Coronavirus fears sparked a huge wave of UK consumer spending on groceries, with Monday 2nd March seeing highest volumes of grocery spending this year and last according to new analysis from Open Finance platform Moneyhub.
Moneyhub responds to the FCA consultation on Open Finance
Open Banking enabling the age of the ‘multi-banked’
New research from online money management app Moneyhub reveals that 42% of financial management platform users have more than one bank account, as they take advantage of technological innovation and data sharing in financial services. Moneyhub’s research found that while thousands more people are joining challenger banking providers such as Monzo or Starling Bank, 65% of those challenger bank customers also still have accounts with their previous high street lender.
