Moneybox integrates with Starling to enable customers to easily open ISAs and round up their spending in real-time
London, April 2017
Starling Bank, the UK’s leading next generation bank, and Moneybox, the app helping thousands of people start investing every month, today announce a partnership providing Starling Bank customers with seamless access to Moneybox’s suite of saving and investing tools.
Starling is the first digital challenger to join the list of banks supported by Moneybox for their innovative round ups feature. The service will be available to Starling customers as early as the end of April. The mobile bank’s customers will be able to link their Starling account to Moneybox, round up their purchases to the nearest pound and invest the spare change.
Made possible through Starling’s open APIs, the integration has two distinct benefits only made possible because of the innovative way Moneybox and Starling work as fintech apps compared to traditional banking products.
Firstly, it allows customer data to be securely shared between the two apps, meaning transactions will appear within the Moneybox app in real-time as customers spend.
Secondly, the integration with Starling means that customers will be able to set up round ups from their Starling account in a matter of seconds. The Moneybox app will simply request authorisation from Starling; and once the new user has tapped Agree, the signup process is complete. This will work in a similar way to logging into other apps and services with Facebook and Google.
Both Moneybox and Starling believe in using technology to make money simpler – taking out the hassle and complexity and making it accessible, transparent and clear.
Starling Bank publicly launched it’s API and developer platform to enable external developers and technology companies to integrate with the banking app earlier in April, and Moneybox is the first to launch a live integration on this API.