Moneyhub is partnering with financial health pioneer Otto to enable next-generation employee wellbeing benefits. Thanks to Moneyhub’s Open Finance connections to the largest number of financial services providers, as well as its smart analytics, users of Otto’s financial dashboard can now see the full scope of their finances, enabling deep insights that lead to greater financial health.
Moneyhub has launched an innovative new feature that makes it easier than ever for consumers to set personal financial goals and optimise their money. Wealth managers, pension providers and other financial services clients of Moneyhub can use these new 'Challenges' and 'Sweeping' tools to enable their customers to move, or 'sweep,' money effortlessly between their accounts
Moneyhub is partnering with Legado to provide Legado’s encrypted personal Digital Vault services to Moneyhub’s clients. Wealth management and pension clients that send out millions of account statements and policy documents to their customers each year by post, can now send the documents securely and electronically via Moneyhub.
Moneyhub, the market-leading Open Banking and Open Finance data, intelligence and payments platform, is one of the first Open Banking providers in the UK to connect to Triodos Bank, the financial and banking service provider for savers, investors and organisations who want to change the world for the better.
OneBanks, the shared branch banking innovator, has today announced a partnership with Moneyhub, the market-leading Open Finance data, intelligence and payments platform, which will support its key ambition to preserve access to everyday banking services for UK communities impacted by bank branch closures.
Level Financial Technology, a financial health platform, has used Open Finance technology from Moneyhub, a market leading data and intelligence platform, to support their PFM app for 41,000 employees at business process outsourcing and professional services company Capita.
Over half of CEOs at Building Societies view Open Banking as an opportunity according to a new report produced by the BSA and Whitecap Consulting. Moneyhub, the market leading Open Finance data, intelligence and payments platform and contributor to the report has called for Building Societies to capitalise on the Open Banking opportunity.
Bristol-based fintech business Evershare has launched a QR-code based donations tool for charities, with payments powered by Moneyhub’s Open Banking payments API, which initiates direct bank to bank payments. This removes the need and cost of traditional card based solutions, enabling charities to keep more of the money gifted.
Sam is already a member of the MaPS Pension Dashboard Steering Group aimed at improving consumer knowledge on their pensions
Moneyhub is the only UK provider currently offering Open Finance connections to consumer and enterprise clients
TISA’s Open Savings, Investments and Pensions Steering Group aims to deliver a common set of standards and APIs to facilitate better data-sharing among firms, resulting in benefits for the end consumer
Samantha Seaton, CEO of market leading Open Finance data, intelligence, and payments platform Moneyhub is set to join The Investment and Saving Alliance’s (TISA) Open Savings, Investments and Pensions (OSIP) Steering Group.
In January 2019, TISA’s OSIP Steering Group set out to enable customers to access the full picture of their finances by bringing Open Finance into reality. This includes delivering a common set of standards and APIs to facilitate better data-sharing among businesses. This data sharing enables businesses to more effectively serve customers and develop the products and services that work best for them.
As CEO of Moneyhub, the only UK platform currently offering Open Finance connections to its customers and enterprise clients, Sam brings a wealth of hands-on experience of Open Finance to the Steering Group and her passion for the industry will help to shape Open Finance policy.
Other members of TISA’s OSIP Steering Group include Fidelity International, Hargreaves Lansdown, Morningstar, Royal Bank of Scotland/NatWest, and SS&C, amongst others.
Sam is already a member of the Money and Pension Service (MaPS) Pension Dashboard Steering Group which was set up to consider and work on the practicalities of the Pension Dashboard. The Pension Dashboard aims to be a universal tool in which individuals can see all their pensions in one place. Currently, it is estimated that there are 1.6million unclaimed pension pots worth £19.4 billion. (Source: Pension Policy Institute) The Pension Dashboard will make it easier for individuals to locate and view their pension pots.
Moneyhub was set up to take the stress out of money management, providing users with at-a-glance insights about their money. In the UK, the platform, powered by Open Finance, connects to hundreds of financial institutions, and enables customers to see and control all of their finances in one place including savings, pensions, investments, loans, mortgages, bank accounts, credit cards and even property values.
Originally designed as a direct to consumer app, Moneyhub Enterprise evolved to help other businesses support their clients’ financial endeavours and now works with start-ups, fintechs, employer benefit companies, charities, advisory firms and other organisations. Moneyhub has helped thousands of people to better manage their money, make smarter decisions and have a healthier financial future.
Samantha Seaton, CEO of Moneyhub comments: “For too long, our data has sat in other people’s hands. With the Moneyhub platform, it has been my mission to return consumer’s financial data and control back to them. Open Banking took us part way down this road, but on its own it’s not enough to give consumers an accurate view of their financial situation. Open Finance took us several steps further, allowing individuals to see their pensions, savings, investments altogether in one place. At Moneyhub we already offer Open Finance connections, but wider industry alignment is critical if we are going to enable people to take control of their financial futures.
“With no mandate or regulation for Open Finance yet, the work that TISA is doing to provide standards and accessible APIs is vital.
“I am looking forward to starting to work with the other members of TISA’s Open Savings, Investments and Pensions to help create this change and bring Open Finance to the forefront enabling better data-sharing practices across financial services providers.”
Harry Weber-Brown, Digital Innovation Director, TISA said: “We’re really pleased that Samantha has joined the steering group. She brings a wealth of experience and insight to the initiative. OSIP will make a real difference to people’s financial situations by ensuring that individuals can compare accounts more easily, automatically switch to a better rate, automate their savings or make more informed trade-offs about whether to save, invest, spend, borrow or consolidate.”
For further information, please contact:
David Sells/Eleanor Ross at Teamspirit for Moneyhub - moneyhub@teamspirit.uk.com / 07393 758446
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 https://www.moneyhubenterprise.com/.
About TISA
The Investing and Saving Alliance (TISA) is a unique, rapidly growing membership organisation for UK financial services.
Their ambition is to improve the financial wellbeing of all UK consumers. They do this by focusing the convening the power of their broad industry membership base around the key issues to deliver practical solutions and devise innovative, evidence-based strategic proposals for government, policy makers and regulators that address major consumer issues.
The Big Exchange, the new online social, environmental and impact investment platform co-founded by The Big Issue, today announces a partnership with Moneyhub, to support their mission of creating, promoting and advancing a more inclusive financial system to deliver positive social and environmental impact.
Moneyhub is collaborating with Aon plc to create its financial wellbeing app ‘Well One Money,’ which helps employers support employee financial wellbeing. Aon is using Moneyhub’s Open Finance data and intelligence platform with results showing that employees using the financial wellbeing app can save an average of £850 per year.
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