Money Dashboard, a UK-based online personal financial management service, announced on Tuesday it has added Starling Bank to its list of supported providers. According to Money Dashboard, Starling Bank is the first of many open banking powered connections that Money Dashboard will be adding in the upcoming weeks and months.
Founded in 2009, Money Dashboard notably shows users exactly where their money goes and helps them to make better financial decisions. The services can be used to connect to all current accounts, savings accounts, and credit cards.
“Money Dashboard is the only place which gives you the true view of your finances, so you can keep an eye on your day-to-day spending, and monitor whether you’re earning more than you’re spending, and making efficient use of any credit.It even lets you know if you’re likely to have any spare money left to spend at the end of the month.”
The partnership with Starling Bank comes less than one year after Money Dashboard secured a total of £1,250,380 through its equity crowdfunding campaign on Crowdcube. Speaking about the partnership, Jossie Ellis, head of growth for Money Dashboard, stated:
“We’re constantly searching for trends and changes in consumer behaviour that affect the way people do their banking. As we continue to evolve towards the increased digitisation that comes with Open Banking, our integration with Starling just makes sense. It improves user experience, allows an ever-increasing proportion of the population to utilise the app to its full potential and will see more people than ever before meet their savings goals. This is just the first step in many digital banking integrations that will help future-proof Money Dashboard at what is a really exciting time for banking as Open Banking continues to disrupt the market.”
Megan Caywood, Chief Platform Officer at Starling, added:
“We built an open API at Starling to give consumers more choice and freedom with their money, and this integration with Money Dashboard is an example of how we continue to fulfil this promise to our customers. We’ve taken a further step in our integration with Money Dashboard by offering users access to our Savings Goal tool which will help customers take control of their finances.”