Moneyhub

📢 Moneyhub has partnered with leading expense management platform, ExpenseOnDemand, to power a seamless, automated expense management experience. This new collaboration will help transform the way businesses handle credit card expenses by integrating intelligent Open Banking technology with a high level of customer support. 🚀 Driven by client demand for more reliable and broader Open Banking connections, enhanced functionality, and deeper financial insights, ExpenseOnDemand has made the strategic decision to move over to Moneyhub as their provider of Open Banking. This move strengthens their offering with broader aggregation, superior categorisation and enrichment, and best-in-class support—ensuring their clients benefit from a more powerful, efficient, and future-ready expense solution. Siddharth Nigam, Director of Product and Strategy at ExpenseOnDemand, comments: "Our integration with Moneyhub is a game-changer, bringing seamless credit card connectivity to ExpenseOnDemand across the UK, EU, and Australia. With real-time syncing and enhanced visibility, businesses can automate expense management like never before—saving time, reducing errors, and gaining full financial control." Watch the video to see how Moneyhub and ExpenseOnDemand are revolutionising credit card expenses: https://lnkd.in/eGrt_7n5 Read the full story here: https://lnkd.in/eQPscJzi

Today, our Pensions and Wealth Tech Sales Director, John Parker (IFA), will be speaking at the 9th Annual Digital Integration in Wealth Management conference in London! 🎤 John will be joining forces with Iain Cowell from Franklin Templeton to discuss "Maximising Financial Connectivity for Your Business", which will cover unlocking strategic financial insights, confidently accessing the right data and metrics to support decision-making, and using agile planning to enhance business strategies that connect portfolios, products, and teams. Make sure you check it out if you're there. https://lnkd.in/e2TUT6zn

We're looking forward to attending the sold out NextWealth Live event in London tomorrow. Look out for John Parker (IFA) and Paul Goodwin, who will be there to join the insightful sessions and connect with fellow delegates. We're also sponsoring the drinks networking reception from 5pm, so be sure to say hello if you're going!

Next Wednesday, we will be heading to FTT Lending in London, where our Sales Director Rick Biggs will be talking on "The Evolution of Lending: From Traditional to Modern Practices." If you’re at the event, we’d love to connect. Stop by Stand 3 and say hello. FTT Fintech, Mash Khan, Alexander Grimwood, Matthew Barr, John D.

Professional Adviser's Jenna Brown discusses the FCA’s recent commitment to take action on persistent poor outcomes for vulnerable customers. While there has been progress under the Consumer Duty, the FCA indicates that more work is essential and has urged financial services firms to ensure they are taking steps to identify vulnerable customers, monitor outcomes, and take effective action. Is more effective use of data the key to firms improving outcomes for vulnerable customers? 

📢 Pensions Dashboards Update! Yesterday, representatives from consultancies, technology providers, and pensions administrators were questioned by the Work and Pensions Committee in Parliament, which highlighted both challenges and opportunities in the development of commercial pensions dashboards. While the Government-backed Money Helper Dashboard offers a solution for finding and viewing pensions, it is commercial pensions dashboards that will drive broader engagement by providing context sensitive actions as well as being more readily available by integrating with apps that users already trust and use regularly. The session highlighted the restrictive regulations and ambiguous timelines set by the Government, which means private sector firms are struggling to justify investment in dashboard development, despite the desire to do so. This uncertainty may delay access to vital services to British consumers. For the benefits of pensions dashboards to be realised, this heavily depends on overcoming current regulatory and developmental challenges in the commercial sector. By doing so, private sector dashboards can significantly strengthen individuals' financial empowerment and preparedness for retirement. Advancing collaboration and refining regulatory policies are pivotal steps toward achieving these goals. Read the full story: https://lnkd.in/etUMQBYR Watch the full session here: https://lnkd.in/e53bnKGz Richard Smith

Our February update is here! Check it out for a look at: - Moneyhub’s involvement in “Making Smart Data happen”🚀 - Our latest research into the growing UK demand for more innovative payment methods 💰 - Commercial pensions dashboards: Making pensions inadequacy visible 🔎 - Two exciting partnerships: Money Squirrel and Payme 🐿️ - Where you can find us next 👀 #OpenBanking #OpenFinance #SmartData

📢 Moneyhub is thrilled to announce its partnership with Payme, an innovative payment solution tailored for small businesses, sole traders, and one-man bands. Due to launch later this year, the powerful yet straightforward app integrates Moneyhub's comprehensive payment capabilities, eliminating outdated practices like sharing bank details via text with customers and replacing them with modern, efficient and secure solutions. Payme's Founder, Fawaz Abdulrauf commented: "Our goal is to simplify open banking for the public. Partnering with Moneyhub allows us to focus on enhancing user experiences, educating the market, and making bank transfers a professional and convenient way for small and individual businesses to accept payments". Read the full story here: https://lnkd.in/eEphH676

This Thursday, we're heading to the The ABI Annual Conference in London. You'll be able to find us at Stand 3 so drop us a visit if you're there. Our CCO, Dan Scholey, will also be speaking in a session about regulation, which will delve into how regulators and industry can work together to address the challenges to growth and competitiveness. We look forward to seeing you there!

Our latest research has revealed growing consumer demand for more flexible and efficient payment solutions - demand that firms can meet through the adoption of Open Banking & VRPs 💳 Consumers now recognise the benefits of Open Banking payments - which allow secure, regulated transfers directly from and into bank accounts enabling faster and more cost-effective payments. We found that 45% feel comfortable using this payment type for regular bills and 39% express confidence in its use for large transactions. Additionally, 40% of consumers would like their banks to offer sweeping VRPs to unlock intelligent payments (automated transfers between accounts), showing an increasing appetite for smarter financial tools that fit around people’s lifestyles. Consumers are clearly ready for the next evolution in payments, and businesses are eager to meet this demand. The increasing adoption of Open Banking demonstrates a real shift in how people want to manage their finances—seeking greater flexibility with intelligence, security, and control over their payments. However, delays in establishing a robust commercial VRP framework are holding back innovation and economic growth. The industry must work together to remove these barriers and provide consumers with the seamless, secure, and efficient payment solutions they deserve. If we are to keep up with consumer expectations and global trends, financial institutions must work collaboratively with regulators to establish a competitive and consistent framework. Now is the time for banks and regulators to act to unlock the full potential of Open Banking. Read the full release ➡️ https://lnkd.in/eJ96bGXX