Nymbus Partners with Bud Financial on AI-Powered PFM

Nymbus Partners with Bud Financial on AI-Powered PFM

A partnership between Nymbus and Bud Financial will make AI-powered personal financial management (PFM) solutions available to customers of community banks and members of credit unions.

A full-stack banking platform for banks and credit unions in the US, Nymbus will embed Bud Financial’s suite of personal financial management (PFM) widgets directly into its banking platform. This will give customers and members greater visibility into their finances and equip them with relevant content and financial tools to help them better manage their money. Bud Financial’s transaction data enrichment and AI-driven insights provides categorized, contextual data that enables banks and credit unions to offer more tailored, personalized experiences.

“We’re thrilled to be partnering with Nymbus as they continue to transform banking for community institutions across the US,” Bud Financial CEO Edward Maslaveckas said. “Together, we’re enabling their clients to move beyond legacy data into a new era of intelligent, insight-driven banking. This collaboration reflects our shared belief that better data leads to better outcomes—for financial institutions and their customers alike.”

Nymbus’ partnership with Bud comes in the wake of the firm’s launch of Nymbus Engage. Engage is a new customer engagement solution designed to help community banks and credit unions use data to build better long-term relationships with their customers and members. Integrating Bud’s PFM tools extends Nymbus’ strategy by empowering financial institutions to offer more personalized initiatives to build customer loyalty. In their partnership announcement, the companies noted that the first Nymbus client deployment powered by Bud Financial is already underway. A wider rollout is expected over the weeks and months to come.

“This integration supports our mission of providing banks and credit unions with the tools they need to grow, differentiate, and deliver modern, personalized banking experiences,” Nymbus CEO and Chairman Jeffrey Kendall said. “Bud’s AI-driven enrichment unlocks a new level of insight from transaction data, and we’re excited to bring this to our clients.”

Founded in 2015, Nymbus is headquartered in Jacksonville, Florida. The company has presented its technology at both Finovate’s developer conference, FinDEVr, as well as Finovate’s flagship series, most recently demoing at FinovateFall 2023 in New York. Nymbus offers financial institutions a single, scalable platform that delivers core banking, digital services, lending, onboarding, and analytics.

Bud Financial is the second Finovate alum Nymbus has partnered with this year. The company began 2025 announcing a strategic agreement with Digital Onboarding (FinovateFall 2018) to provide community banks and credit unions with better marketing and analytics capabilities to enhance customer and member engagement.

Making its Finovate debut at FinovateFall 2023 in New York and returning a year later for FinovateFall 2024, Bud Financial enriches transactional data to provide actionable insights and readable inputs for large-language models (LLMs) in banking and financial services. The company, headquartered in London, has processed tens of billions of transactions since its launch in 2015.

In addition to its partnership with Nymbus, Bud Financial has also forged partnerships in recent weeks with financial empowerment platform Fruition and adaptive financial infrastructure (AFI) platform XYB. In February, the company introduced its Intelligent Search capability that enables retail banking customers to search their transaction data for insights on spending and proactive suggestions on better money management.


Photo by Wade Austin Ellis on Unsplash

Bud Financial Inks Partnership with Fruition

Bud Financial Inks Partnership with Fruition
  • Financial empowerment platform Fruition announced a partnership with transaction enrichment and insights and analytics company Bud Financial.
  • The collaboration will enable Fruition to provide its members with enriched transaction data to help them budget better and make more insightful financial decisions.
  • Bud Financial made its most recent Finovate appearance at FinovateFall 2024 in New York. The company is headquartered in London.

Financial empowerment platform Fruition has teamed up with transaction enrichment and insights and analytics company Bud Financial to bring enhanced, personalized financial experiences to customers.

“This collaboration brings Fruition’s members control over their financial futures by leveraging AI-driven insights, relevant education and expert guidance, all underpinned by Bud’s market-leading financial models,” Bud CEO and Co-Founder Edward Maslaveckas said. “Fruition’s commitment to providing smarter financial guidance makes them the perfect first client of our exciting Intelligent Search capability. We can’t wait to see how Intelligent Search helps Fruition’s members to take control of their financial data and smash their financial goals.”

Fruition will leverage a pair of Bud Financial solutions—Enrich and Engage—to provide its members with enriched transaction data and intelligent, personalized financial insights to support more informed financial decision-making. Enrich is Bud’s transaction enrichment platform that enables companies to convert difficult-to-understand customer transactional data into easier-to-recognize transactions with accurate categorization and identifiable merchant names.

