Simplifying Credit Reporting: Karat’s Experience with Bloom Credit
“Bloom made it easy to jump start our credit bureau integration, and their level of support has been amazing on both tech and ops.” – Andy Nguyen, Software Engineer
Effortless Integration and AWS-Powered Performance: Since November 2022, Karat has benefited from Bloom Credit’s seamless API integration, enabling streamlined reporting processes. Powered by AWS, Bloom Credit ensures scalability, robust performance, and high availability, allowing Karat to grow without hassle.
Exceptional Service and Expertise: Bloom Credit’s exceptional service and deep expertise in credit bureau reporting have been pivotal. Their comprehensive support and commitment to accuracy have ensured Karat’s reporting needs are met with precision.
Comprehensive Product Support: Karat utilizes Bloom Credit’s extensive product support, including credit data access, data furnishment/reporting, and credit bureau dispute handling. This allows Karat to manage various aspects of their credit operations efficiently under one roof.
Enhanced Efficiency and Compliance: With Bloom Credit’s robust APIs and validation processes, Karat efficiently furnishes user data to major credit bureaus, ensuring accuracy and compliance. This support system helps maintain high data quality and streamline credit reporting processes.
Built for Scale: Furnishing credit data is an inherently bursty business process. Although data can be furnished more frequently, most lenders report on a monthly basis in order to align with statement periods. Bloom relies on AWS technologies to help with the scaling. Services are deployed on EKS, and scaled automatically through Karpenter and Cluster Autoscaler. Similarly, Bloom leverages Aurora Serverless Postgresql in combination with Elasticache for Redis in order to ensure that database transactions do not become a bottleneck in the monthly processing process.
Conclusion: Karat’s experience with Bloom Credit highlights their role as a reliable partner in simplifying credit reporting processes. Leveraging the power of AWS, Bloom Credit provides user-friendly solutions and robust support, enabling Karat to focus on growth and delivering value to their customers.