PwC is working with fintechs to build a digital banking ecosystem which will be available to banks and other lenders.
The accountancy giant has brought together a number of cloud-based platforms using SaaS APIs, to create a new digital banking model. PwC said this will enable banks to reach more customers while reducing costs as they do not have to develop the technology themselves.
The project aims to demonstrate the ease of shifting a legacy bank model to a partnership banking model.
Read more: Fintechs develop tool to help sole traders apply for government funding
PwC on Thursday announced that Credit Kudos is one of the key fintechs working on the platform. Credit Kudos is a challenger credit bureau that offers an alternative way to measure creditworthiness using open banking data instead of historical borrowing information.
Read more: LendInvest and MarketFinance founders invest in Credit Kudos
“PwC’s digital banking ecosystem is an important milestone in…
