Bud refocuses and restructures

October 31, 2019 | Open Banking
Written by FinTech Alliance

Tags

Bud
Bud refocuses and restructures

HSBC-backed FinTech Bud is set to ‘refocus’ its products following a restructure of its business.

In Brief:

  • Bud uses Open Banking to offer banks data which helps them innovate.

  • The FinTech will offer its software to businesses outside the banking space.

  • Retailers, utilities and insurance companies will be targeted according to City A.M.

What does this mean?

The company has gone through a significant restructure including staffing, which it says was about understanding different skillsets and teams were needed to achieve its goals. Sharing data is no longer the preserve of banks thanks to new open banking legislation – it will also help the likes of retailers gain insight into how to best serve their customers.

Read more here.

More in Open Banking

Truelayer partners with Visa
Open Banking
October 30, 2019

Truelayer partners with Visa

London-based FinTech TrueLayer is collaborating with Visa, which also has a minority stake in t...

Q3 Open Banking tracker – Insights from the heart of open banking

Posted By The Community

Open Banking
October 09, 2019

Q3 Open Banking tracker – Insights from the heart of open banking

The era of Open Banking across Europe has arrived. Following the passing of the PSD2 deadline, we ex...

Written By: Vocalink a Mastercard company

UK FinTechs compete for Open Up 2020 Challenge
Open Banking
October 08, 2019

UK FinTechs compete for Open Up 2020 Challenge

Over 100 UK FinTech companies have applied for the Open Up 2020 Challenge. In Brief: The...

Open Banking
October 31, 2019

Open Banking - Challenging conventional liquidity assumptions and business strategies

Open Banking could have important implications for bank liquidity. Although the size, scale and timi...

Open Banking
October 31, 2019

The Brave New World of Open Banking

What banks can learn from 17th-century Dutch traders: Most market watchers now view Open Banking...

Open Banking
September 27, 2019

Beyond Open Banking Report

The data from the consumer survey clearly shows that there is a real opportunity for banks and finte...

Open Banking Expo London

Open Banking Expo London

When: Nov 13th, 2019
Where: etc.venues St Paul's, London
Price: £749
Conisance Access Management and Open Banking Summit 2019

Conisance Access Management and Open Banking Summit 2019

When: Nov 14th - Nov 15th, 2019
Where: Park Inn by Radisson London Heathrow, Heathrow
Price: £720
Open Banking - A Blueprint for the Digital Economy?

Open Banking - A Blueprint for the Digital Economy?

When: Nov 28th, 2019
Where: etc. venues County Hall, London
Price: £399