It’s been a busy January in digital banking.
After receiving its FCA approval last week as a Registered Account Information Services Provider (RAISP), subscriptions and debt tracking app Emma has now announced its first official integration with digital bank Monzo.
Monzo launched its Interim API to celebrate the release of Open Banking in the first half of January, allowing third party apps to begin working on developing technological integrations with the challenger.
Emma is currently building its self-acclaimed “banking app for millennials”, a mobile only solution that helps consumers avoid overdrafts, find and cancel subscriptions, track debt and save money.
“This integration projects Emma into Open Banking, which comes with thousands of possibilities for new businesses and companies like Emma,” said Edoardo Moreni, CEO and co-founder of Emma.
We truly believe the integration with Monzo will create synergies and provide customers an enriched overview of their finances across all their accounts. ”
“Making an API available opens up loads of new opportunities, for fintech companies like Emma, and for our customers. Our goal at Monzo is to give our customers more visibility and control over their money,” added Monzo CEO and co-founder, Tom Blomfield
“Through our API, integrations like this become possible, meaning our customers can choose to access useful new services to help them manage their money.”
