Personal Finance
Intelligent personal finance management
Problem
Getting a comprehensive picture of a customer's financial situation is challenging. They are increasingly using more than one financial provider but still want to see their data in one place. As needs have shifted, customers expect tools that help them achieve their goals and fit seamlessly into their way of living.
Solution
Connect and consolidate your customers’ accounts from different providers and allow them to set financial goals, create budgets and get personalised insights into their spending. Use our platform to build personal finance management features that drive better customer engagement, retention and acquisition.
Products & Features
Open Banking API
Receive and manage customer consent to securely access their current, credit card and savings account information and transaction data.
Investments & Pensions API
Receive and manage customer consent to securely access their investment and pensions account information.
Categorise transactions
Tag transactions with categories and subcategories and provides a confidence score for each.
Significant Transactions API
Identify common customer expenditure and income such as rent, salary and energy payments.
Regular Transactions
Provides a list of transactions that occur regularly over a monthly or quarterly period.
Upcoming Transactions
Provides a list of transactions predicted to occur in the next three months.
Merchant API
Provide the total spend for a merchant and display customer-friendly merchant names and logos.
How it works
Customers securely connect all of their current, credit cards and savings accounts along with any pensions and investment accounts.
Increase financial awareness by displaying income and spending totals, breakdowns by category and changes over time.
Combine data to create insightful and useful features like 'Left-to-Spend'.
Allow customers to set financial goals, create budgets and manage spending.
In use
Artha
The ‘artha by first direct’ app was the very first open banking proposition in the UK between a bank (HSBC) and a FinTech (Bud), launched in February 2018. First Direct found that customers who had connected two or more accounts within the Artha app engaged, on average, 68% more than those who only connected a single bank account.
In use
Making the money part of life simpler
The Bud app builds a customer's financial world, service by service through one app. It brings all their accounts together in one place.
Bud have built all new products that improve a customer's credit history and saves them money with personalised quotes on energy, broadband and insurance.