A modular banking system, with insights, that connects all FS products in one place, crafting a better end-to-end experience for customers and banks.
Bud has created a fully customisable platform that banks and financial institutions can deploy that will connect new financial services seamlessly to their customers via APIs. The new finance customer expects things to be tech-first, simple, helpful and automated. The dedicated and specially trained team at Bud is building a solution for banks to service these needs and take advantage of the new 'open banking' business model estimated to be worth $1 trillion by consulting firm Oliver Wyman.
By deploying our marketplace of products, complete with API integrations, to banks, new fintech companies and services will be accessible, directly, by millions of users. As the first open banking platform regulated by the FCA, Bud is pioneering API technology in the banking world and using machine learning and big data to increase the wellbeing of anyone who uses the product. This is just the first step. Bud will make finding and using new financial products seamless and pain-free.
It's a 'take advantage of' or 'be taken advantage of' world post-PSD2, and indeed, with the changing consumer landscape. Bud will help large organisations seize the opportunities of open banking and help them compete with new entrants by connecting their customers to a host of integrated fintech services within their online and mobile banking offerings. As well as giving fintech companies a direct route to millions of customers, Bud will firm up bank revenues with commission based introductions.