Credit decisioning specialist Zoot,  has announced a partnership with credit scorecards specialist Credit Kudos. The combination will enable lenders to easily incorporate account transaction data into their existing risk process, leveraging Credit Kudos’ pre-configured risk models through Zoot’s cloud-based platform integrating data and scoring to create a seamless application process.

Adam Jackson, Zoot’s Managing Director said “There is an excellent cultural and technological fit between Zoot and Credit Kudos and we are excited at the value this partnership will bring to our clients. Zoot have been driving innovation within the financial services industry for over 26 years and Credit Kudos are setting the pace for risk scoring powered by consumer consented transactional data.”

Freddy Kelly, Credit Kudos CEO said “With PSD2 and Open Banking on the horizon, combining transaction with Bureau datasets is quickly becoming a competitive requirement. Using Machine Learning (ML) we’ve trained models to predict risk based on a borrower’s transaction history. The Credit Kudos Connect.js library and Zoot’s decision engine give our customers the ability to immediately leverage our models without redesigning their processes. Working with Zoot builds on this speed and simplicity. Zoot’s cloud-based platform enables the flexibility that is necessary to effectively deploy and iterate on such augmented scorecard strategies. Zoot are known for the flexibility and reliability of their services and our product enables consumers to securely share relevant information with a lender in order to get a decision. These two best in class offerings combined creates a unique proposition for our clients.”