Fintech firm Moneyhub has agreed a partnership deal that will see financial planning and wealth management solution provider Voyant use its Open Banking and Open Finance APIs.
The partnership will give financial advisers using Voyant’s platform instant and real-time access to the complete picture of the clients’ financial world.
Moneyhub’s Open Banking and Open Finance solution will improve Voyant’s advisers’ ability to help their clients identify and monitor progress against their goals, demonstrating positive client outcomes which is one of the key challenges of Consumer Duty.
Kim Jenkins, managing director of Moneyhub API, said: “A complete picture of a client’s financial information is vital for advisers to give personalised and effective advice. We’re excited to be working with Voyant to roll out our Open Banking and Open Finance connections to help improve efficiency, meet regulatory obligations and drive better consumer outcomes in the adviser space.
“At Moneyhub we are dedicated to improving consumers’ lifetime financial wellness and we are delighted to be working with Voyant to support their adviser community to do just that. Consent driven, comprehensive and real-time access to financial data is critical for advisers to support their clients in achieving their long-term aspirations. Only with this information can they advise on the right products and solutions, at the right time, to deliver on those goals.”
