59% of users would use Open Banking to pre-fill a wealth product application form if it saved time.
62% of savers would use a sweeping feature to automatically top-up a wealth product.
Remove customer friction- Instantly to onboard customers with accuracy, efficiency and speed.
Stop payment errors and instantly fund accounts- By verifying account ownership and using Bud's product, manual errors are eliminated during the payment process and accounts are paid instantly.
Streamline income and expenditure reports- A single allows you to streamline your fact-finding process, reduce cost-to-serve, and speed up onboarding.
Identify dormant funds – Identify "lazy cash" using Bud's transaction layer, then provide users with contextual top-up prompts and an instant payment channel to complete them.
Detect next best action – Identify windfalls or significant changes in users' financial situations and create prompts for additional payments into an investment or savings account.
Segment your customers for more relevant product offers – Use financial data to help customers achieve their goals by matching them with the products that best suit their situation. Export data to and keep all your touchpoints personal and relevant.
Users' pensions in one view – Bud's participation in the government's pensions dashboard scheme provides a unique opportunity for wealth firms to become leaders in retirement planning.
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.