Moneyhub has added Citibank to its Open Banking integration platform.

Citibank’s tie up with Moneyhub, an Open Finance data, intelligence and payments platform is the banking group’s first Third Party Provider (TPP) integration.

Citibank, the consumer division of financial services multinational Citigroup, is the 200th financial services provider in the UK to link up with Moneyhub’s Open Banking integration.

In the UK, Moneyhub offers consent-driven access to financial data via 580 live and in production connections across 200 financial services providers - of which 100 are direct UK Open Banking providers, and a further 100 more broad Open Finance providers.

Moneyhub’s machine-learning powered analytics, insights, and tailored smart nudges enable a single API for businesses to access customer consent-driven holistic financial data.

This encompasses pensions, investments (non-advised and advised through the wealth platforms), loans, mortgages, savings, property values, and bank accounts and credit cards.

Moneyhub’s Open Finance platform also enables actionable smart nudges, which now includes Citibank as an Open Banking provider and therefore inclusion for data aggregation (AIS) and payment initiation (PIS) supported via PSD2 legislation.

The platform offers APIs, white label solutions and direct to consumer personal financial management apps.

Dan Scholey, chief operating officer at Moneyhub, said: “The UK is our flagship market and adding the 100th Open Banking financial services provider is a significant milestone for the platform and the broader industry. This addition is made even more of a celebration as Moneyhub is the first aggregation provider to connect to Citibank, one of the most popular requests from our clients.

“Open Finance and Open Banking continue to transform people’s finances. We are passionate about unlocking its transformative potential, and our constant innovation in this space means that our UK and wider European clients have access to market leading technology.”

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