“Our collaboration with Bud has allowed us to empower universities and colleges with an accurate and more holistic view of the real cost of student life, based on student's actual financial behaviour (with their permission). It has also enabled us to provide students with insights into their spending and suggest areas where they may be able to save, to support them with budgeting and help them to manage their money with confidence. When it comes to our Funds Management System, which streamlines every step of the support funding process at universities and colleges, introducing open banking through our partnership with Bud has meant significant time and admin savings for both staff and students.”
"Too often in the credit market, data works against people. So they’re matched with the wrong products or declined altogether. Open banking is a huge opportunity, and our partnership brings this data into the lending ecosystem, enabling deeper insights for customers into their financial position and enabling better borrowing habits. This empowers our customers to step from ‘just about managing’ to moving their finances forward."