Everything we do at Bud is about helping people to get where they want to in life and we’ve spent the last 2 years working almost exclusively with big financial institutions because that is where people are most at home when they’re managing their money. That’s not always going to be the case. We’ve said consistently that financial services should be delivered at the point of need. That means creating an infrastructure that allows financial products to be accessed in a way that integrates seamlessly with the way people live their lives. Today we’re taking another big step towards that goal wit ..read more

Insights from Podcast #6: Working parents and their relationships with money The final episode of the Futureproof series explores the realities of balancing a young family with work, and the solutions parents are looking for from financial service providers as they navigate this testing environment. Remi Sade (left) and Alex HolderParenthood forces people to engage with their finances in a different way — and people want tools that reflect that Working mothers in the UK are 40% more stressed than the rest of the population (UK Household Longitudinal Survey, 2018–19) “We realised early on that ..read more

Bud has partnered with GoCompare to enable energy switching in bank apps. Here’s what it means for financial service providers and their customers. The deal with GoCo Group PLC is set to provide the infrastructure for banks to help their customers save money by switching energy providers without leaving their bank app. To talk to one of our team about utility switching, get in touch here. Since the roll out of the Open Banking regulations in 2018, banks and startups have been working together to create aggregated experiences and PFM tools but it is fast becoming clear that these are now just ..read more

Introducing the Bud platform — and what it means for your business, open banking and beyond Since announcing our first partnership with HSBC and first direct more than a year ago, it’s been our intention to make the Bud platform as widely available as possible. We’re now at a point where we can start to do that — so today we’ve published the API documentation outlining the full capabilities of our technology on our new products page. Here’s what it covers: Connecting to the open banking ecosystem Through a single API integration, our aggregation services provide access to an open banking ecosy ..read more

Open banking represents a huge opportunity for building societies. From improving the effectiveness of lending through automation to providing the technical capability that underpins radically improved user experience, Open Banking can help building societies to maintain relevance in a fast-changing market. For more information on how bud can help monetise open banking, get in touch with the team. While banks have been the focal point for much of the open banking debate, I want to switch attention for a minute to building societies. Most don’t hold a day-to-day relationship with customers (u ..read more

Unlock credit for tenants by combining our rent finder, landlord verification and rent profile services with approved credit reference partners.Later today, we’ll be in parliament (thanks to the great team at Trussle) talking about how the financial services industry can help improve mortgage accessibility, so it felt like a good time to release more details around how we’re helping people harness the power of their data to achieve the same goal.How did all this come about?In response to a private rental sector that , in the 2017 Autumn Budget, HM Treasury announced the Rent Recognition Challe ..read more

This year’s conference provided a lot of talking points around the future of finance and how open banking is set to evolve. Here are a few key takeaways, as selected by our team.At this year’s Money 20/20 EU Bud transformed a corner of the conference into our very own HQ, boasting a stellar roster of speakers — from Marcus by Goldman Sachs, HSBC and Monzo — as well as providing free consultations on how to commercialise open banking.https://medium.com/media/a0ab82b4dd9d0e4768af875d1fc0baca/hrefHere are a few quick-fire learnings we picked up from across the event, and what they mean for the fu ..read more

On Episode 5 of the Futureproof podcast, we explore how young people can lead lifestyles that are environmentally-friendly — without breaking the bank.Jemma Finch of Stories Behind Things, left, and Jenny Costa of Rubies in the Rubble61% of millennial consumers are willing to spend more on a product if it came from a sustainable brand (Global Web Index, 2018)81% expect companies to make public declarations of their corporate citizenship and social responsibilities (Global Web Index, 2018)“Now it’s consumers, rather than businesses, that dictate brand messaging. They are holding brands accounta ..read more

Episode 4 unpacks some of the new challenges faced by a generation of renters as they look to access a housing market that often feels out of reach.Liv Little (right) and her mum MichelleBuying a house is still the number one goal for more than 1 in 2 young adults (Futureproof Issue 001, 2019)Almost 50% of children in the UK are now born into rented accommodation (Royal London)In the current climate, 1 in 3 British millennials will never own a home (Resolution Foundation)Young people are now exploring potential solutions made available through shifting mindsets, technology and changing legisla ..read more

Episode 3 of the Futureproof podcast unpacks the complex relationship between money and mental health, and the practical steps needed to establish a sense of financial confidence.Jamz Supernova (left) with Nicole Crentsil96% of young adults are worried about their finances (Futureproof Issue 001, 2019)57% say they are ‘often stressed out’ when thinking about their money (Futureproof)General feelings of anxiety around money means that long-term planning simply doesn’t register as a priorityNicole Crentsil highlights the link between mental health and financial confidence: “Even by organising my ..read more