HSBC has inked further agreements with UK FinTech Bud.
In Brief:
-
The global deal affords HSBC access to Bud’s Open Banking aggregation, data intelligence and APIs.
-
HSBC’s division First Direct will be the first to benefit from the technology.
-
HSBC UK will then follow later next year, with users able to access Bud’s rent recognition service.
What does this mean?
The companies already have a relationship since Bud launched an app with First Direct in early 2018. HSBC has also invested in one of Bud’s funding rounds.
