Latvia-based freemium Open Banking platform Nordigen has been selected by DuckTech as the Open Banking provider for its new budgeting tool, Ducktail.
The partnership will see Nordigen provide secure connections straight to users’ bank accounts and provide transactional data to DuckTail, keeping the app up-to-date.
Ducktail, which DuckTech said synchronises across devices, has a range of features for users, including joint accounting, expense and income categories, debt tracker and a recurring transaction tool.
Vladimir Deev, co-founder and CTO of DuckTech, said: “We created DuckTail to be an easy solution for money management and to equip our users with a powerful financial guide that fits in their pockets.
“To ensure that their information is always fresh and up-to-date, we joined forces with Nordigen, who now expertly supplies the app with data, so our clients don’t need to do this manually.”
Nordigen’s free API connects to more than 2,100 banks in Europe and serves fintechs and developers in 31 European countries.
“Open Banking is an excellent way to automate applications and fuel a personal finance management system with banking data, removing the need for any manual input,” added Rolands Mesters, co-founder and CEO of Nordigen.
“This creates an easy onboarding system, keeps the application consistently updated with the newest transactions and up levels the entire customer experience. We are happy to be working alongside new technological applications and excited to see where else Open Banking will take innovation.”