back Back

Scottish Widows partners with Moneyhub on open finance features

By Gloria Methri

December 01, 2023

  • BeMoneyWell
  • Financial Accounts
  • Financial Wellness App
Share

Scottish Widows, Moneyhub, Open Finance, Lloyds Banking Group, FinTech, UKScottish Widows has partnered with Moneyhub to introduce Open Finance features to its app, allowing customers to view all their finances in one place.

From January 2024, customers with access to the Scottish Widows app will be able to connect their pensions with other financial accounts, such as current and savings accounts, stocks and shares products, loans, insurance policies and mortgages, including those held with other providers.

The functionality will lead to a more holistic and personalised view of a customer’s finances, giving them one complete view all within one app.

This feature builds on Lloyds Banking Group’s existing technology, which allows its retail customers who have a Scottish Widows pension to see it in their online banking apps.

In addition to allowing customers access to all their finances in one place through the partnership with Moneyhub, the app also provides financial wellness content and features provided by BeMoneyWell.

Graeme Bold, Workplace Pensions Director at Scottish Widows, said, “Against the backdrop of the current cost of living pressure, it is crucial to look for every opportunity to help people stay on top of their finances from day-to-day to longer term. With Moneyhub’s market-leading expertise in using data and digital connectivity to enhance financial wellness, this is the latest step we are taking to deliver on our strategy for the benefit of our customers and our shared goal to help people manage current financial challenges and build resilient futures.”

Samantha Seaton, CEO of Moneyhub, said, “We are thrilled to announce our collaboration with Scottish Widows to roll out the Moneyhub Platform APIs. With an initial focus on Open Banking and Open Finance connections, this will give consumers a holistic view of their finances alongside their pension and lead to more personalised experiences and outcomes. Working together, our existing and future propositions will enable better financial futures for consumers.”

Previous Article

December 01, 2023

NomuPay acquires payment solutions provider Total Processing

Read More
Next Article

December 01, 2023

PesoPay integrates Maya eWallet for merchant payments in the Philippines

Read More








IBSi Daily News Analysis

Saudi Arabia, banks,

February 26, 2024

BeMoneyWell

UAE banking pulse: robust growth and profitability signal positive outlook

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

REPAY teams up with Maxyfi to simplify the collection of payments

Read More

Today

Quaint Oak Bank taps Finzly for payment modernisation & embedded banking

Read More

Today

Tink to join Europe’s SEPA Payment Account Access scheme

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q4 2023
Know More
Wealth Management & Private Banking Systems Report Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023