Savings Goals
API RECIPE
Empower your customers to effortlessly save for life's significant goals, from weddings to home improvements, with automated, personalised savings technology.
When even the cost of living feels high, life’s ‘extras’ seem even further out of reach.
Living in a world of higher day-to-day costs, the little (or big!) luxuries or milestone moments are even harder to financially absorb. Saving for non-essential goals becomes a daunting task, often requiring careful planning and long-term commitment. However, having clear goals in place can make a significant difference. Individuals who actively work towards well-defined financial goals are around 10 times more likely to succeed. Additionally, 83% of people who set financial goals feel better about their finances after just one year. Without these effective strategies to manage and grow their savings, these aspirations remain dreams rather than achievable realities.
Our solution
Simplifying savings for your customers
Our Savings Goals API provides a seamless, automated savings experience tailored to each individual's unique goals. By enabling your users to set up goals and track these against their spending and savings, we help your customers stay committed to their financial objectives, driving engagement and satisfaction with your banking services.
The core capabilities or the ‘ingredients’ that you’ll need to bring Savings Goals to life in your business, include:
Account Connection
Savings Goal Development
Savings Goal Tracking
A customer would walk through the following steps:
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Using Open Banking APIs, your customer is able to connect their current account and their savings accounts to your product, allowing the flow of data
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They can then set up a saving goal with a name, target amount, and any relevant notes
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They’re able to check in on their goals with a visual and detailed representation of their progress
“Our Savings Goals API supports people on their road of financial wellness, helping them both articulate and track their financial goals.”
Kim Jenkins, Moneyhub API MD
Pair their goals with action
Combine this Savings Goals recipe with our Smart Saving recipe, and you’re both providing the psychological motivation and the automated process to saving in a personalised and effective way.
Partnership through the process
We will meet to understand your business and products/service you’re offering
We’ll provide a proposal with the precise use of the ingredients and nudges, ensuring it works within your existing business architecture.
We continue to support you through the implementation, optimising as we go.
Ready to see it for yourself?
Have a look at our documentation or send along to your tech team.
