27 March 2020

Chip receives FCA authorisation

Written By FinTech Alliance in Wealth Management

Chip receives FCA authorisation

Money management app Chip has been approved by the Financial Conduct Authority.

In Brief:

  • Chip is now an Authorised Payment Institution.

  • The app allows users to automatically put away funds into savings.

  • Chip is now introducing a number of news services like changes to save limits and an open banking update.

What does this mean?

This is a big step forward for Chip – but it is now going on to introduce FSCS protected savings accounts through partner banks.

Read more here.

 

 

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