Emma integrates Chip savings in money management app
Savings app Chip and money management app Emma are joining forces in an open banking collaboration team to allow UK customers to track their automatic savings and savings goals within Emma’s dashboard.
“Make wiser and more transparent decisions”
Edoardo Moreni, Emma CEO, says: “Emma was built to empower millions of individuals to live a better and more fulfilling financial life. Our users can now manage and track their Chip savings alongside more traditional finances to make wiser and more transparent decisions.”
Open banking regulation launched in January 2018 and Emma says it is riding on the momentum building within the UK consumer market.
Emma customers can follow their money and financial habits on a dashboard, which analyses their spending patterns. Emma also offers other features like the ability to predict when users are about to hit their overdraft.
If Emma gives customers oversight of their finances, Chip optimises and automates them.
By connecting Chip to your current account, Chip analyses your spending behaviour and automatically saves money.
Just late last year, Chip completed its Series A crowdfunding round on Crowdcube, raising over £4 million.
