Moneyhub Becomes First TPP to Connect Co-op Bank, Smile Bank, and Kroo Bank
January 23, 2024

Moneyhub, the data and payments platform, has become the first third-party provider (TPP) to connect to Co-op Bank, Smile Bank and Kroo Bank.

The Co-op Bank is the UK’s first ethical bank providing a range of banking products and services to c.2.7 million retail customers, as well as providing business loans, credit cards and deposit products to a growing pool of UK businesses. Smile Bank, a trading division of the Co-op Bank, was the UK’s first, and original digital bank offering full-service current accounts, savings, ISAs, investments and credit cards.

Kroo Bank, a digital bank launched in December 2022, aims to change banking for the better, offers customers a current account, an overdraft, deposit protection up to £85,000 and zero fees on spending abroad.

More than 150 million people have access to Moneyhub’s technology through their partners such as Aon, Standard Life, and SEI Investments, or directly through its personal finance app which can be accessed through the App Store, or Google Play. Its technology offers a simple solution to connect across current accounts, savings, loans, investments, mortgages, property valuations, automotive and pensions, providing a holistic view of an individual’s finances. It enables actionable insights through its smart nudges and machine learning.

“Our users have been increasingly asking for connections to Co-op, Smile and Kroo, so we’re delighted to announce that we have become the first TPP in the UK to connect with them via open banking," said Dan Scholey, CCO at Moneyhub.

“We want to ensure that we continue to offer our users the most comprehensive set of connections in the UK to ensure they can see a true, holistic view of their finances on the app or through one of our partners’ platforms. Only with a holistic view can we truly make informed decisions on our finances, receive personalised advice and guidance, and ensure we are all prepared for later life.”