From the community

Wealth Wizards and Moneyhub in Open Data partnership

January 31, 2020 | FinTech
Provided by Wealth Wizards

Tags

Wealth Wizards and Moneyhub in Open Data partnership

The collaboration will allow users of Wealth Wizards’ financial advice chatbot, MyEva, to link their financial accounts – including bank, credit card, investment, savings and borrowing – to the app.

MyEva helps users improve their financial situations with independent personalised guidance and advice throughout key life stages – whether they are clearing debt, building up savings, buying a home or preparing for retirement.

It does this by offering help, information and nudges on a range of personal finance matters, as well as regulated pensions and investments advice.

The Moneyhub integration will make that advice and guidance even more relevant to users by linking it to real-time data about their finances.

Wealth Wizards also aims to white label the proposition – so that financial institutions can build their own applications based on the collaboration – and to build the integration into its platform for financial advisers, Turo.

Andrew Firth, Co-founder and CEO of Wealth Wizards, said: “This is a genuine milestone in personal finance. Together with Moneyhub, we are bringing to market a 24/ 7 digital companion that will offer highly personalised guidance and regulated advice based on real-time developments in the financial lives of users. That means it will be there at the very moments that users need it.

“It will not only make advice more personalised for people accessing it directly through apps like MyEva but it will power-up the work of financial advisers using our Turo tool with their clients by making it even more efficient and effective at gathering relevant data.”

The Moneyhub and Wealth Wizards partnership leverages Open Banking regulations, which allow people safely and securely to connect their bank accounts with regulated third parties, offering a host of new benefits.

Sam Seaton, CEO of Moneyhub, said: “Open Banking empowers individuals to make better money decisions through giving them access to real-time information on their finances. Our financial lives are fragmented, which can make it hard to see the full picture and even harder to properly plan for the future. A more holistic approach to advice and money management will ultimately lead to more financially independent individuals ready for whatever life brings.

“Asking for help is a key stepping stone to a better financial future, and the development of the first 24/7 financial advice chatbot, one that pulls in all your financial information, has the potential to be transformative. We are thrilled to be working with the team at Wealth Wizards to provide this innovative solution.”

MyEva is available to individuals and is offered through employers. Users have included technology firm Ricoh, Central and North West London NHS Foundation Trust (CNWL) and PVH, whose brand portfolio includes Calvin Klein and Tommy Hilfiger.

More in FinTech

B-Social raises £7.8mn for ‘social bank’
FinTech
February 28, 2020

B-Social raises £7.8mn for ‘social bank’

B-Social, a FinTech building a ‘social bank’, has raised $7.8mn additional seed funding....

Jumo raises over $50mn
FinTech
February 27, 2020

Jumo raises over $50mn

South African FinTech Jumo raised $55mn from a diverse group of investors. In Brief: Thi...

FinTech Alliance partners with FinTech Scotland
FinTech
February 25, 2020

FinTech Alliance partners with FinTech Scotland

FinTech Alliance and FinTech Scotland have entered into a partnership to boost innovation and transf...

FinTech
January 30, 2020

2019 FinTech Investment Landscape

Innovate Finance’s FinTech Investment Landscape features data-driven insights on the global Fi...

FinTech
January 09, 2020

Latin America: Global Investors’ New FinTech Frontier

Insights from Leading Banks, Venture Capital and Private Equity Investors

FinTech
January 09, 2020

What will the future of banking look like?

Big tech, fintech and increased regulation are putting pressure on banking incumbents. How can they...

FinTech North Sheffield Forum

FinTech North Sheffield Forum

When: Mar 13th, 2020
Where: Barclays Eagle Labs, Sheffield
Price: FREE
FinTECH4Life

FinTECH4Life

When: Mar 26th, 2020
Where: Rise London, London
Price: £999
FinTech North York Forum

FinTech North York Forum

When: Mar 27th, 2020
Where: Ron Cooke Hub, York
Price: FREE