25 min

45: Freddy Kelly of Credit Kudos - Transparent Financial Health Score Impact Hustlers - Entrepreneurs With Social Impact

    • Entrepreneurship

Freddy Kelly is the CEO and cofounder of Credit Kudos, a new kind of credit bureau that uses financial behaviour to measure creditworthiness, harnessing Open Banking. Highlights:Problems of traditional credit scoring which is non consensualTypes of use cases for open bankingIdentification problem when someone arrives in a new countryTackling poverty premium i.e. cost of paying more for being poorerHaving better data and turning into objective measures to predict credit riskHow FCA is looking at competition in credit information marketWhy Open banking can be a bad name and winning the trust challengeThe Mum Test and chasing the hard noUseful links:Credit Kudos - https://www.creditkudos.com (https://www.creditkudos.com/)Freddy Kelly's Linkedin - https://uk.linkedin.com/in/freddykellyFreddy Kelly's Twitter - https://twitter.com/fredkellyThe Mum's Test - http://momtestbook.com/Time Stamp[02:30] How Credit Kudos is solving the credit score problems[04:30] Helping show good risks for thin file customers[06:00] How to prove you are who you are when you are in a new country[08:00] Tackling poverty premium and accessibility of credit[10:30] How is Credit Kudos different[12:00] New data, credit risk and business models[13:00] Challenge of getting new banks to use Credit Kudos[17:00] Lessons from being a founder[20:00] Having unique insights from what data can do[21:00] Vision in 10 yearsGo to ImpactHustlers.com (https://www.impacthustlers.com/)Visit FastForward 2030 (http://fastforward2030.com/) and Real Changers (https://www.realchangers.com/)Impact Hustlers is hosted by Maiko Schaffrath, connect on Linkedin (https://uk.linkedin.com/in/maikoschaffrath/en) and Twitter (https://twitter.com/maikoschaffrath)This podcast is produced by Podcast Publishing (http://podcastpublishing.help/) Support the show (https://www.buymeacoffee.com/impacthustlers)

Freddy Kelly is the CEO and cofounder of Credit Kudos, a new kind of credit bureau that uses financial behaviour to measure creditworthiness, harnessing Open Banking. Highlights:Problems of traditional credit scoring which is non consensualTypes of use cases for open bankingIdentification problem when someone arrives in a new countryTackling poverty premium i.e. cost of paying more for being poorerHaving better data and turning into objective measures to predict credit riskHow FCA is looking at competition in credit information marketWhy Open banking can be a bad name and winning the trust challengeThe Mum Test and chasing the hard noUseful links:Credit Kudos - https://www.creditkudos.com (https://www.creditkudos.com/)Freddy Kelly's Linkedin - https://uk.linkedin.com/in/freddykellyFreddy Kelly's Twitter - https://twitter.com/fredkellyThe Mum's Test - http://momtestbook.com/Time Stamp[02:30] How Credit Kudos is solving the credit score problems[04:30] Helping show good risks for thin file customers[06:00] How to prove you are who you are when you are in a new country[08:00] Tackling poverty premium and accessibility of credit[10:30] How is Credit Kudos different[12:00] New data, credit risk and business models[13:00] Challenge of getting new banks to use Credit Kudos[17:00] Lessons from being a founder[20:00] Having unique insights from what data can do[21:00] Vision in 10 yearsGo to ImpactHustlers.com (https://www.impacthustlers.com/)Visit FastForward 2030 (http://fastforward2030.com/) and Real Changers (https://www.realchangers.com/)Impact Hustlers is hosted by Maiko Schaffrath, connect on Linkedin (https://uk.linkedin.com/in/maikoschaffrath/en) and Twitter (https://twitter.com/maikoschaffrath)This podcast is produced by Podcast Publishing (http://podcastpublishing.help/) Support the show (https://www.buymeacoffee.com/impacthustlers)

25 min