Curve selects Credit Kudos as Open Banking provider for Curve Credit
By Megha Bhattacharya
Challenger credit reference agency Credit Kudos today announced that it has been selected as the Open Banking provider for the FinTech Curve for its Curve Credit product. Curve Credit is a new lending and loan offering from Curve. It allows customers to pay for purchases in installments, allowing customers to spread payments over three, six or nine-month periods, offering credit on more transparent and fairer terms.
According to the FinTech, the solution will enable customers to split the instalments at the point of purchase or after they’ve paid for an item. The ‘Go Back in Time’ feature also offers people the chance to change their minds on which card they want to use to make a transaction, up to 90 days later.
Paul Harrald, Head of Curve Credit, said, “With the right approach, credit can enable financial freedom; allowing people to access the finance they need to meet unexpected needs and take advantage of new opportunities. The forthcoming launch of Curve Credit and our partnership with Credit Kudos, another disruptive fintech, will bring us a giant step closer towards truly simplifying our customers’ finances, putting them in control and allowing them to more easily manage their monthly outgoings.”
The partnership will enable Curve to better assess an applicant’s affordability and creditworthiness. Credit Kudos’ Affordability Insights solution will offer insights into an applicant’s affordability at speed through their intuitive dashboard, Atlas, or quick API, for a seamless assessment process.
Freddy Kelly, Co-Founder and CEO, Credit Kudos, added, “Our technology is transforming and modernising the lending sector to benefit both lenders and borrowers and we’re excited to partner with Curve as part of our mission to make credit fair and accessible to all. People increasingly want personalised, flexible financial products and over the past 12 months we have seen a number of innovations developed leveraging Open Banking insights, such as the soon-to-launch Curve Credit. We’re excited to be working with Curve to power faster and more accurate affordability assessments for this new product – so it can bring further innovation and financial flexibility to UK borrowers.”
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