Problem |
Getting a comprehensive picture of a customer's financial situation is challenging. They are increasingly using more than one financial provider but still want to see their data in one place. As needs have shifted, customers expect tools that help them achieve their goals and fit seamlessly into their way of living. |
Solution |
Connect and consolidate your customers’ accounts from different providers and allow them to set financial goals, create budgets and get personalised insights into their spending. Use our platform to build personal finance management features that drive better customer engagement, retention and acquisition. |
Receive and manage customer consent to securely access their current, credit card and savings account information and transaction data.
Receive and manage customer consent to securely access their investment and pensions account information.
Categorises transactions into more than 200 distinct categories, provides merchant names and logos and identifies recurring transactions
Identifies significant transactions (e.g rent, salary and energy) provides totals over time for categories and merchants and calculates left-to-spend based on balance and predicted outgoings.
Customers securely connect all of their current, credit cards and savings accounts along with any pensions and investment accounts.
Increase financial awareness by displaying income and spending totals, breakdowns by category and changes over time.
Combine data to create insightful and useful features like 'Left-to-Spend'.
Allow customers to set financial goals, create budgets and manage spending.
Launched in February 2018, the "artha by first direct" app was the very first open banking collaboration in the UK between a large bank (HSBC) and a FinTech.
First Direct found that customers who had connected two or more accounts to the app engaged on average 68% more than those with only one account connected.
The Bud app builds a customer's financial world service by service through one app.
Bud has built all new products that help customers save money on bills, improve their credit history and get a better understanding of their financial position - all using the same APIs available to our clients.
Bud is the trading name of Bud Financial Limited, a company registered in England and Wales (No. 9651629).
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Bud® is authorised and regulated by the Financial Conduct Authority under registration number 765768 + 793327.