UK-based personal finance management platform Fineo partnered with European open banking company Nordigen to leverage open banking technology.
Fineo facilitates the integration of customer bank accounts using Nordigen's account information API to offer a clever way to manage finances. Fineo understands that managing personal finances isn’t always easy, so they developed a solution that allows users to do so in a simple, but powerful way. The company aims to give users the best tools to make personal financial management easy and effective.
“Every day we make decisions on where to eat, what transportation to use, or what our plans are for the upcoming weekend. All these choices have a financial basis and have an impact on personal finances. Our tools help users develop a vision of the financial life they want to achieve both in the short and long term. Nordigen’s account information API enables us to help them create a foolproof budget by taking into account future expenses, so that they don’t have any surprises.” says Fineo Representative Mohammed Amine Atmani.
Using Nordigen’s free API, Fineo customers are able to connect their personal bank accounts through Fineo’s personal finance platform. The platform provides the tools for users to plan a budget, have a centralised view of all their accounts, manage transactions and analyse finances. The end result is a fast and easy technological solution for creating and maintaining a personal budget. Nordigen’s API is fully PSD2 compliant, so Fineo users gain the additional benefit of a secure connection to their open banking account data.
“Fineo is perfectly positioned to leverage secure, consented connections to account information to provide users with the best personal finance management experience. PSD2 was created to democratise access to open banking data and we’re pleased that our solution can help Fineo offer a seamless and effective personal finance management solution to users all over Europe.” says Rolands Mesters, co-founder and CEO of Nordigen.