Adrian JohnsonTLDR: Moneyhub has become the first third-party provider to connect to Co-op Bank, Smile Bank, and Kroo Bank through open banking. Moneyhub is a global provider of Open Banking account connectivity and offers a simple solution to connect across various financial services. The platform currently provides connections to thousands of institutions in the UK, and over 150 million people have access to its technology through their partners or directly through its personal finance app.
UK-based data and payments platform, Moneyhub, has announced that it has become the first third-party provider (TPP) to connect to Co-op Bank, Smile Bank, and Kroo Bank through open banking. Moneyhub’s technology offers a simple solution to connect across current accounts, savings, loans, investments, mortgages, and more, providing a holistic view of an individual’s finances. Moneyhub currently provides connections to thousands of institutions in the UK alone and over 150 million people have access to its technology through their partners or directly through its personal finance app.
Co-op Bank is an ethical bank in the UK that offers a range of banking products and services to retail customers, as well as business loans, credit cards, and deposit products to UK businesses. Smile Bank, a trading division of Co-op Bank, offers full-service current accounts, savings, ISAs, investments, and credit cards. Kroo Bank, a digital bank launched in December 2022, offers customers a current account, an overdraft, deposit protection up to £85,000, and zero fees on spending abroad.
Moneyhub’s technology enables actionable insights through its smart nudges and machine learning. With a holistic view of their finances, users can make informed decisions, receive personalized advice and guidance, and prepare for their financial futures. The addition of Co-op Bank, Smile Bank, and Kroo Bank connections to Moneyhub’s platform ensures that users have a comprehensive set of connections in the UK to provide a true, holistic view of their finances.
Key Takeaways:
- Moneyhub is the first third-party provider to connect to Co-op Bank, Smile Bank, and Kroo Bank through open banking.
- Moneyhub’s technology provides connections across various financial services and offers a holistic view of an individual’s finances.
- Co-op Bank offers a range of banking products and services to retail customers and businesses, while Smile Bank and Kroo Bank provide digital banking services.
- Moneyhub’s platform enables actionable insights through smart nudges and machine learning.
