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An Post extends deployment of Tink money management app

Source: Tink

Tink, the market leader in open banking, has announced the expansion of its existing partnership with Irish postal services provider An Post.

Just 16 months since the initial partnership was announced, An Post’s free Money Manager smart budgeting tool is now available to everyone in Ireland, expanding access to the service beyond solely An Post Money customers.

Using Tink’s open banking technology, the Money Manager smart budgeting tool securely links people’s current accounts and credit cards from all major banks in one place, giving them a deeper understanding and more holistic view of their financial behaviour over longer periods of time.

Completely personalised, it allows users to better manage their savings and set budgets to stay on track with their financial goals. To facilitate this, spending and budget alerts show users when they are approaching their personally-set limits enabling them to adjust their spending accordingly. They also receive useful insights into things such as unusual transaction patterns and can categorise spending into different categories so that money can be mapped and tracked on an ongoing basis - helping to reduce financial surprises.

Tasha Chouhan, UK & IE Banking Director at Tink, commented:“In the current economic climate, people are understandably on the lookout for tools to help them understand and track their spending. The expansion of our partnership with An Post means that anyone with a bank account in Ireland can now use their open banking-powered Money Manager app to access real-time insights into their financial circumstances. At a time when many are struggling with their day-to-day finances, this will add considerable value to customers - putting power back into their hands and allowing them to make informed financial decisions.”

Bruce Richardson, Senior Manager Change at An Post added: “Our recent research shows people in Ireland feel a lack of financial control, as they try to keep afloat during challenging times. In fact, almost nine-in-ten (87%) over 18s have expressed financial concerns for the year ahead. We are proud to expand our existing partnership with Tink - allowing anyone with a bank account in Ireland to use our engaging Money Manager tools. This enables us to provide people with a real-time view of their financial situation, with features which will help users to improve their financial situation.”

An Post recently launched a national TV campaign to raise awareness of the benefits of using open banking to help people manage their finances. Existing An Post Money customers can use their ten-digit User ID to access the app once downloaded while new customers who wish to use Money Manager can download the An Post Money app on the App Store or Google Play and link their accounts.

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