British multinational investment bank HSBC has signed a global deal with fintech Bud, that will give the bank access to the startup’s Open Banking aggregation, data intelligence and marketplace API services, according to IBS Intelligence.
The deal will see a phased rollout of Bud’s technology, initially within the first direct challenger brand. HSBC’s UK bank is set to follow suit later in 2020. The three-year agreement will also cover scope for rollout in other HSBC markets, and for access to Bud’s rent recognition and utility switching services.
Bud,a four-year-old fintech, provides a suite of digital tools built to help banks create services using Open Banking and AI. Its technology combines access to Open Banking with a data intelligence platform that adds useful context and information to the data passing through it.
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