Today Moneyhub has announced the latest development in its European expansion, capitalising on the PSD2 rollout across the continent following.
Moneyhub has had its passport approved by the European Banking Authority to expand its services across the European market. This means that enterprises across the EU are now able to deploy Moneyhub’s market-leading APIs to aggregate, categorise, and analyse the transactional data of international payments. The consent-driven access to data, which underpins Moneyhub’s services, will allow enterprises across Europe to better manage the money of their customers.
Dan Scholey, COO of Moneyhub, commented: “2019 has been a pivotal year for our business with a number of exciting strategic developments providing us with the platform for further growth in 2020 and beyond. Moneyhub’s expansion into Europe will be central to our future plans. We have seen an increasing demand from our clients to provide a European and cross-border solution as part of our overall offering, and we are thrilled to be now adding this capability. We are hugely proud to have built a reputation in the UK as Open Banking pioneers and leveraging our expertise across Europe is a hugely exciting prospect.”
Moneyhub has sat at the forefront of the Open Banking revolution, working closely with the Open Banking Implementation Entity (OBIE) to define the standard for UK Banking APIs and playing a key role in the European Parliament’s PSD2 workshops to date. Moneyhub is currently taking part in the FCA Sandbox alongside the OBIE to explore extending the legislation to allow providers to automatically sweep money to avoid credit charges, increase savings and increase security around payments.
In addition, it has this week been announced that Moneyhub CEO, Samantha Seaton has been appointed to the Pensions Dashboard Steering Group established by the Money and Pensions Service. The group will focus on setting out a roadmap for the delivery of the dashboards, providing strategic guidance on delivering the best customer experience for consumers, and determining what data the pensions industry will need to provide for dashboards to be operational.