banks to make better, more informed decisions.”

Bud enables members to share their data through Open Banking. The platform then analyses and enriches that data, creating insights that power new personalised services for customers.

Ed Maslaveckas, Bud’s CEO added, “There hasn’t been this much societal change over such a short period in living memory. We’re seeing a unique set of problems in the financial sector that are emerging at incredible speed and which all have one thing in common – you solve them with better data portability, better insight and more transparency. Without that, you don’t have a chance of addressing them. Companies like Credit Karma are leading the way to a better and fairer financial sector, and our intelligence platform is playing a significant role in bringing about the open banking revolution.”

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