Nutmeg,听Europe鈥檚听largest digital wealth manager, has today announced听new API integrations with听fintech apps听Yolt, Emma and Money Dashboard. The connections will give Nutmeg鈥檚 80,000 customers a more holistic view of their finances,听with the ability to see their Nutmeg investments alongside their current accounts, savings听products听and credit cards听through the听UK鈥檚 leading听smart money听apps.听听
With听people increasingly having more than one bank account听and technology offering opportunities to provide听consumers with a single view of their wealth,听Nutmeg听has听teamed up with fellow leading听fintechs听Yolt, Emma and Money Dashboard听to听give听customers of both services greater control, transparency and oversight of their finances.听听
The听Nutmeg听integration听is available to customers of听any of the听three听apps听and will allow customers to see听their听Nutmeg ISA, Lifetime ISA, pension, general investment account and Junior ISA balances in the apps听alongside other financial products they hold.听听
Matt Gatrell,听chief operations officer,听Nutmeg, said:听鈥淧roviding our customers with a single view of their wealth 鈥� be it their听current account transactions, emergency savings pots, or their long-term听investments 鈥� helps听people to better understand their own financial position.听The integrations with听Yolt, Emma and Money Dashboard, launched听during UK FinTech Week, are听the first听of their kind听for Nutmeg,听and we鈥檙e pleased to be听connecting听with听other听
The Open Banking initiative, which launched in 2018, gives consumers much greater control and visibility of their financial information and allows the regulated financial institutions that they use to share information securely. This has led to a host of innovative new tools and services, such as听Yolt, Emma and Money Dashboard, which give consumers more ways to analyse and manage all aspects of their finances.听
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Pauline van Brakel, Chief Product Officer at听Yolt听comments: 鈥淵olt听has long听been a champion of API technology and a working proof-point for how the UK鈥檚 Open Banking initiative is helping put consumers back in control of their finances. Today鈥檚 announcement reflects our community鈥檚 appetite for these connections and is testament to our work to ensure our users can access and manage their finances in the quickest and easiest way possible. Beyond this, we continue to look for opportunities to develop partnerships with other fintech鈥檚 that share our aim of creating a truly 鈥榦pen鈥� financial experience for customers.鈥�听
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Steve Tigar, CEO, Money Dashboard said:听鈥淗aving a good grasp of one鈥檚 overall financial situation is critical, now more than ever. By teaming up with other innovative听FinTechs听like Nutmeg, our goal is to make it much easier for people to track听all of听the accounts they hold so they can really feel comfortable with their finances.听 As founding members of听fDATA, the trade association which lobbied for the adoption of Open Banking standards, we are big believers in the need for a more open and collaborative financial landscape. Partnering with other听FinTechs听is a central part of how we will achieve our goal of helping millions of people master their money.鈥�听
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Edoardo Moreni, CEO and co-founder, Emma, said: 鈥�Emma was built to empower millions of individuals to live a better and more fulfilling financial life. That’s why we are thrilled to welcome Nutmeg in Emma’s family with the goal to help our users discover the investing world and plan for their future.”听
