The UK-based financial data intelligence platform received an AIS Provider license.
The company aims to expand its team in Vilnius, which became a "mature fintech hub."
Bud
Financial, a London-based financial data intelligence platform, is set to
establish a European hub in Vilnius after receiving an Account Information
Service (AIS) Provider license from the Bank of Lithuania.
Bud Financial Expands
European Presence with New Lithuanian Hub
The newly
granted license enables Bud to collaborate with financial institutions across
the European Economic Area (EEA), opening up new market opportunities. Established
last year, the company's Lithuanian office will focus on technical and risk
roles to support its growth in the region.
Founded in
2015, Bud has evolved from a consumer financial education platform to a B2B
data intelligence service provider. The company's AI-powered service processes
over 50 billion transactions, offering insights that enable clients to
personalize customer experiences, enhance marketing strategies, and improve
credit risk management.
"This
license is more than a regulatory milestone,” Edward Maslaveckas, Co-Founder
and CEO of Bud, commented. “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
underutilized customer data."
Lithuania's
selection as Bud's European base was influenced by several factors, including
access to skilled technology professionals with financial experience, a robust
financial ecosystem, and a mature regulatory environment. This is confirmed by
the opinion of Elijus Čivilis, General Manager at Invest Lithuania, who
describes the country as a "mature fintech hub" and a "growing
hotspot" for AI technology development.
The
company, which currently employs around 100 people across the UK, US, and
Lithuania, plans to expand its Vilnius team in line with regulatory
requirements and commercial growth in the region. Bud has already hired
technical and compliance team members in Vilnius and intends to further
strengthen its presence with additional hires in compliance, data analysis, and
commercial functions.
“Our
platform leverages AI, machine learning, and natural language processing
technologies for in-depth analytics,” commented Tadas Miniotas, Engineering
Director and Bud Lithuania CEO. “With over 50 billion transactions processed,
our intelligence helps clients hyper-personalise their customer experience,
create impactful marketing to win greater share of wallet, and manage credit
risk more effectively.”
In the past, Bud successfully secured funding from many prominent giants in the financial market. In 2019, it successfully completed a Series A funding round worth $20 million, which included participants such as HSBC, Goldman Sachs, and ANZ.
Lithuania Attracts
Financial Sector Companies
According
to the Invest Lithuania report titled “Fintech Landscape”, as of the
end of 2023, there were 276 fintech companies operating in Lithuania, showing a
consistent upward trajectory from just 55 in 2014. Among those who established
a presence in Lithuania years ago is the British neobanking giant, Revolut.
Lithuania
has been particularly successful in attracting businesses focused on blockchain
and cryptocurrencies. The percentage of such companies rose from 8% in 2022 to
13% in 2023. An example of one such company is the crypto bank Meld, which
recently obtained a virtual asset service provider license in Lithuania. In
March of this year, it expanded its offerings to include tokenized real-world
assets (RWAs).
The local
market also saw the arrival of the Bitget exchange, which in recent months has
been focusing on expanding its offerings in Europe
Bud
Financial, a London-based financial data intelligence platform, is set to
establish a European hub in Vilnius after receiving an Account Information
Service (AIS) Provider license from the Bank of Lithuania.
Bud Financial Expands
European Presence with New Lithuanian Hub
The newly
granted license enables Bud to collaborate with financial institutions across
the European Economic Area (EEA), opening up new market opportunities. Established
last year, the company's Lithuanian office will focus on technical and risk
roles to support its growth in the region.
Founded in
2015, Bud has evolved from a consumer financial education platform to a B2B
data intelligence service provider. The company's AI-powered service processes
over 50 billion transactions, offering insights that enable clients to
personalize customer experiences, enhance marketing strategies, and improve
credit risk management.
"This
license is more than a regulatory milestone,” Edward Maslaveckas, Co-Founder
and CEO of Bud, commented. “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
underutilized customer data."
Lithuania's
selection as Bud's European base was influenced by several factors, including
access to skilled technology professionals with financial experience, a robust
financial ecosystem, and a mature regulatory environment. This is confirmed by
the opinion of Elijus Čivilis, General Manager at Invest Lithuania, who
describes the country as a "mature fintech hub" and a "growing
hotspot" for AI technology development.
The
company, which currently employs around 100 people across the UK, US, and
Lithuania, plans to expand its Vilnius team in line with regulatory
requirements and commercial growth in the region. Bud has already hired
technical and compliance team members in Vilnius and intends to further
strengthen its presence with additional hires in compliance, data analysis, and
commercial functions.
“Our
platform leverages AI, machine learning, and natural language processing
technologies for in-depth analytics,” commented Tadas Miniotas, Engineering
Director and Bud Lithuania CEO. “With over 50 billion transactions processed,
our intelligence helps clients hyper-personalise their customer experience,
create impactful marketing to win greater share of wallet, and manage credit
risk more effectively.”
In the past, Bud successfully secured funding from many prominent giants in the financial market. In 2019, it successfully completed a Series A funding round worth $20 million, which included participants such as HSBC, Goldman Sachs, and ANZ.
Lithuania Attracts
Financial Sector Companies
According
to the Invest Lithuania report titled “Fintech Landscape”, as of the
end of 2023, there were 276 fintech companies operating in Lithuania, showing a
consistent upward trajectory from just 55 in 2014. Among those who established
a presence in Lithuania years ago is the British neobanking giant, Revolut.
