Moneyhub integrates with Monzo and Starling; Yolt reaches customer milestone
Financial management platform Moneyhub has integrated with the APIs of UK challenger banks Monzo and Starling, providing customers of these banks with “an holistic overview of all their financial assets through Moneyhub’s platform”.
Integration enables Monzo and Starling customers using the Moneyhub app to choose to link up current and savings accounts, credit cards, pensions, loans, mortgages, SIPPs, ISAs and investments. Moneyhub says its technology features the most data links of any aggregation provider in the UK.
Monzo and Starling users will have access to Moneyhub’s proprietary categorisation engine and personalised “Smart Nudges”, the fintech says, “empowering them to make well informed monetary decisions across all assets held and fulfil their financial wellbeing potential”.
Moneyhub is authorised by the UK regulators as an account information service provider (AISP), under the new PSD2 and open banking rules. It works with banks, investment managers, pension providers and employee benefit consultants to provide financial management white labelled solutions and APIs for their clients.
The company states it is poised to work with all the nine CMA banks when they go live, and is currently integrating with the six that are ready for open banking.
Meanwhile, Yolt, a financial management app from ING, says it has reached 250,000 users in less than a year. The “smart thinking money app” was launched in June last year, and enables users to view their accounts and credit cards in one place.
Yolt, too, has integrated with Monzo and Starling, and also with RBS and Lloyds Banking Group via open API.
Frank Jan Risseeuw, CEO of Yolt, says the app reached 100,000 users in the first six months and onboarded another 150,000 in the following three months.
“We couldn’t have achieved this milestone without the feedback and suggestions from our brilliant Yolt community,” he states. “We endeavour to listen to each and every one of our users as we continue with our aim to be the only money app that you need.
“We want to do all the hard work for our users, so they can get on with enjoying their lives.”