Chip receives FCA authorisation

March 27, 2020 | Wealth Management

Written by FinTech Alliance

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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