Moneyhub is a data and payments company that develops ISO 27001 certified software for Open Banking, Open Finance, and Open Data applications. Its FCA-regulated Open Data platform enables companies to quickly and easily transform data into personalised digital experiences and initiate payments. Its APIs and fully customisable platform provide data aggregation, insights, notification nudges, and payment systems. As a result, clients have the consent-driven data and analytics they need to create super-personalised offers, products, and services. Hundreds of organisations, spanning finance to media and retail, rely on Moneyhub’s award-winning technology.
Active since
2014
Head office
Bristol, UK
Founder(s)
Dave Tonge
Funding rounds and investors
Major shareholders: Sam Seaton, Dave Tonge, Dan Scholey, Rael Gordon, Nationwide, SPWOne (Sir Peter Wood).
Service provider type
Digital core banking infrastructure/platform
How it works
Moneyhub enables companies in all industries to build personalised propositions with access to their customers' entire financial world, from investments to pensions. Financial services providers use this information for mortgage advice to life insurance, while companies in sectors from retail to telecoms can utilise it when developing new business offerings.
What problem does the company solve
With Moneyhub’s award-winning APIs and whitelabel solutions, clients can initiate payments or seamlessly connect to bank accounts, mortgages, pensions and more. The platform, which offers everything from personal financial management and affordability tools, provides powerful analytics and actionable insights to enable bespoke experiences and customer journeys.
Types of supported APIs\API standard supported
We provide a RESTful JSON API protected by FAPI (based on OpenID Connect and OAuth 2.0). We connect to OpenBanking APIs, Berlin Group APIs, STET APIs, and many proprietary APIs.
Industries/target markets
Geographical coverage (operational area)
UK & Europe
Business model/pricing
For more details, please contact our sales team.
Technology
Native Cloud
Software language
JavaScript
Software developement tools
ReactJS, NodeJS, Docker, Kubernetes, AWS, VS Code, Bitbucket
When was the core technology developed
2014 onwards
Do you have redundancy and coverage provided by multiple integrations (APIs & Direct Access)?
Yes
How will you handle automated refunds?
Refunds are managed by our transaction matching service which allows us to initiate full or partial refunds, tied to the original payment. Where refunds are required, we capture account details during initial payment and automatically encrypt before storing securely while appropriate.
How will you mitigate the risk of bank transactions failing?
Open Banking enables verification of payment to take place as part of the transaction to ensure correct payment is made. Moreover, in some circumstances we can also verify if the funds have been successfully received. It is also possible to remove 'insufficient funds' charges using Open Banking.
How will you reconcile payments efficiently?
Each payment transaction has unique meta data attached as part of the Moneyhub Payment Initiation Service which facilitates easy integration and reconciliation across many different back office systems
Partners
N/A
Customers / Case studies
Aon, Akoni, Arq, Blackhawk, Hometrack (Zoopla), KPMG, LEBC, Lumio, Mercer, Moneyed, Nationwide, Newbury Building Society, OpenMoney, OneBanks, Roqqette, SEI, Sugi, The Big Exchange, Wealth Wizards, Zedosh
For a full list of case studies, please go to https://www.moneyhubenterprise.com/case-studies
Awards
2021 Open Banking Expo Awards - https://www.moneyhubenterprise.com/our-awards
Winner: Woman of the Year: Fintech Sam Seaton, Moneyhub Financial Technology
More here: https://www.moneyhubenterprise.com/our-awards
Business revenue
Contact (phone number / email address)
+44 (0) 117 280 5155
hello@moneyhub.com
Website
www.moneyhubenterprise.com