Bud named a ‘Leader’ in open banking intermediaries evaluation by independent research firm

Since the last Forrester report in spring 2021, a lot has changed. The rush to comply with regulation has subsided. Open banking is no longer used to fulfil a single use case, but is recognised as adding value throughout the consumer lifecycle. It can unlock financial opportunities and resilience for end users – especially important as the cost of living crisis continues to bite. And for financial institutions, clever use of transactional data can drive efficiencies, reduce risk and fuel innovation.

Recognising this shift by financial institutions toward more customer-centric ambitions, a key focus at Bud is on the benefit of the Bud platform as a whole, and not just the individual products we provide. We believe that our AI and data intelligence capabilities make Bud a great choice for forward-thinking organisations that wish to take open banking beyond transactions enrichment alone.

In Forrester’s evaluation, Bud received the highest scores possible in seven criteria, including market approach, innovation roadmap, and commercial model. It also notes: “Innovation is a strength, with a third of Bud dedicated to ‘pure’ R&D and a history of collaborating or piloting with firms and governments.”

The diversity of our client base reflects the limitless opportunities that our data intelligence platform can unleash. From fintechs to credit bureaus and tier 1 banks – our platform gives our partners the transformative ability to turn transactional data into rich customer insight.

In fact, we’re always bowled over by the way our clients use our APIs and dashboards to make sense of messy financial data and ultimately improve their customers’ lives. It’s heartening, then, to see our customers praise our partnerships with them as part of the report: “Reference customers liked the influence they could exert on the roadmap, singling out great professional engagement, strength of communication, and Bud’s clear ability to work with banks.”

Adoption of and interest in open banking is growing among consumers. We’re proud to be part of an ecosystem that empowers people to get the best out of their data and to be recognised by Forrester as a leader in this evolving space.

See why we’re a Leader…

Forrester is a respected, independent research firm. Its report, 'The Forrester Wave: Open Banking Intermediaries, Q1 2023', identifies 13 providers and scores them across 24 criteria to help banking and financial services professionals choose the one that best suits their business.

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