Consumer Duty Compliance Moneyhub Our experienced team is here to support you now and in the future. moneyhub, 101 victoria street, bristol, england, bs1 6pu, united kingdom 0117 280 5155 hello@moneyhub . get consumer duty compliant, now and in the long term. moneyhub's open finance and open data solutions raise the bar on customer centricity with improved customer outcomes. Reference no. 809360 at fca.org.uk register. moneyhub financial technology limited is registered in england and wales with company number 06909772. registered address: c o roxburgh milkins limited merchants house north, wapping road, bristol, bs1 4rw, united kingdom. ©️ moneyhub financial technology limited 2024.
Compliance With New Fca Consumer Duty Regulations Made Easy With Moneyhub S Open Finance During the fca consultation on consumer duty, moneyhub identified open finance as the solution to help prevent a market collapse, bridge the disclosure gap, and to significantly reduce the cost of compliance. in addition, it opens new opportunities for businesses to use consent based consumer data to identify and develop new hyper personalised. Embracing the use of third party open data solutions is the best way for firms to meet consumer duty requirements while seeing a tangible impact on their customers’ day to day finances, and satisfaction levels.”. moneyhub reveals how much work firms still have to do to ensure consumer duty compliance, and suggest open data is the way to go. Consumer duty compliance is an integral feature of moneyhub's open data powered technology." moneyhub's open finance technology can: aggregate account information from the widest range of sources in the uk (200 uk financial institutions and 700 products plus international account aggregation). Speaking on why the industry must take consumer duty seriously, samantha seaton, ceo of moneyhub describes the regulation as “so much more than a box ticking exercise.” she explains how the regulation “shifts the responsibility from the consumer to us, the financial services industry, and in particular the product providers.”.
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