Moneyhub offers the widest breadth of any provider with thousands of connections covering financial services globally
Moneyhub, the market-leading data and payments platform, has today announced it has become the first third-party provider (TPP) to connect to Co-op Bank, Smile Bank and Kroo Bank.
The Co-op Bank is the UK’s first ethical bank providing a range of banking products and services to c.2.7m retail customers, as well as providing business loans, credit cards and deposit products to a growing pool of UK businesses. Smile Bank, a trading division of the Co-op Bank, was the UK’s first, and original digital bank offering full-service current accounts, savings, ISAs, investments and credit cards.
Kroo Bank, a digital bank launched in December 2022 aiming to change banking for the better, offers customers a current account, an overdraft, deposit protection up to £85,000 and zero fees on spending abroad.
Moneyhub is a global provider of Open Banking account connectivity. In the UK alone it provides connections to thousands of institutions.
Moneyhub’s technology offers a simple solution to connect across current accounts, savings, loans, investments, mortgages, property valuations, automotive and pensions, providing a holistic view of an individual’s finances. It enables actionable insights through its smart nudges and machine learning.
Over 150m people have access to Moneyhub’s technology through their partners such as Aon, Standard Life, and SEI Investments, or directly through its personal finance app which can be accessed through the App Store, or Google Play.
Dan Scholey, CCO at Moneyhub comments: “Our users have been increasingly asking for connections to Co-op, Smile and Kroo, so we’re delighted to announce that we have become the first TPP in the UK to connect with them via Open Banking.
“We want to ensure that we continue to offer our users the most comprehensive set of connections in the UK to ensure they can see a true, holistic view of their finances on the app or through one of our partners’ platforms. Only with a holistic view can we truly make informed decisions on our finances, receive personalised advice and guidance, and ensure we are all prepared for later life.”
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Notes to editors
Contacts
Ingrid Anusic Eleanor Ross
Marketing Director, Moneyhub Senior Account Director, Teamspirit (Moneyhub PR Agency)
ingrid.anusic@moneyhub.com ERoss@teamspirit.uk.com
M: +44 783 722 6553 M: +44 7393 758 446
Research Methodology
Research conducted by Censuswide among 1004 pension savers. The research fieldwork took place between 2nd August and 7th August 2023. Censuswide abides by and employs members of the Market Research Society and follows the MRS code of conduct which is based on the ESOMAR principles.
About Moneyhub
Moneyhub is a data, intelligence, and payments company which develops ISO 27001 certified software for Open Banking, Open Finance, and Open Data applications. Its FCA-regulated Open Data platform enables companies to quickly and easily transform data into personalised digital experiences and initiate payments. Its APIs and fully customisable platform provide data aggregation, insights, notification nudges, and payment systems. As a result, clients have the consent-driven data and analytics they need to create super-personalised offers, products, and services. Hundreds of organisations, spanning finance to media and retail, rely on Moneyhub’s award-winning technology.
For more information, please visit www.moneyhub.com.