Apple buys UK-based open banking startup Credit Kudos

has acquired an open banking and credit score reference firm known as Credit score Kudos. A on Credit score Kudos’ web site, which was up to date on March twenty first, notes that the corporate is a subsidiary of Apple. A privateness coverage hyperlink now redirects to Apple’s web site.

Credit score Kudos is actually a credit score test company that claims to offer a extra rounded image of an individual’s monetary well being and creditworthiness than different approaches. Its API faucets into the to research checking account information. It goals to assist banking suppliers make quicker and higher selections when persons are looking for loans or different monetary companies.

The deal might pave the best way for to reach on the opposite facet of the Atlantic. Apple’s bank card has solely been out there within the US because it debuted in 2019. The API might assist the corporate decide whether or not to approve a UK resident’s utility for an Apple Card.

Based on , the acquisition closed earlier this week. The deal reportedly valued Credit score Kudos at $150 million.

All merchandise advisable by Engadget are chosen by our editorial staff, unbiased of our guardian firm. A few of our tales embrace affiliate hyperlinks. In case you purchase one thing via considered one of these hyperlinks, we could earn an affiliate fee.

Sharing Is Caring:

Leave a Comment