Objectives
Improve SFS categorisation and transaction mapping
Enable more granular understanding of income and benefits
Offer seamless onboarding and support for multiple clients
Deliver a reliable and scalable Open Banking experience
Enable data export, automation, and integration into downstream systems
Support Paylink’s objective of broadening the use cases for its core tool
Response
TransUnion is partnering with Bud Financial, a market-leading Open Banking provider, to deliver a seamless connection journey and highly accurate data categorisation solution. Our integrated "Assess" solution provides granular AI-powered enrichment and insights into transactional data, with robust categorisation of income, benefits and expenditure to support precise affordability assessments.
The solution enables smooth onboarding, supports multi-client configurations, and offers scalable infrastructure via an API-first platform and/or web based dashboard. It seamlessly integrates with downstream systems, facilitating automation and data export. We are committed to empower Paylink for expanding the use cases of its core tool while ensuring a reliable, compliant, and future-ready Open Banking experience.