Credit Kudos is credit bureau challenger. Credit scoring is one of the cornerstones of the financial services industry. It’s been historically mysterious, and it still remains dominated by three incumbents, Equifax, Experian and TransUnion. Credit Kudos aims to change all that. Credit Kudos has introduced a whole new model – instead of a credit score built up from a series of random interactions, Credit Kudos uses open banking to get (consent based) access to a would-be borrower’s financial history, and calculates a credit score from that hard data. In this episode we talk to Freddy Kelly, co-founder of Credit Kudos, and talk about how the business go started, getting the required authorisations, liaising with the FCA, GDPR issues, the advantages of consented data, machine learning and much more.
Here’s a summary of what Credit Kudos does: “Credit Kudos uses consumer transaction data to build highly accurate and transparent credit score-cards and affordability metrics. The product makes decisioning possible for the ~8m previously “unbanked” as well as those with nonexistent or “thin” credit files.”
Co-Founder and CEO, Credit Kudos
Head of Marketing
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