HSBC has inked further agreements with UK FinTech Bud.
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.