We’re excited to announce that Bud Financial (Bud) is taking a bold step forward by launching our sophisticated AI-powered banking personalisation platform in the European market.
Bud has been granted the account information service (AIS) licence needed to operate in Europe via the Bank of Lithuania.
This move not only represents our continued growth but also provides Bud with the opportunity to offer regulated services across Europe through ‘passporting’. To bolster our European operations, we've also set up a regional office in Lithuania.
Our expansion from our UK and US outposts represents a major leap in our journey. Bud's AI platform is renowned for transforming raw transaction data into customer insights. Banks and fintech companies across Europe can now benefit from our data enrichment and hyper-personalisation capabilities, finding efficiencies and new ways to grow.
The authorisation by the Bank of Lithuania is a testament to our dedication to compliance, security and innovative outcome-driven solutions. With a decade of data analysis experience, we're on a mission to make banking more personal, prioritizing the needs and experiences of banks and their customers.
"We’re excited to bring our AI-powered personalised banking platform to Europe and work alongside some of the most dynamic players in the financial industry," said Edward Maslaveckas, our Co-Founder and CEO. "This licence is more than a regulatory milestone. It’s a chance for forward-thinking European banks and fintechs to work with Bud and make a real difference to their customer experience, and their bottom line, by making the most of otherwise underutilised customer data.”
Our footprint is already forming in Lithuania, with key hires such as regional CEO and Engineering Director, Tadas Miniotas, among others. Anticipating a vibrant future here, we’re set to recruit in compliance, data analysis, engineering and commercial roles – all to expand our influence and continue innovating in the European financial landscape.
