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Industry news, trends and the topics we’re all talking about
Industry news, trends and the topics we’re all talking about
If you've ever made a payment directly from your bank account to a merchant or service provider, it’s likely that a Payment Initiation Service (PIS) was part of the technology that made it happen. And as Open Banking becomes more widely used and understood, PIS will play an increasingly important role in how goods and services are paid for.
In 2024, Moneyhub became a Crown Commercial Service Supplier of Open Banking for the UK government. This allows us to help government agencies improve the financial wellness of people, their businesses and their communities. In this article, we’ll explore how Open Banking and Open Data APIs can help government agencies drive efficiency, reduce costs and improve services, and how Moneyhub could help.
To kick off 2024, we’re expanding our partnership to offer VOXI customers 12 months free access to our award-winning consumer app through VOXI Drop .
While financial wellbeing is being pushed up the business agenda, it is still the least covered area in HR strategies.
Proactively addressing employee financial wellness can help attract and retain top talent, foster a happier, healthier and more productive workforce and even reduce business costs.
During the last two decades, Open Banking has evolved from a niche concept to a significant force shaping the financial landscape in the UK. And it hasn’t hasn’t just been enabling high-tech systems and flashy apps. It’s changing the way businesses engage with and serve their customers.
In today's fast-paced digital world, people are seeking comprehensive and personalised solutions to manage their finances effectively. Furthermore, pension scheme members often struggle to engage with their pensions leading to low contributions and limited financial planning for retirement.
Many will be dealing with the financial and emotional impact of the festive season well into January and beyond. It takes an average of 4 months for people to get their finances into shape after Christmas.
As we step into the new year, financial goals are on British people’s mind, with one third (31%) resolving to get their finances in order in 2024 - reducing debt or spending and saving more.
Many people struggle to save towards their goals, sometimes relying heavily on credit to make purchases which could lead them into debt.
Christmas is only a payday or two away, and many people across the UK will be feeling the financial and emotional strain.
In the run-up to Christmas, our spending habits change. The Bank of England found that the typical UK household will spend £749 more in December than in other months - a 29% increase.
But, not everyone has that cash to spare.
Whether you want to create your own solution, or you want us to do it for you—we have the technology for it. Our experienced team is here to support you now and in the future.