Lithuania
has been particularly successful in attracting businesses focused on blockchain
and cryptocurrencies. The percentage of such companies rose from 8% in 2022 to
13% in 2023. An example of one such company is the crypto bank Meld, which
recently obtained a virtual asset service provider license in Lithuania. In
March of this year, it expanded its offerings to include tokenized real-world
assets (RWAs).
The local
market also saw the arrival of the Bitget exchange, which in recent months has
been focusing on expanding its offerings in Europe
Damian's adventure with financial markets began at the Cracow University of Economics, where he obtained his MA in finance and accounting. Starting from the retail trader perspective, he collaborated with brokerage houses and financial portals in Poland as an independent editor and content manager. His adventure with Finance Magnates began in 2016, where he is working as a business intelligence analyst.
Ebury Kicks Off Partnership with AS Monaco for Upcoming Ligue 1 Season
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
Transformation in the APAC Trading Landscape and Beyond | FMPS:24
As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
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Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
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As the financial services industry experiences rapid and transformative changes, leading fintech experts and policymakers come together to discuss the present and future of retail trading and the evolving regulatory landscape. Join this insightful session for a forward-looking perspective on the trends, innovations, and trader needs that are shaping the future of offerings on a global scale.
Speakers:
Eric Blewitt, CEO, Investment Trends
Rhys Bollen, Senior Executive Leader, Digital Assets, Australian Securities and Investments Commission (ASIC)
Michael Bogoevski, Head of Institutional Sales, CMC Connect
Karin Setchell, General Manager, Product & Investing Solutions, CommSec
#fmps #fmps24 #fmevents #RetailTrading #FintechInnovation #FinancialRegulation #DigitalAssets #GlobalFinance
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
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Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
Executive Interviews with Joe Li & Simon Naish | ATFX | FMPS:24
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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🐦 Twitter: https://twitter.com/F_M_events
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In this Finance Magnates Executive Interview, Joe Li, Chairman at ATFX and Simon Naish, Country Head of Australia at ATFX Connect, discuss ATFX’s strategic growth in the APAC region, particularly focusing on their institutional arm, ATFX Connect. They highlight the importance of Australia as a strategic hub, the challenges of operating in a highly competitive and regulated market, and their plans for regional expansion across APAC. The conversation touches on the integration of advanced technology and multi-asset offerings, the significance of optimal execution tools, and the importance of tailoring solutions to meet the sophisticated demands of institutional clients. They also emphasize their strong regulatory compliance and their commitment to enhancing client experience through innovative tools and infrastructure.
#fmps #fmps24 #fmevents #ATFXConnect #APACFinance #InstitutionalTrading #FinancialTechnology #MarketExpansion
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
📸 Instagram: https://www.instagram.com/fmevents_official
🐦 Twitter: https://twitter.com/F_M_events
🎥 TikTok: https://www.tiktok.com/@fmevents_official
▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
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Ready to Scale? Regtech in Australia, A Global View | FMPS:24
Ready to Scale? Regtech in Australia, A Global View | FMPS:24
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Don't miss out on our latest videos, interviews, and event coverage.
Subscribe to our YouTube channel for more!
In the effort to elevate Australian fintech on the global stage, RegTech presents a unique and compelling case. Despite the increasing demand for robust compliance solutions, Australia's RegTech sector—ranked third-largest globally—remains underfunded. Join this insightful fireside chat to explore the future of Australia’s RegTech hub and its global potential.
Key discussion points include uncovering the hidden opportunities in RegTech that VCs are overlooking, the necessary steps for increased governmental support, the readiness of the local ecosystem to collaborate across global regulatory regimes, and lessons learned from other leading fintech hubs around the world.
Speakers:
Dickie Currer, National Lead, Tech Australia Advocates
Deborah Young, CEO, The RegTech Association
#fmps #fmps24 #fmevents #RegTech #Fintech #AustralianFintech #GlobalCompliance #TechInnovation
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents
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Resilience in Trading: From Third Class To World Class | FMPS:24
Resilience in Trading: From Third Class To World Class | FMPS:24
Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official
Don't miss out on our latest videos, interviews, and event coverage.
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Join Mario Singh, Founder and Chairman of Fullerton Markets, as he shares his life story, highlighting the traits that were required starting without financial knowledge to become a financial and trading expert recognised by world-renowned media like CNBC & Bloomberg.
#fmps #fmps24 #fmevents #trading #onlinetrading #tradingexpert #tradingjourney
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates.
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IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
IBs and Brokers: The Good, The Bad, The Ugly | FMPS:24
For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
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For most brokers, IBs and trading educators are invaluable partners, driving highly targeted traffic from key regions. However, without proper management, these relationships can quickly turn sour. In this session, gain an insider’s perspective on the types of licenses IBs need in APAC, the crucial details in IB agreements that both parties must scrutinize, common disputes between IBs and brokers and effective resolutions, and the pros and cons of transitioning from IB to broker.
Speakers:
Melody Gao, Senior Lawyer, Sophie Grace
James Perry-Keene, Head of Strategic Partnerships, Pepperstone
Christopher Balanzategui, CEO, N3tworx
#fmps #fmps24 #fmevents #IBAgreements #BrokerPartnerships #TradingIndustry #APACFinance #FinancialRegulation
📣 Stay updated with the latest in finance and trading!
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