Apple buys UK-based open banking startup Credit Kudos

Apple has gotten an open banking and credit recommendation company called Credit Kudos. A terms of use page on Credit Kudos site, which was updated on March 21st, keeps in mind that the company is a subsidiary of Apple and its policy link now redirects to Apples site.
According to The Block, the acquisition closed previously today and valued Credit Kudos at $150 million.
Credit Kudos is essentially a credit check firm that claims to supply a more rounded image of an individuals financial health and creditworthiness than other techniques. Its API use the UKs open banking platform to evaluate checking account information. It aims to assist banking suppliers make faster and much better choices when people are seeking loans or other monetary services.
Apples credit card has actually been offered in the US given that August 2019. The API could help the company figured out whether to approve a UK locals application for an Apple Card.
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