Nottingham based Fintech, OpenWrks is set to launch a new partnership with fellow Fintech, Snoop. Powered by OpenWrks’ Open Banking technology, Snoop is a new kind of Fintech app with an ambition to help make everyone better off.
By using OpenWrks to connect to their customer’s current accounts and credit cards, Snoop will be able to suggest smart ways for everyone to make more of their money based on their outgoings and spending. Snoop has been designed to give consumers control and convenience, improve their banking experience and make their lives easier.
Priding itself on partnering with businesses that improve people’s everyday lives, OpenWrks partnership with Snoop is the most recent in a number of partnerships that use Open Banking as a force for good.
OpenWrks CEO, Olly Betts talks about their partnership with Snoop and how it will benefit consumers’, “I get a lot more excited about uses of Open Banking that are helping real people with real challenges in their everyday lives. Snoop will help make people’s money go further, and they’ll do this by automatically identifying regular spending on certain bills, subscriptions and opportunities to reduce those costs, potentially through switching or by unlocking loyalty discounts”.
John Natalizia, CEO at Snoop said: “We’ve already got thousands of people signed up and waiting for the first version of Snoop and we’re looking forward to launching our closed group beta before rolling out the app to everyone. Snoop will help consumers find better deals at the touch of a button and put a large chunk of the loyalty penalty suffered by consumers, estimated to be some £12 billion, back in their pocket. Our partnership with OpenWrks gives us the capability to connect quickly and securely to our customer’s bank accounts and provide them with money-saving insights personal to them”
By giving customers the option to use Open Banking through their digital journey, OpenWrks’ platform can help businesses achieve better customer outcomes. Open Banking provides businesses access to real-time spending and transactional data that will enable them to give their customers the most seamless experience across different aspects of their finances.
- Moneybox app announces Open Banking merger with Santander
- How brutal is the UK challenger bank landscape?
- The Global Revolution of Open Banking – A Look at Mexico
- Open Banking platform Tink to partner with Caixa Geral de Depósitos
- Canada Focus: ‘Consumer-directed Finance’ and what it means for Canadians