HSBC, Goldman back U.K. open-banking startup Bud

HSBC Holdings PLC (HSBA.LN) and Goldman Sachs Group Inc. GS are among the investors in a $20 million funding round for U.K. banking-technology startup Bud. Bud said Monday that it will use the money to create the world’s largest team dedicated to the development of open-banking technology, connecting customers’ bank data with third-party applications and products.