London fintech start-up Bud has launched Bud Exchange, which is designed to allow banks and fintech companies in Europe to connect with first parties, such as insurers and wealth management providers, through one portal. The Exchange will also give its 80-plus financial partners, such as robo-adviser Wealthify, access to transaction data as part of the open banking framework, which Bud’s head of awareness, Jamie Campbell, claimed will make open banking cheaper to use. The open banking framework requires banks and payment companies to share financial information in order to give customers a better service.
London fintech start-up Bud has launched Bud Exchange, which is designed to allow banks and fintech companies in Europe to connect with third parties, such as insurers and wealth management providers, through one portal. The Exchange will also give its 80-plus financial partners, such as robo-adviser Wealthify, access to transaction data as part of the open banking framework, which Bud’s head of awareness, Jamie Campbell, claimed will make open banking cheaper to use. The open banking framework requires banks and payment companies to share financial information in order to give customers a better service.