Free open banking platform Nordigen has been chosen as the go-to provider of financial data by DuckTech for their new mobile application DuckTail.
DuckTail is an on-the-go finance and budgeting tool. It aims to kickstart its users' budget plans by providing easy to use features including joint accounting, unique expense and income categories, debt tracker, recurring transaction tool and more. DuckTail synchronises across devices and provides spending statistics.
“We created DuckTail to be an easy solution for money management and to equip our users with a powerful financial guide that fits in their pockets. To ensure that their information is always fresh and up-to-date, we joined forces with Nordigen, who now expertly supplies the app with data, so our clients don’t need to do this manually,” says Vladimir Deev, co-founder and CTO of DuckTech.
Nordigen’s role in the collaboration is to provide secure connections straight to users’ bank accounts and provide transactional data to help DuckTail run efficiently and keep the app updated with crucial information. The open banking platform facilitates connections with over 2100 banks across 31 European countries.
“Open banking is an excellent way to automate applications and fuel a personal finance management system with banking data, removing the need for any manual input. This creates an easy onboarding system, keeps the application consistently updated with the newest transactions and up levels the entire customer experience. We are happy to be working alongside new technological applications and excited to see where else open banking will take innovation,'' adds Rolands Mesters, co-founder and CEO of Nordigen.