Cogo, the sustainability fintech that partners with financial institutions to help customers lower their carbon footprint, and Moneyhub, the award-winning data and payments platform built on Open Banking and Open Finance principles, are joining forces to help banks and financial institutions develop more ethical and sustainable financial wellness products to help support their customers in taking better decisions for their finances, lifestyle and the climate.
Savers with workplace pension schemes are significantly less likely to understand or engage with their pensions compared to their counterparts with personal pensions, according to new research from Moneyhub, the award-winning data and payments platform built on Open Banking and Open Finance principles.
Standard Life, part of Phoenix Group, the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the market-leading Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a commercial pensions dashboard.
The cost of living crisis is causing more young people to become dependent on the use of credit to manage their finances. In the last six months, 24% of under 35s have applied for an overdraft and 19% have applied for a payday loan, with 22% and 29% of those with personal loans and payday loans using these products to manage everyday expenses. With Consumer Duty looming, banks and other lenders will need to ensure customers are on the most suitable products for their circumstances.
Moneyhub, the award-winning data and payments platform built on the principles of Open Banking and Open Finance, has today announced a strategic partnership with MX Technologies, Inc., a leader in Open Finance in North America. This partnership enables Moneyhub and MX to leverage each company’s capabilities and networks to help drive positive outcomes for organisations and consumers in both Europe and North America.
Millions of homeowners could be at risk of defaulting on their mortgage if interest rates move upwards again according to new research from Moneyhub Decisioning, the data platform built on the principles of Open Finance to drive better affordability, eligibility, suitability and vulnerability checks.
Moneyhub, the award-winning Open Data platform and alpha partner to the Pensions Dashboards Programme (PDP), responds to today’s Government announcement. It has announced that statutory connection staging dates will be replaced with guidance to facilitate flexible roll out as organisations are ready and able to do so.
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