Moneyhub adds Co-op, Smile Bank & Kroo Bank open banking connections
By Gloria Methri
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.
Co-op Bank is one of the UK’s ethical banks providing a range of banking products and services to 2.7 million retail customers, as well as providing business loans, credit cards and deposit products to a growing pool of UK businesses. Smile Bank, a trading division of the 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 is a global provider of Open Banking account connectivity. In the UK alone it provides connections to thousands of institutions. Moneyhub’s technology offers a simple solution to connect across current accounts, savings, loans, investments, mortgages, property valuations, automotive and pensions, providing a holistic view of an individual’s finances. It enables actionable insights through its smart nudges and machine learning.
Over 150 million people have access to Moneyhub’s technology through their partners such as Aon, Standard Life, and SEI Investments, or directly through its personal finance app which can be accessed through the App Store, or Google Play.
Dan Scholey, CCO at Moneyhub said, “Our users have been increasingly asking for connections to Co-op, Smile and Kroo, so we are delighted to announce that we have become the first TPP in the UK to connect with them via Open Banking. We want to ensure that we continue to offer our users the most comprehensive set of connections in the UK to ensure they can see a true, holistic view of their finances on the app or through one of our partners’ platforms. Only with a holistic view can we truly make informed decisions on our finances, receive personalised advice and guidance, and ensure we are all prepared for later life.”
IBSi Daily News Analysis
February 26, 2024
UAE banking pulse: robust growth and profitability signal positive outlookRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage