Environmental impact of consumer spending, Advice Guidance Boundary Review webinar & more
Welcome to the Moneyhub Monthly Update, including the latest useful content, product updates, events and insights from the world of Open Banking & Open Finance.
This month we're looking at:
Introducing Carbon Counter - our newest API recipe
?? Consumers want to reduce the environmental impact of their spending - and Open Banking is here to help
As consumers grow increasingly conscious of their environmental footprint, there remains a significant gap in understanding how their daily spending behaviours contribute to carbon emissions.
They’re eager to align their spending with their values, with 88% wanting brands to help them live more sustainably. But how can businesses give them the clear, accessible insights they want and need to understand how their financial decisions affect the planet?
We’ve partnered with leading carbon analysis companies Connect Earth arth and Cogo o to offer our new ‘Carbon Counter’ API recipe. This allows businesses to provide their customers with an environmental overview of their finances today - and the insights to make more informed decisions in the future.
Webinar Replay: Advice Guidance Boundary Review - Closing the Advice Gap
Vaughan Jenkins was joined by Lavanya Menon ( Lloyds Banking Group ) and Adam Price ( Octopus Money ) for a review on the proposals that seek to close the UK advice gap and help consumers make more informed decisions about their money.
What are the pros and cons of the paper? Where could, and should, the FCA go further?
Blog post: 10 user experience and social impact innovations that will change the future of Open Banking Payments ??
During the last two decades, Open Banking has evolved from a niche concept to a significant force shaping the financial landscape in the UK. And it hasn’t hasn’t just been enabling high-tech systems and flashy apps. It’s changing the way businesses engage with and serve their customers.
For businesses that handle electronic payments – whether retail, e-commerce or utility sectors – Open Banking is being used to improve customer engagement and operational efficiency.
So what innovations can we expect to see that will make Open Banking not just technologically advanced but also more beneficial for businesses?
How we help lenders lend with confidence
Our Decisioning teams statistics speak for themselves:
So what's driving these figures? It all comes down to the power of the Moneyhub Categorisation engine, able to identify income and expenditure transactions and subsequent risks with a whopping 99.4% accuracy.
This has not gone unnoticed by the industry - we were delighted to recently pick up the award for Best Lendtech at the UK FinTech Awards and have now been shortlisted for the upcoming #EuropeFinTechAwards
Where to catch us next ??
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