Moneybarn, the UK lender of specialist car, van, and motorbike finance, has chosen Credit Kudos as its Open Banking partner.

The organisation will use the challenger credit reference agency’s income verification, affordability insights, and report sharing, to help better inform its lending decisions.

Moneybarn will also be using Credit Kudos’s newest product, Assembly, an Open Banking decision engine that enables lenders to automate credit policies and implement real-time decisioning without the need for manual data analysis.

Prior to live deployment, new policies can be designed and assessed against the historic population to understand the impact on conversion.

“Providing our customers with first-class user experience is incredibly important to us and using Credit Kudos’s advanced Open Banking insights enables us to streamline the lending process from start to finish, as well as make significantly faster decisions,” said Natalie Trist, chief credit officer, Moneybarn. “Our partnership will also help us to responsibly offer loans to even more people, ensuring they have access to credit options that are right for them.”

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