London, 13 October 2022: Europe’s leading open banking platform, Tink is working with Snoop, the multi award-winning money saving app, to give UK consumers real-time insights on how to cut their bills, pay off debt, grow their savings and save where they spend.
Tink and Snoop working together to provide UK consumers with personalised money management to beat cost of living increases.
Using real-time transaction data aggregated through Tink’s open banking platform, Snoop is a free app helping customers to cut their bills and control their finances.
This summer Snoop passed one million downloads. Together with Tink the app empowers people to use their own data as a powerful force to save money and take control of their finances. In helping consumers navigate the very serious challenges presented by the cost-of-living crisis the collaboration is showcasing the significant benefits that open banking technology has enabled.
For many, money can be tough. At best, it’s unexciting. At worst, it can be complicated and stressful. This partnership is designed to help everyone get on top of their finances, provide proactive and timely money management and build financial capability across the UK.
John Natalizia, cofounder and CEO at Snoop commented: “Consumers are already having a terrible time of it right now and, with interest rates going through the roof from all-time lows, people with mortgages and debts are facing a very real credit crunch over the coming months. Our aim is for Snoop to be an essential resource for everyone looking to navigate these turbulent times. Working together with Tink means we can provide contextual money-saving insights and deliver a personalised, fast and accurate customer experience.”
Tom Pope, Head of Payments and Platforms at Tink, added: “With inflation at its highest in over forty years, services like Snoop are invaluable as the cost of living continues to soar. By providing proactive money management insights, through data that shows consumers where they can save — this is a collaboration that is demonstrating the real-world value of open banking.”
Notes to editors:
Linda Winder, PR & Communications Director, firstname.lastname@example.org, +44 7809 265 941
Tink is Europe’s leading open banking platform that enables banks, fintechs and startups to develop data-driven financial services. Through one API, Tink allows customers to access aggregated financial data, initiate payments, enrich transactions, verify account ownership and build personal finance management tools. Tink connects to more than 3,400 banks that reach over 250 million bank customers across Europe.
Founded in 2012 in Stockholm, Tink became a wholly owned subsidiary of Visa in 2022. Tink’s 500 employees serve more than 300 banks and fintechs in 18 European markets, out of offices in 13 countries. We power the new world of finance.
For more information, visit tink.com.
Powered by Open Banking, Snoop is an award-winning consumer focused business that helps people spend, save and live smarter.
Founded in April 2020 by Executive Chair Dame Jayne-Anne Gadhia, Snoop takes the idea of money management much further than other fintechs by enabling customers to use their own data as a powerful force to save money.
8/10 Snoop customers say it’s much easier to keep on top of their money/spending and nearly half score 10/10 when asked how likely they are to recommend Snoop.
For more information about Snoop, please visit: https://www.snoop.app