Italy-based illimity to launch open banking platform illimity Hubs

Tuesday 16 June 2020 13:47 CET | News

Italy-based digital bank illimity has partnered with MiMoto and Fitbit Milan to launch illimity Hubs, an open banking platform.

illimity’s digital direct bank has released illimity Hubs, a collaboration model in line with both an open banking and open platform approach. The Hubs are making their debut with two partners: MiMoto, an electric scooter sharing mover, and Fitbit, a fitness-oriented digital company. In illimity Hubs customers can utilise the functionalities provided by the partners on the platform and activate services in synergy with banking operations. Included amongst these is the possibility of creating spending plans that are linked to the steps that you take, recorded by Fitbit, with the aim of reaching the number required to buy specific products. 

By adding the MiMoto app, users can hire a scooter thanks to the Geomapping function, obtain expense reports for the journeys they have made or acquire a personalised MiMoto electronic debit card. In addition, the data analysis and artificial intelligence systems enable personalised advice to be provided by combining a customer’s activity with his or her daily habits and customs. 

This model has been developed to encourage the use of informed spending and saving routines based on specific interests and objectives, as stated in the official press release.

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Keywords: illimity, MiMoto, Fitbit, Italy, illimity Hubs, Open Banking, digital bank, open banking platform, digital direct bank, open platform, spending plans, electronic debit card, data analysis, artificial intelligence
Categories: Banking & Fintech
Countries: Italy
This article is part of category

Banking & Fintech