An inside source told CNBC that earlier this week, Apple bought UK-based fintech startup Credit Kudos. The same information was reported by sources of The Block portal. According to them, the deal amounted to $ 150 million. In response to a request from CNBC, Apple said that it buys small technology companies from time, but usually does not discuss such goals and plans.

Credit Kudos develops software that uses consumer banking data to check their creditworthiness. It competes with major credit reporting agencies including Equifax, Experian and TransUnion. CNBC says the deal could have significant implications for the company's current clients, which include Curve and Fronted.

The startup works according to the concept of Open banking, which provides for the use of open bbabo.netIs in the financial sector. According to it, representatives of financial organizations in the course of assessing the solvency of potential customers can more easily and quickly obtain data on their accounts and payments on loans (with the consent of the client). Open banking is also required to create customized offers for clients based on their history, enhancing financial transparency opportunities for the client.

It's unclear why Apple bought Credit Kudos. Probably, after the creation of Apple Pay and Apple Card (a credit card for use in the United States), the company decided to continue to develop the financial direction, improve current services or create new ones.

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