The Big Exchange announces it is partnering with leading Open Finance platform Moneyhub to use the power of Open Banking technology
The new partnership is designed to help all of us understand how we are saving, spending and investing our money
Through the partnership The Big Exchange will further its ambition of helping everyone become more financially resilient and shape a better future together, using the power of their money
The partnership will allow The Big Exchange to use the Open Banking technology that Moneyhub provides to further its mission of creating, promoting and advancing a more inclusive financial system to deliver positive social and environmental impact
London, 26 January 2020 - The Big Exchange, the new online social, environmental and impact investment platform co-founded by The Big Issue, today announces a partnership with Moneyhub, the market leading data, intelligence and payments platform. The partnership will support The Big Exchange’s mission of creating, promoting and advancing a more inclusive financial system to deliver positive social and environmental impact.
Through the partnership, The Big Exchange will be able to further its mission of financial inclusion by helping everyone manage and save their money, no matter their circumstance, to further personal financial resilience in 2021.
Using Moneyhub’s Open Finance platform the aim is to allow the growing community of Big Exchangers to help shape a better future with their money.
Moneyhub’s purpose to enhance the lifetime financial wellness of people, their communities and their businesses, matches The Big Exchange’s own mission to improve financial inclusion in the UK and both companies are delighted to join as partners.
Jill Jackson, Managing Director of The Big Exchange, comments: “The Big Exchange is here to help everyone become more financially resilient and shape a better future – whatever that means for them and their own personal circumstances. Our partnership with Moneyhub gives access to leading Open Banking technology so we can deliver a meaningful and free money management service to our community at a time when it is most useful.”
Samantha Seaton, CEO of Moneyhub, comments: “With our shared commitment to financial wellness, partnering with The Big Exchange was an easy choice. At Moneyhub, we help people to understand their money and through our collaboration with The Big Exchange, they can sweep their spare cash into an investment designed to improve the world. A true win win situation for all.
“We are excited to be working with The Big Exchange and are developing some truly innovative products that will help everyone in the UK to grow money in a way that integrates social and environmental impact.”
Notes to editors
For further information, please contact:
David Sells/Eleanor Ross at Teamspirit for Moneyhub - moneyhub@teamspirit.uk.com / 07393 758446
Melissa Gilmour for The Big Exchange - melissa@bigexchange.com
About The Big Exchange
The Big Exchange is a movement of people who believe finance can be fairer for all. Founded in 2018 by The Big Issue with 13 partners today it has 40 funds on its online platform which have combined assets under management of £22 billion.
In October 2020, after three months of a successful BETA testing, The Big Exchange publicly launched as one of the UK's first actively-managed social and environmental impact investment platforms.
It is open to anyone seeking investments that benefit people’s lives and the planet without necessarily sacrificing potential financial returns.
Customers can set up a traditional individual savings account (ISA), a junior savings account (JISA) or a general investment account (GIA) and invest directly in expertly managed impact rated funds, or risk-rated fund bundles.
Any UK resident can access The Big Exchange via its website at www.bigexchange.com, which has been specifically designed to make it as easy as possible for everyone wanting to become a social or impact investor or to learn more about it.
Risk warning: Making money is not guaranteed when investing and your capital is at risk. Tax treatment depends on the individual circumstances of each client and may be subject to change. Past performance is not a reliable indicator of future results.
About Moneyhub
Moneyhub is the leading Open Banking and Open Finance platform that uses the power of data, intelligence and payments to enhance the lifetime financial wellness of people, their communities and their businesses. Moneyhub’s APIs and white label solutions help businesses - both within and outside of financial services - drive customer engagement through hyper personalised experiences.
The company takes consumer data security seriously and has been instrumental in the roll-out of Open Banking from its beginning. Leading the way in Open Finance since 2014, Moneyhub is authorised as AISP and PISP by the FCA, ISO-27001 certified, co-founder of FDTA and works on the Pension Dashboard and TISA Open Savings, Investment and Pension steering committees to put the power of data into the hands of those who own it: the consumer.
For more details, please visit www.moneyhubenterprise.com