MOBILE PAYMENTS
“ Open Banking can transform this process , using open banking APIs to legally aggregate a customer ’ s data ”
— Samantha Seaton CEO , Moneyhub Enterprise
36 in-day savings prompts feel less of a wrench than finding money at the start or end of the month and over the course of time can start to build up a solid investment or savings pot .
The additional level of insight available through open banking also means that the money that users are able to put aside can be put to work in a more streamlined and targeted manners . Whether it be through a robo-adviser or a financial adviser , it ’ s now possible for them to be granted access to a much wider view of a customer ’ s finances .
For those struggling to save , roboadvice is a more likely choice . But historically , these digital advice models are remarkably fallible to human error . The majority require a new user to fill in a questionnaire when they sign up , and the answers to the questions will inform what the algorithm recommends . However , if a user
NOVEMBER 2019