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Open banking platform Tink and savings app Snoop have teamed up to tackle the cost of living crisis by providing UK consumers with personalized money management services.
Tink partners with Snoop to help UK customers save
Through this partnership, the companies aim to provide UK customers with real-time insights on how to reduce their bills, pay off their debts, increase their savings and save when they spend.
Money is hard for many people, both companies say. “At best, it’s uninspiring. At worst, it can be complicated and stressful.
This partnership is designed to help everyone stay on top of their financial situation, provide proactive and timely financial management and help build financial capacity across the UK.
Founded in Stockholm in 2012, Tink empowers banks, fintechs and start-ups to access aggregated financial data, initiate payments, enhance transactions, verify account ownership and manage personal finances. An open banking platform that allows you to build tools. APIs).
The company claims a network of over 3,400 banks reaching over 250 million banking customers across Europe, and this year it became a wholly owned subsidiary of Visa.
Founded in 2020, Snoop is a consumer-focused money app that helps people save money.
Tom Pope, Head of Payments and Platform at Tink, said:
By providing proactive money management insights through data that shows where consumers can save, this is a collaboration that demonstrates the real-world value of Open Banking.