Engage offers “next generation” personal financial management that puts transaction data to work in personalizing the digital banking experience. The solution features an AI-powered transaction search feature—Intelligent Search—that enables customers to interact with their bank using natural language. The feature is built on AI-powered transaction intelligence and helps reduce contact center queries about unclear or disputed transactions.

Fruition’s Folio offering will use enriched transaction data from Bud to help members secure a comprehensive overview of their finances in a single interface—making budgeting easier. The integration will also enable Folio to deliver customized, targeted notifications to members based on their transaction data. Fruition members will be able to share their data in mentoring sessions which will enable mentors to personalize financial education and ensure that the guidance is both actionable and appropriate for the member’s financial circumstances.

“On average, we’re seeing that 42.6% of all transactions are being enriched more accurately with Bud than with our previous enrichment provider,” Fruition VP of Engineering Elliott Beaty said. “Our partnership with Bud helps us deliver on our promise of financial understanding and actionable insights. Better data for our members means more accurate understanding of their financial situation.”

A personal finance management platform that uses financial data to provide actionable insights, educational resources, and mentorships for consumers and employees, Fruition rebranded from Mentoro in October 2024. Last month, the company launched its Debt Paydown tool, which lies within Folio. The solution allows members to include all of their debts in a personalized debt repayment plan, visualize future repayment strategies, and quantify the interest potentially saved via the paydown plan.

Headquartered in London and founded in 2015, Bud Financial made its Finovate debut at FinovateFall 2023 and returned to the Finovate stage again last fall. At the conference, the company demoed its Drive solution which democratizes access to enriched data and actionable insights via AI-powered analysis and a Gen AI-based interface.


Photo by Chris Hardy on Unsplash

Fintech Rundown: A Rapid Review of Weekly News

Fintech Rundown: A Rapid Review of Weekly News

A holiday-shortened week begins with Independence Day in the US celebrated on Friday. Be sure to check with Finovate’s Fintech Rundown for the latest fintech news as the second half of 2025 gets underway in earnest!


Digital banking

Greece-based core banking vendor Natech raises $33 million in Series B funding.

Core banking platform Tuum forges strategic partnership with Romanian bank maib. Tuum won Best of Show at FinovateEurope 2024.

Qonto files for banking license as it reaches 600,000 customers.

Fraud prevention

Trade surveillance and financial risk solutions company Eventus partners with trading platform Blue Ocean Technologies.

Credit and analytics

SaaS commercial credit bureau CreditProtect goes live with support from Experian.

Financial empowerment platform partners with transaction enrichment and insights and analytics specialist Bud Financial.

Crypto and DeFi

Identity and payments platform Bolt unveils Bolt Connect to streamline the onboarding process for merchants and integrate stablecoin payments.

Wirex announces that its Wirex Pay Chain is now supported on digital asset and payments infrastructure platform Fireblocks.

Cryptocurrency trading platform Kraken secures a Markets in Crypto Assets (MiCA) license in Ireland.

Small business solutions

Spend management platform Spendbase introduces new digital banking and virtual cards.

Payments

InComm and NCR Atleos team up to launch a suite of new self-service ATM solutions across the US.

Papaya Global works with Citi to enhance global payments ecosystem.

Yaspa receives $12 million investment for its instant payment and identity services.


Photo by Chris Hardy on Unsplash

FinovateFall 2024 Sneak Peek Series: Part 6

A look at the companies demoing at FinovateFall in New York on September 9 and 10. Register today using this link and save 20%.

Bud Financial

Bud Financial is a transaction intelligence platform transforming raw financial data into rich actionable insights with added customer context and readable outputs for LLMs.

Features

  • Link: Connect consumer debt accounts with a phone number
  • Guide: Provide the best next action to improve financial outcomes
  • Act: Money-saving actions taken in-app by customers

Who’s it for?

Banks and financial institutions

Eisen

Eisen offers account offboarding solutions for financial institutions, streamlining compliance with regulatory outreach, disbursement, and escheatment requirements.

Features

  • Save time on a complex process
  • Stop losing customers
  • Get proactive to reactivate inactives

Who’s it for?

Banks and credit unions.

Fin3 Technologies

Fin3 Technologies is the modern payment solution to physical checks. Fin3 is a trailblazer in the digital payments space and launched a new payment method, Digital Drafts, based on changes to payment law, specifically UCC 12.

Features

Fin3 Digital Drafts:

  • Replaces physical checks
  • Offers all the legal benefits of physical checks but is 100% digital
  • Integrates with core banking software

Who’s it for?

Banks, credit unions, insurance companies, SMBs, and others using physical checks.

ID-Pal

ID-Pal uses 100% AI-powered technology for real-time identity verification and OFAC screening, ensuring seamless customer onboarding, compliance, and zero access to customer data.

