Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1105584671
June 5 2018

Bud launches Open Banking API

Marc Shoffman Industry News, News, Open Banking API, Bud, Ed Maslaveckas, open banking

ACCOUNT aggregation app Bud has entered the Open Banking space with an application programming interface (API) that will eventually be open to all types of lenders such as peer-to-peer platforms.

The Bud Exchange, or Bud.X, will give firms access to its own marketplace, which features P2P lenders such as RateSetter and Zopa, as well as Open Banking infrastructure  – letting them set up payments and see a range of accounts on behalf of users.

The new portal will be guided by financial and technology companies including Wealthify, Scalable Capital and AJ Bell, but a spokesperson declined to comment on whether any P2P lenders were initially involved.

Read more: Open Banking: What you need to know

“Open Banking is going nowhere until the really compelling use cases start to surface,” Ed Maslaveckas, co-founder of Bud, said.

“Built on the premise that we can do more together, the exchange leverages our relationship with more than 70 connected partners to create a single place where designing these compelling experiences is simple and fast.

“The vision is to create a network of everything. This is only a first step but it’s one that will open up the possibilities that Open Banking offers and help boost innovation. Bud, at its core, is a collaborative company, so building this new tool with industry participation feels right.”

Read more: Security concerns remain stumbling block for Open Banking

Read more: Proplend and ArchOver join Bud club as aggregator approaches wealth managers

Light at the end of the tunnel for green energy P2P lenders Pressure mounts for Ranger board overhaul

Related Posts

Compensation on Clipboard. 3D Illustration.

Industry News, News, Top 3

LCF law firm responds to Treasury compensation scheme

FOLK2FOLK - Roy Warren MD - head crop (col)

Industry News, News, Top 3

Folk2Folk IFISA inflows up 200pc thanks to RateSetter transfers

Nausicaa Delfas

Industry News, News, Top 3

FCA’s Nausicaa Delfas named interim head of complaints watchdog

Popular posts:

  • Business Loan Network appoints administrators
  • Assetz Capital launches new bridging product
  • Funding Circle chief turns down £190,000 pay rise
  • Starling Bank ready to acquire a lending business
  • PwC brings fintechs together for collaboration
  • FCA director says “there is more change to come”
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by