- Open information fintech Moneyhub is teaming up with fellow fintech suppliers, Rebcat and Navos Applied sciences.
- By way of the partnership, the three corporations will work collectively to develop options to assist massive monetary establishments provide customized monetary recommendation to their clients.
- U.Ok.-based Moneyhub made its Finovate debut at FinovateEurope 2015 in London.
Open information fintech supplier Moneyhub introduced a brand new partnership this week. The U.Ok.-based agency has teamed up with fellow fintechs Rebcat and Navos Applied sciences to assist monetary establishments provide customized monetary recommendation and steering to their clients. The businesses will collaborate to launch numerous customized plug-and-play companies, focusing initially on closing the so-called “recommendation hole.” Moreover, the companies may even embrace monetary administration, investments, and mortgages.
Moneyhub CEO Samantha Seaton pointed to regulatory adjustments within the U.Ok. as one of many tendencies that guided the partnership determination. “The upcoming adjustments to the Information Invoice and the FCA’s proposals to loosen up the advice-guidance boundary spotlight the numerous function of digital recommendation companies sooner or later,” Seaton mentioned. “We’ve seen first-hand how superior and sturdy Rebcat expertise is and are delighted with this partnership and the alternatives it brings to unlock monetary wellness for extra individuals.”
The joint assertion makes clear that Rebcat’s expertise is on the core of the providing. The agency is a spin-out of OpenMoney, a digital adviser that Octopus Group acquired in 2023. With almost 20,000 clients, Rebcat offers a spread of B2B monetary companies. These embrace white-labeled, end-to-end funding and mortgage recommendation, in addition to a bespoke private finance and engagement app. Headquartered in Manchester, Rebcat leverages Open Information to assist corporations provide their clients customized assist and recommendation. Based mostly in Bristol, Navos Applied sciences offers companies starting from constructing digital methods to implementing efficient cybersecurity. Based in 2020, the corporate leverages its 120 years of mixed expertise at U.Ok. funding platform Hargreaves Lansdown to assist corporations attain their digital transformation objectives.
A Finovate alum since its debut at FinovateEurope in 2015, Moneyhub helps seamless connections by way of a single supply to 1000’s of monetary establishments in 37 nations. This allows monetary companies corporations to entry a complete view of their clients wants, habits, preferences, and aspirations. Banks, pension corporations, wealth managers, lenders, retailers, and insurers all use Moneyhub’s open information platform to remodel information into customized digital experiences and insights – in addition to provoke funds.
Headquartered in Bristol, Moneyhub was based in 2011. The corporate started this yr by incomes a spot as a provider on Crown Business Service’s (CCS) Open Banking Dynamic Buying System (DPS) framework for its Open Banking and Cost companies. CCS is an Government Company of the Cupboard Workplace. The entity helps the general public sector safe most industrial worth when procuring items and companies.
Picture by Lisa Fotios
