On 12th November, Visa announced OpenWrks as a partner in the launch of their Fintech Connect programme. OpenWrks will be making their consumer budgeting application, MyBudget, and its Open Data services available to Visa’s clients across Europe.
OpenWrks MyBudget helps people build an accurate view of their finances using its proprietary conversational AI algorithm and powered by a combination of First Party information and Open Data. It uses real-time account information to build more sustainable, accurate and consumer verified budgets. The consumer shares the information with a range of businesses including Financial Services and Energy companies to ensure they can make the most appropriate credit offer, repayment arrangement or product offer based on the information available.
Steve Bradford, Co-Founder Chief Commercial Officer at OpenWrks commented:
“We’re delighted to partner with Visa and be involved in their Fintech Connect programme. Our strategy at OpenWrks is to focus all our energy on delivering market-leading consumer applications and help millions of people understand what they can afford to borrow, repay, save and invest. Our MyBudget application is already being utilised by major banks, building societies, energy providers and debt advice companies and this announcement is another major milestone as we broaden our distribution partners.