LEI: 213800ZBKL9BHSL2K459 OSB GROUP PLC NOTICE OF ANNUAL GENERAL MEETING The following regulated information, disseminated pursuant to DTR 6.3.5, comprises the Notice of Annual General Meeting for. | March 31, 2023
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Admiral Financial Services to Utilize Credit Kudos to provide Open Banking data
Admiral Financial Services Limited (AFSL), part of the
), has selected credit reference agency
Credit Kudos to provide Open Banking data to initially help with income verification for its personal loan products.
According to AFSL the access to more up-to-date information than was previously available through traditional credit bureaus will help the company better understand a customer’s affordability, and better assess risk using financial data.
AFSL notes that it paused lending during the COVID-19 crisis owing to the difficulties in verifying income. The information provided by Credit Kudos through Open Banking is expected to help AFSL return to growth by increasing lending volumes.