has acquired an open banking and credit score reference firm referred to as Credit Kudos. A on Credit 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 Kudos is actually a credit score test company that claims to supply a extra rounded image of an individual’s monetary well being and creditworthiness than different approaches. Its API faucets into the to investigate checking account knowledge. It goals to assist banking suppliers make quicker and higher selections when individuals are searching for loans or different monetary providers.
The deal might pave the way in which for to reach on the opposite aspect of the Atlantic. Apple’s bank card has been obtainable within the US since August 2019. The API might assist the corporate decide whether or not to approve a UK resident’s utility for an Apple Card.
According to , the acquisition closed earlier this week. The deal reportedly valued Credit Kudos at $150 million.
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