mmob announces the addition of a wave of new partners

By Joy Dumasia

mmob has announced the addition of a wave of new partners to its open finance network. Including prominent brands such as PensionBee, Upside, and Glint Pay, the latest signings enable banks and large FinTechs to quickly and easily embed a plethora of services to their online ecosystems from a range of industries, including pensions, alternative payment offerings, money transfers, multiple types of insurance, cashback, and household services.

The new additions to its open finance partnership platform see mmob making strides to becoming the UK’s first SuperApp-as-a-Service (SAaaS) provider. The growth of mmob’s network ensures banks looking to offer compelling, complementary products can do so with a single line of code and directly compete with digital challengers like Starling and Monzo.

mmob’s open finance platform has been engineered to eliminate the complexity, time, and resources financial service providers need to select and deploy partner-driven services. Financial institutions can quickly and easily connect to mmob’s network of third-party partners (TPPs) and embed new services that drive customer engagement and retention through its API. In return, mmob’s TPPs gain rapid access to new verticals.

The full list of new partners includes online pension provider: PensionBee, online money transfer service: Glint Pay, frictionless cashback provider: Upside, household services platform: Homebox, mobile insurance provider: So-Sure, the insurance companion: Anorak, and InsurTech provider: Uinsure.

Irfan Khan, CEO, mmob, said: “Research from McKinsey Digital suggests that people are increasingly seeking simple, holistic, embedded offerings and are flocking to multiproduct customer experiences. As the financial services landscape becomes more decentralised and fragmented, it is essential that financial institutions can find ways to retain customers by keeping them engaged. We’ve seen the success that super-apps such as WeChat have achieved and wanted to find a simple way for the banking and FinTech sectors to quickly and easily add services to their digital platforms. I’m extremely proud of how quickly our offering is growing and look forward to launching our second cohort of connected partners within the coming months.”