Emma Technologies has integrated with mobile bank Monzo as it makes its first Open Banking partnership.
The London-based fintech firm received approval from the FCA last week for the provision of payment services.
Emma is currently building a banking app for millennials with the product aiming to provide a consumer-focused banking experience to improve the financial situation of its users.
“This integration projects Emma into Open Banking, which comes with thousands of possibilities for new businesses and companies like Emma,” said Edoardo Moreni, CEO and co-founder of Emma Technologies (pictured above).
“We truly believe the integration with Monzo will create synergies and provide customers [with] an enriched overview of their finances across all their accounts.”
Emma is hoping to make money management easier and believes consumers should be able to access all the information regarding their personal finance at the push of a button.
“Making an API available opens up loads of new opportunities for fintech companies, like Emma, and for our customers,” said Tom Blomfield, CEO and co-founder of Monzo.
“Our goal at Monzo is to give our customers more visibility and control over their money.
“Through our API, integrations like this become possible, meaning our customers can choose to access useful new services to help them manage their money.”
SIGN UP TO OUR NEWSLETTER TO RECEIVE MORE NEWS LIKE THIS STORY
Development Bank of Wales provides £500,000 to IT repairs business
Comtek Network Systems UK Limited has secured £500,000 of investment from the Development Bank of Wales
Wesleyan Bank names new director
Wesleyan Bank has strengthened its management team with the appointment of Simon Welling (pictured above) as its director of sales and marketing.
Cash Isa savers missing out on transfer market
Half of cash Isa savers aged 55-plus (50%) have never moved their accounts to another provider, according to a new study.
CivilisedBank secures further funding
CivilisedBank is set to receive further funding from current investor Warwick Capital Partners, subject to regulatory approval.
A round-up of the latest specialist banking products
With the continuing expansion of the specialist banking market, this year promises to bring a host of new products and services to the sector.
Hanley Economic BS rebrands
Hanley Economic Building Society has rebranded as it launches its first ever TV advertising campaign.
Lydia raises a further €13m
Lydia has announced that it has raised a further €13m, taking the total amount raised by the French fintech start-up to over €23m.
Fintech as a force for good
The big news around fintech focuses on the many ways it is already making financial services more profitable, more scalable, more secure and more user-friendly.
FIBA commits to 30 events
The Financial Intermediary & Broker Association (FIBA) has announced 30 regional meetings for its members and intermediaries interested in joining the Association.
20% of brands to abandon their mobile apps by 2019
A fifth of brands will abandon their mobile apps by 2019 due to a lack of adoption and customer engagement, according to a study by research and advisory company Gartner.