We’re really excited to announce our new partnership with the Open Banking platform Moneyhub.
Moneyhub were one of the first services to offer secure Open Banking integrations globally, and this accessibility aligns perfectly with our mission of making financial advice accessible and affordable to everyone.
When you come to OpenMoney, whether that’s online, through our app or chatting to one of our financial advisers, we know it’s really important that you have a great experience with us.
The relaunch of our app back in January led to some exciting new features, but it also highlighted some ways in which we can improve the experience for customers downloading and registering on our app.
In partnering with Moneyhub to offer our account aggregation service, our app should become faster and more reliable as well offering new features.
This partnership will bring full Open Banking capability to our app, helping customers to get a complete view of their finances.
Users will be able to connect their bank accounts, saving accounts, investments, loans and other financial products at the touch of a button, now including full integration with Monzo and Starling.
Users can also look forward to instant balance and transaction information, as well as intelligent categorisation on items they buy.
Anthony Morrow, our CEO and co-founder, said: “We want to ensure that our customers can make the most of the new Open Banking rules by having a complete picture of their financial circumstances through the OpenMoney app. Customers will benefit from a wider range of provider integrations, faster transaction refresh times and accurate spending categorisation while continuing to receive our expert advice on their finances.”
Samantha Seaton, CEO of Moneyhub said: “The advice and engagement gap remains a significant challenge. In combining Moneyhub's Open Finance platform and OpenMoney’s technology, we can provide an innovative solution that is both intuitive, impactful, and cost effective for all. Open Banking changed the rules of the game, but Open Finance which in addition to current accounts also covers pensions, mortgages, investments and loans, will truly transform how everyone thinks about money. I'm inspired by what the OpenMoney team has achieved, so the opportunity to collaborate with them and develop our shared goal of promoting greater financial awareness and insight is exciting. OpenMoney firmly believe in making financial advice accessible to all - and I couldn't agree more. What an absolute treat to partner with such a like-minded team.”
We’ll be rolling out more new exciting features in the future through our partnership with Moneyhub.