Goldman Sachs Joins HSBC For $20 Million Bet On Bud’s AI-Powered Bank Accounts

“Some of the world’s biggest banks today joined forces to invest in a London-based startup determined to change our relationship with money.

Bud, cofounded by Ed Maslaveckas and George Dunning, provides open banking technologies to high street players, with a particular focus on AI and “smart accounts.”

Bill switching is another battleground that the CEO mentioned to Forbes last year and which appears to be gaining momentum—Monzo recently announced simplifying bill switching is a feature it’s “exploring,” while auto-switching service Look After My Bills secured a £4 million valuation on the BBC’s Dragon’s Den last year.”

https://www.forbes.com/sites/oliversmith/2019/02/03/goldman-sachs-joins-hsbc-for-20-million-bet-on-buds-ai-powered-bank-accounts/#2cd9d3f67ffd

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