Moneyhub provides an Open Data platform that enables businesses to access financial data APIs and initiate secure payments through regulated Open Banking technology. This solution allows organizations to enhance customer engagement and streamline financial decision-making while ensuring compliance with data legislation and consumer consent.
Funding
$18.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many businesses struggle to efficiently access and utilize customer financial data due to data silos, complex regulatory landscapes, and the need for explicit consumer consent. This makes it difficult to create personalized digital experiences, streamline financial decision-making, and offer tailored services.
Solution
Moneyhub offers an Open Data platform that provides businesses with secure access to financial data APIs and enables initiation of payments through regulated Open Banking technology. The platform allows companies to transform raw data into personalized digital experiences, improve customer engagement, and simplify affordability checks. By connecting to thousands of financial institutions across multiple countries, Moneyhub provides a holistic view of customer financial habits while ensuring compliance with data legislation and consumer consent. The platform offers both pre-built APIs and a customizable platform, allowing businesses to create their own solutions or leverage Moneyhub's expertise.
Target Audience
Moneyhub's primary customers include financial institutions, employee benefit consultancies, pension companies, wealth managers, lenders, retailers, and insurance companies seeking to improve customer engagement and streamline financial processes.
Features
- Access to financial data APIs for various financial institutions.
- Open Banking payments initiation.
- Customizable engagement platform for financial services.
- Solutions for pensions, savings, and investment management.
- Business decisioning solutions for affordability, eligibility, suitability, and vulnerability assessments.
- Global Open Data connections to financial institutions in 37 countries.
- ISO 27001 certified Open Data platform.
- Proprietary direct connections and aggregation of aggregators for comprehensive data coverage.