Bud’s Take on the Progress of Open Banking in the UK

In an interview with PYMNTS.com, the head of network and partnerships for Bud, Alan Walsh, talks about the state of open banking in the UK; he believes that traditional banks are coming around to the idea of collaboration with fintech companies because it makes the financial lives of consumer simpler; open banking can benefit banks by fostering trust with consumers; Walsh said, “This really is where traditional players are now starting to sell and position third-party products within their own ecosystem”. Source.