Transforming public sector payments
From tax bills and parking fines to refunds and benefit payments, Open Banking technology will make a difference. Plus, Open Data APIs will enhance identity and affordability checks.
Support citizens and companies
while increasing efficiency
Moneyhub is proud to be a Crown Commercial Service supplier of Open Banking services. At the forefront of the industry since 2014, we’ve partnered with a wide range of organisations throughout that time, changing the status quo of how they interact with people.
At Moneyhub we share a vision for improving the financial wellness of people, their businesses, and their communities. We’re ready to work together to help you improve the UK’s financial wellbeing.
Shaping Open Finance since 2014
Co-founders of FDATA and the financial grade API known as the FAPI spec, the standard underpinning Open Banking in the UK, Europe, Japan, Australia, Canada and Brazil.
We access the largest number of Open Banking, Open Finance, and Open Data connections covering 37 countries.
Relied upon by hundreds of organisations, spanning finance to media and retail.
National Government
From the collection of taxes and the payment of National Insurance contributions to the distribution of grants and benefits, national government bodies can experience significant cost benefits and process improvements. All by using Open Banking, Open Finance and Open Data services from Moneyhub.
Our full range of Account Information Services, income and spend categorisation and Payment Information Services help government departments to:
• Process inbound payments more effectively.
• Make payments to citizens, care providers and more.
• Inform national policy-making decisions.
• Boost financial inclusion for all citizens.
• Improve crisis management responses.
Local Government
By using verified information, Open Banking enables direct and instant payments between two bank accounts with minimised risk of human error or fraud. No input of sensitive data (like card details) is required when making a payment. Plus, it’s cheaper than card payment and more flexible than Direct Debit.
Councils can use Open Banking payments for several types of transactions, allowing them to initiate instant and direct account-to-account payins and payouts, for example:
• Demand notices
• Service bills
• Penalty charge notices
• Rent payments
• Benefits and discretionary funds
Social Housing
Our Open Banking data capabilities, can transform the way local authorities work. Including instant confirmation of account ownership and income verification, the technology provides fully accurate financial information extracted from a citizen’s verified bank account data.
Discover the benefits:
• Confirm full name, sort code and account number
• Verify recurring payment setups
• Minimise fraud or human error
• Perform checks on a customer’s ability to pay for services
• Assess eligibility for benefits & discretionary grants
And more!
The solutions available for government agencies
Seamless secure payments
Allow citizens and companies to pay personal tax, business rates, rent, council tax, penalty charges and more with a simple click at a lower cost.
Faster refunds and payouts
Process tax rebates, benefit and state pension payments and more with streamlined open banking.
Check ability to pay and build financial wellbeing
Account Information Services, including income verification, affordability checks, identity checks, funds & transactions tracing and fraud services.
Confirmation of payee
Real time bank account data to confirm payee account details reduces the risk of error payments and minimises losses due to fraud.