Features

  • Provides built-in AI document fraud detection
  • Delivers global coverage and streamlined OFAC compliance
  • Offers seamless integration options and fully customizable

Who’s it for?

Banks, neobanks, community banks, credit unions, payments providers, insurance companies, asset management companies, and financial institutions.

ModernFi

ModernFi helps banks and credit unions grow, retain, and manage their deposits through the ModernFi Deposit Network by enabling extended federal deposit insurance.

Features

  • Delivers first fully integrated and API-driven deposit network available to banks and credit unions
  • Offers first and only credit union focused deposit network
  • Provides powerful digital experience for depositors

Who’s it for?

Banks and credit unions.

MoneyKit

MoneyKit is a superaggregator, a universal API that intelligently aggregates data from multiple sources, maximizing institution coverage, connection success rates, and connection stability over time.

Features

  • Supports data from Akoya, Finicity, MX, Plaid, and Yodlee
  • Offers intelligent routing, data standardization, and enrichment across providers
  • Provides SDKs for the simplest integration of all time

Who’s it for?

Banks, credit unions, community banks, scaled fintechs, wealth management groups, payment providers, and IDV.

QuickFi

QuickFi is the first and only embedded finance platform in the market for secured commercial equipment lending.

Features

  • Offers 100% digital, end-to-end borrower self-service, with 24/7 access
  • Automates credit, contract structuring, business verification, and compliance
  • Completes transactions in minutes vs. days or weeks

Who’s it for?

Banks, equipment manufacturers, and equipment distributors.

Bud Financial Joins Akoya’s Open Banking Network

Bud Financial Joins Akoya’s Open Banking Network
  • Bud Financial, a data intelligence platform, has joined the open banking network of Akoya.
  • The move will help Bud Financial market its personalization solution and data insights to financial institutions.
  • Bud made its Finovate debut at FinovateFall 2023 in New York last year.

Data intelligence platform Bud Financial has joined the U.S. open banking ecosystem of Akoya. The move will make it easier for the company to enable financial services companies to offer their customers hyper-personalized financial experiences. The new resources will also help FIs take advantage of new growth and revenue opportunities.

“We’re really excited to bring together Bud’s AI banking personalization with Akoya’s unique data aggregation capabilities,” Bud CEO and Co-Founder Ed Maslaveckas said. “Banks and fintechs that work with Bud can leverage a full stack solution, bringing all consumer data into one place with access to tools that understand the data. This means anyone within a financial institution can create hyper-personalized experiences or insights, improving cross and up-sell of products.”

The combination of Bud’s AI-powered data enrichment techniques and Akoya’s secure and scalable open finance network of trusted data providers will offer FIs a number of major benefits. These include the ability to offer personalization at scale, enhanced personal finance management, data-driven risk management and cash flow analytics, as well as other efficiency gains that are achievable thanks to deep insights into customer data.

“Increased transparency, enhanced customer experiences, and streamlined operations are just a few of the ways this partnership will deliver real value,” Akoya CEO Behram Panthaki said.

Bud is the second Finovate alum that Boston, Massachusetts-based Akoya has partnered with this year. Last month, Akoya announced a strategic partnership with white-label data platform 9Spokes, which won Best of Show in its Finovate debut at FinovateSpring 2023. 9Spokes aggregates permissioned business data from multiple sources to help companies improve financial management and strategic decision-making. The Auckland, New Zealand-based firm was founded in 2012.

Founded in 2015 and headquartered in New York, Bud made its Finovate debut last year at FinovateFall in New York. At the conference, the company showed how its generative AI platform can transform bank data into a comprehensive financial picture with customer-level, transaction-level, and portfolio-level insights to power better decision-making. Bud securely enriches 300 million transactions a month and boasts that “zero” of its 100+ employees across four countries have access to client data.


Photo by Pixabay

FinovateFall 2023 Sneak Peek: Bud

FinovateFall 2023 Sneak Peek: Bud

A look at the companies demoing at FinovateFall in New York on September 11 and 12. Register today and save your spot.

Bud makes financial decisions simple by turning transactional data into rich customer insights. It enables lenders to get an accurate picture of a borrower’s income, expenditure and credit in realtime.

Features

  • Hyper-personalized insights fueled by generative AI
  • Strategic, smart segment growth unleashed
  • Efficient decision-making grounded in realtime data

Why it’s great

Supercharge personalization, deposits and growth with generative AI for financial services.

Presenter

Edward Masaveckas, CEO & Founder
Maslaveckas is CEO and Co-Founder at data intelligence fintech Bud Financial (Bud). Under his leadership, Bud has grown to some 120 people and secured more than $100M in investment.
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