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Moneyhub Expands Open Banking Services to Europe

Money management platform Moneyhub is set to end the year on a high, announcing an expansion in Europe. 

Providing consumers, financial advisers and enterprises access to previously inaccessible data, Moneyhub harnesses the power and potential of Open Banking. Having built a notable reputation in the industry, financial services companies eager to plug in to the potential of Open Banking are increasingly turning to Moneyhub to be a trusted partner.

Moneyhub has announced the latest development in its European expansion, capitalising on the PSD2 rollout across the continent. Moneyhub has had its passport approved by the European Banking Authority to expand its services across the European market. This means that enterprises across the EU are now able to deploy Moneyhub’s APIs to aggregate, categorise, and analyse the transactional data of international payments. The consent-driven access to data, which underpins Moneyhub’s services, will allow enterprises across Europe to better manage the money of their customers.

Moneyhub gets passport to connect to banks across the EU as part of its next phase of European expansion

Dan Scholey, COO of Moneyhub, commented: 

“2019 has been a pivotal year for our business with a number of exciting strategic developments providing us with the platform for further growth in 2020 and beyond. Moneyhub’s expansion into Europe will be central to our future plans.

We have seen an increasing demand from our clients to provide a European and cross-border solution as part of our overall offering, and we are thrilled to be now adding this capability. We are hugely proud to have built a reputation in the UK as Open Banking pioneers and leveraging our expertise across Europe is a hugely exciting prospect.”

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