Financial services aggregation platform provider Bud has announced the launch of its new SME / fintech platform. The API is now open through a self-service portal to all comers regardless of size and sector.
The new portal provides access to:
- Open Banking via Bud’s AISP licence
- A suite of enrichment APIs designed to help treat data more intelligently. These include microservices for transaction categorisation, transaction tagging, merchant identification; as well as the ability to isolate key transactions like regular payments, rent payments, utility bills and salaries.
- Access to all the elements of the connected marketplace necessary for completing rent recognition and utility switching journeys with more coming soon.
- Free access to a sandbox environment that combines Open Banking sandboxes from high street banks with dummy data and access to Bud’s API platform.
The company commented that it wants to drive down the cost of innovation both in terms of development time (through offering intelligence as a service), and in terms of the key commercial aspects.
Bud are confident that the commercial structure will make this the most cost-effective way of getting access to Open Banking on the market today.