Credit Karma has announced its partnership with Bud, a move that will give its UK members access to Open Banking services.

The consumer tech platform, which has over 110 members across the US, Canada, and the UK, is to implement Bud’s Open Banking data aggregation and transaction intelligence platform.

Th platform will underpin a set of new features that help members to optimise credit through access to better financial products and manage their bills more efficiently with in-app switching services.

The tech is also used by HSBC in the UK and ANZ in New Zealand.

“Having one’s financial information in a single destination empowers consumers to make smarter financial decisions,” said Ziad El Baba, general manager Credit Karma UK and Canada. “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."

He added: “Through the years since its inception, Credit Karma has been working hard to put customers in control, and to have to have full visibility of the factors affecting their credit score. Our new partnership with Bud marks a significant step forward in our campaign for greater transparency, providing us with a wealth of insight that gives customers more power over their financial future, while enabling banks to make better, more informed decisions.”

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