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How Plum leverages finker Open Banking Services to empower financial well-being

  • 23 January 2024
Plum money app

Plum, the AI-powered financial app, has revolutionized how individuals save, spend, and invest. With a mission to make financial management effortless, Plum integrates cutting-edge Open Banking services to deliver personalized, secure, and automated experiences for its users.

Using finker’s PSD2-compliant Account Information Service (AIS), Plum seamlessly connects with users’ bank accounts. This integration enables Plum to analyze transaction patterns and account balances securely. Leveraging these insights, Plum automates deposits tailored to users’ financial habits, ensuring they stay on track with their savings goals without manual intervention.

Finker’s AIS also supports Plum’s onboarding process by simplifying KYC (Know Your Customer) requirements. During sign-up, the service verifies that the bank account owner matches the provided user details, ensuring regulatory compliance and enhancing trust.

Through this innovative use of Open Banking technology, Plum continues to empower users with actionable insights, fostering financial inclusion and helping millions reach their financial goals.

Tags
  • Account Information, finker, Innovation, MoneyApp, Open banking, Plum, PSD2

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finker is a trading name of ITBS Finance SMPC, a company registered in Greece (No. 801466383).
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