Digital banking solutions provider Meniga is now registered as an Account Information Service Provider (AISP) by the Financial Conduct Authority.
As a result, Meniga now plans to expand its UK product offering beyond financial services.
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In the Nordics, Meniga already has extensive experience working with non-traditional providers of financial advice such as insurers and retailers.
The FCA licence means that the company can now provide additional, regulated products and services.
This includes account information services such aggregation of account and transaction data from financial institutions. And it also includes better support for institutions that are not licensed by FCA but would like to engage with end users on their finances (like retailers or telcos).
Meniga has been providing white-label digital banking solutions since 2009. The new licence reflects Meniga’s increasing engagement with new potential partners including insurers, telcos, retailers, credit scoring & lending institutions.
The FCA licence therefore represents another step to becoming a global, one-stop shop providing full Open Banking services. Meniga’s new offer will include licensed data retrieval, insights and analytics, and a powerful API platform complemented with award-winning UX.
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By GlobalDataFCA licence: important milestone for Meniga
Georg Ludviksson, CEO and Co-Founder of Meniga, comments: “The FCA licence is an important milestone for Meniga. We will now be able to test new innovations against the Open Banking APIs and with real use cases. This will help us develop products of outstanding quality.
“A top priority of ours has always been to constantly improve. We are now even better equipped to do so across multiple sectors.”
Meniga’s portfolio includes PFM tools, automated real-time notifications, predictive analytics and personalised engagement technologies, targeted rewards and consumer data analytics.
Meniga currently serves over 65 million users across 30 countries.
Last July Meniga opened an office in Singapore complementing existing locations in Reykjavik, Stockholm, Helsinki, Warsaw, Barcelona, and London.
