Moneyhub will provide Open Banking and Payment services to UK’s Crown Commercial Service (CCS) after being named as a supplier on its Dynamic Purchasing System (DPS) framework.
CCS is an Executive Agency of the UK government’s Cabinet Office, tasked with supporting the public sector to achieve maximum commercial value when procuring common goods and services. In 2021/22, it reportedly helped the public sector to achieve commercial benefits equal to £2.8 billion.
Moneyhub, is a leading data and payments platform built on Open Banking and Open Finance principles. It works with businesses in various sectors to help them offer consumers alternatives to card and cash payments. Its APIs and fully customisable platform provide data aggregation, insights, notification nudges, and payment systems.
In a statement, Moneyhub said that by enabling government organisations to purchase its services through the DPS, more public sector services will be able to benefit from Open Banking.
“At Moneyhub we’re on a mission to enhance the lifetime financial wellness of people, their communities and their businesses, and the public sector has a significant opportunity to benefit from and lead the way in the mass adoption of Open Banking solutions. The continued adoption of Open Banking technology will result in better outcomes for taxpayers and the country,” Vaughan Jenkins, Managing Director of Partnerships at Moneyhub, said.
