Moneyhub today announced that it has been chosen by Nationwide to create new spending insights for all of Nationwide’s 16 million customers across the UK.
Moneyhub’s AI-driven Categorisation and Enrichment engine will analyse every transaction, from card payments to direct debits, driving granular insights that support better financial outcomes for all customers.
Nationwide’s customers will be able to access richer transaction details, including merchant identifications like websites or store specific contact details, plus location data showing where each payment was made.
These details help customers to better manage their personal finance and quickly identify fraudulent transactions so Nationwide can support them immediately.
Sri Kanisapakkam, Chief Data and Analytics Officer at Nationwide said: “At Nationwide our tech teams work to deliver fairer, more rewarding and more convenient banking, so selecting the right partners is crucial, to make sure we’re giving our customers the best experience possible. Moneyhub’s AI-driven tech will help enrich the data we’re giving back to our customers and set us up for success with even more personalised products and services in the future.”
Alastair McGill, CEO, Moneyhub comments, “Moneyhub exists to help our financial services clients’ build services that improve their customers’ digital experience and deliver better financial outcomes. Presenting retail customers with a fine-grained understanding of their income and expenditure is an essential part of this journey, so we’re delighted that Nationwide selected our Categorisation and Enrichment engine. We look forward to working with Nationwide as they continue to further enhance their customer engagement.”
Notes to editor
For media inquiries, please contact pr@moneyhub.com
About Moneyhub
Moneyhub empowers leading banks, pension providers, wealth managers and insurers to deliver intelligent, personalised financial journeys that build for real life, driving better outcomes and long-term customer relationships. With an API-first platform, Moneyhub offers enriched transaction data, AI-driven categorisation, decisioning, analytics, and payment initiation services. These embedded data services and applications help clients attract and retain customers, reduce operational costs, increase profitability, and improve financial wellbeing. Moneyhub is regulated by the FCA and certified to ISO 27001, underscoring its commitment to security, compliance, and innovation.
For more information, visit https://www.moneyhub.com
About Nationwide Building Society
Nationwide is the world’s largest building society, with over 16 million members. Following its acquisition of Virgin Money, The Nationwide Group is connected with one in three people in the UK and is the second largest provider of mortgages and retail deposits.
As a financial services provider owned by its members, not shareholders, Nationwide’s purpose is “Banking – but fairer, more rewarding, and for the good of society”. Each year, it gives 1% of its profits before tax to good causes.
For more information, visit https://www.nationwide.co.uk
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