Credit Karma announced on Friday it has partnered with Bud in a move to provide Open Banking access and smarter services to its members in the UK. Credit Karma reported it provides customers in the UK with one of the most advanced and personalized experiences in the market, including complete access to their credit history as well as truly free services to help monitor and build their credit. The platform noted it will implement Bud’s Open Banking data aggregation and transaction intelligence platform to offer new features that will help members to optimize credit through access to “better” financial products, as well as help manage ether bills with in-app switching services.
“Bud’s technology provides a secure channel for 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.”
While sharing more details about the partnership, Ziad El Baba, General Manager Credit Karma UK and Canada, stated:
“Having one’s financial information in a single destination empowers consumers to make smarter financial decisions. 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.”
Ed Maslaveckas, Bud’s CEO, added:
“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.”