Moneyhub is now a supplier on Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework for its open banking and payment services.

Crown Commercial Service supports the public sector to achieve maximum commercial value when procuring common goods and services. In 2021 to 22, CCS helped the public sector to achieve commercial benefits equal to £2.8billion.

Moneyhub, a major data and payments platform built on open banking and open finance principles, helps businesses in various sectors increase efficiency and offer consumers efficient, secure alternatives to card and cash payments.

Through its work with clients including Nationwide, Lloyds Banking Group, Standard Life and Legal & General, Moneyhub has demonstrated the importance of open banking and account-to-account payment solutions.  The government organisations' ability to purchase Moneyhub services through the DPS will help more public sector services increase efficiency and experience the benefits that open banking delivers.

“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," said Vaughan Jenkins, MD of partnerships at Moneyhub. "The continued adoption of open banking technology will result in better outcomes for taxpayers and the country.”