Open Finance Partnership Platform, mmobAnnounced today that it will add a wave of new partners to its open finance network. With the latest signatures, including well-known brands such as PensionBee, Upside and Glint Pay, banks and leading fintechs can quickly and easily integrate numerous services into the online ecosystem of various industries, including pensions and alternative payment services. I can do it. money transfer, Multiple types of insurance, cashback, and household services.
With the new addition to the Open Finance Partnership Platform, mmob is moving forward to become the UK’s first SuperApp-as-a-Service (SAaaS) provider. With the growth of mmob’s network, banks looking to offer attractive and complementary products can do that with a single line of code, such as Starling and Monzo.. In addition, consent-driven user data provides unparalleled insights that partners can use to determine what their customers want and identify additional services worth investing in.
“In this digital age, consumers expect their banks to be at the forefront of innovative new ways to manage their money. Still, the pension industry is still lagging behind. Many pension providers continue to use the slow process of consuming large amounts of paper, “said Jasper Martens, Chief Marketing Officer at Pension Bee. “The partnership with mmob facilitates our commitment to bring pensions into the 21st century, allowing all consumers, not just Neobank and new money app customers, to plan and save for a happy retirement. will do so.”
mmob’s open finance platform is designed to eliminate the complexity, time, and resources required for financial services providers to select and deploy partner-led services. Through its API, financial institutions can quickly and easily connect to mmob’s third-party partner (TPP) network and incorporate new services that facilitate customer engagement and retention. In return, mmob’s TPP gains rapid access to new industries.
“Current economic uncertainty, rising inflation, and tax increases are a triple threat to people’s savings and retirement funds,” said Jason Cozens, CEO of Glint Pay. “To protect consumers, we need alternative savings and wealth stores. Our partnership with mmob allows banks to offer these alternatives while at the same time accessing more consumer markets and commerce. You can accelerate the pipeline. “
A complete list of new partners includes Online Pension Provider: PensionBee, Online Money Transfer Service: Glint Pay, Frictionless Cashback Provider: Upside, Home Service Platform: Homebox, Mobile Insurance Provider: So-Sure, Insurance Companion: Anorak Includes, and insurtech providers: insurance.
Irfan Khan, CEO of mmob, said: “As the landscape of financial services becomes more decentralized and fragmented, it is imperative that financial institutions find ways to retain their customers by maintaining their involvement.”
“Looking at the success achieved by SuperAppli such as WeChat, we wanted to find an easy way for banks and the fintech sector to add services to digital platforms quickly and easily. Our services are fast. We are very proud of our growth and look forward to launching a second cohort of connecting partners in the coming months. “
mmob becomes UK’s first SuperApp-as-a-Service provider
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