New Money Dashboard app to help strengthen clients’ financial safety nets
Money dashboard announced the upcoming release of a new platform that will allow users to store all of their banking information in one place to better manage their money.
Edinburgh-based fintech says it’s’Neon silver dashboard‘Allows a user to connect current bank, savings and investment accounts, and credit cards to help them save money and build a “financial safety net”.
The platform contains features like post-billing balance information, the ability to make instant payments between accounts held at different banks, and the ability for consumers to open new savings accounts and guarantee loans from the app. These features will be available later after release. The company claims that users can save up to £ 2,160 per year using the platform.
Steve Tigar, CEO of Money Dashboard, said: “It is encouraging to see the success our users are having with savings, especially in these uncertain times. We’re excited to launch our new all-in-one platform to help even more people build their rainy day fund.
“It starts with spending smarter, not necessarily less. And knowing your available balance at all times is fabulously helpful in making good daily spending decisions and staying on top of your money.
“We believe this new platform will help create a new generation of savers.”
Neon is potentially coming at the right time, as the Bank of England recently warned of doubling unemployment across the UK to around 9%, although many saw their incomes unchanged during the lockdown period.
It puts people in a difficult financial position, and banking app technology could be a way to help people weather the Covid-19 storm.
The app is available for free on the App Store, Google Play, and the web for desktop users.