Moneyhub and Money Squirrel Join Forces to Revolutionize Open Banking Solutions for SMEs

Moneyhub and Money Squirrel Join Forces to Revolutionize Open Banking Solutions for SMEs

Moneyhub, a prominent player in the realm of Open Banking and financial technology, has joined forces with Money Squirrel, an innovative FinTech firm dedicated to enhancing financial management for small and medium-sized enterprises (SMEs). This strategic partnership aims to enhance Money Squirrel’s newly launched application, which is designed to assist SMEs in automating their savings and efficiently managing VAT payments.

Addressing SME Challenges with Open Banking

The collaboration between Moneyhub and Money Squirrel addresses a critical issue faced by SMEs: the challenge of integrating Open Banking technology into their existing financial systems. Despite SMEs being the backbone of the economy, many struggle with outdated systems and a lack of standardization. The new app from Money Squirrel showcases the potential of Open Banking data and payments to deliver significant financial efficiencies for small businesses.

About Moneyhub

Moneyhub is known for its FCA-regulated Open Data platforms that empower businesses to utilize consent-driven data, insights, and payment solutions. The company’s software, certified with ISO 27001, supports personalized financial experiences across various sectors such as finance, media, and retail. Additionally, its API technology enables:

  • Data aggregation
  • Insight provision
  • Seamless Open Banking payments

Expert Insights on the Partnership

Kim Jenkins, Managing Director of API at Moneyhub, emphasized the importance of this collaboration: “Working with Money Squirrel marks a pivotal advancement in making Open Banking technology accessible to both SMEs and large institutions. We are excited to simplify financial management and unlock growth opportunities for smaller businesses through our API integration.”

Andreea Daly, founder and CEO of Money Squirrel, shared her thoughts: “Utilizing Moneyhub’s API technology has been vital for our app’s launch. It’s encouraging to partner with an organization that shares our vision of making Open Banking and Open Finance more inclusive. As a business founder, I’ve faced the complexities of cash flow management and understand how technology can alleviate these pains, paving the way for business growth.”

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For more insights into the benefits of Open Banking for SMEs, explore further on Moneyhub’s official website.

Stay updated on the latest trends in FinTech and how these technologies are reshaping the financial landscape for small businesses.

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