Moneyhub launches Rent Recognition feature

The new Moneyhub feature makes it simple to send anonymised details of rent payments to credit reference agencies such as Experian. While data can now be submitted to Credit Reference Agencies directly, Moneyhub’s Rent Recognition has the key advantage of only sharing the minimum amount of relevant data that will positively contribute to users’ credit score.

According to the official press release, Rent Recognition is part of Moneyhub’s mission to improve financial inclusion. Moneyhub clients can build Rent Recognition into their apps to offer customers the same credit score-boosting ability.

Moneyhub has also introduced a new Regular Recurring Transactions summary, which builds upon its Spending Analysis feature and shows details of scheduled payments. The visibility granted by this update will help users reduce cash leakage and control their finances to work towards goals such as paying off debts or saving for a mortgage deposit.

Moneyhub’s Rent Recognition feature interfaces with credit reference agencies, offering them alternative credit data which can help formerly invisible people build up the financial reputation they need to access products and services. Users of Moneyhub powered solutions can share details of their rent from right inside the app, whilst partners that have enabled the feature can offer the same abilities to users of their own apps.