We are delighted to announce our partnership with Credit Kudos, whose Open Banking technology will allow customers to create personalised, affordable repayment plans according to their financial position.
This partnership marks an important step in our goal of creating a customer-centric collections model that's fairer, simpler and less stressful. It will ensure that customers only commit to repayment plans they can truly afford, allowing us to improve individuals' financial health in the long-term and break the debt cycle.
The integration of Credit Kudos Open Banking technology into our user journey comes in an intuitive digital format, doing away with complicated budget assessments and financial jargon and instead giving customers a comprehensive view of their incomings, outgoings and balances across all bank accounts. This approach radically reduces the time it takes to complete an affordability assessment from hours into seconds, providing a quicker and smoother experience for customers and businesses alike.
We look forward to continuing our work with the lovely people at Credit Kudos and would like to thank everyone who has helped us reach this stage.