Credit monitoring platform Credit Karma has chosen Bud’s Open Banking technology to improve its offering.
In Brief:
Credit Karma aims to help consumers not only monitor their credit but find the right financial products and make better money decisions.
Bud’s data aggregation and transaction intelligence will help Credit Karma develop a new set of features.
This addition to its offering should help consumers optimise their credit with more personalised insights.
What does this mean?
Credit Karma’s aim, says General Manager UK and Canada Zaid El Baba, is to put customers in control and enable them to see all the factors that impact 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,” El Baba explained.
