Transformative wealth app: revolutionizing financial growth for clients.

This will be provided through a personal finance management tool that is being developed by Moneyhub. The partnership will also enable customers to access Marygold’s investment services. This will be achieved through the integration of Marygold’s investment platform into the Moneyhub app. Partnership Overview Moneyhub, a UK-based fintech company, has formed a strategic partnership with Marygold & Co, a wealth management firm, to launch a comprehensive wealth management app. This partnership aims to provide customers with a wide range of financial services, including investment management, savings goals, and financial planning tools. Key Features of the Wealth App The wealth app, set to launch in early 2025, will offer customers a range of features designed to help them manage their finances effectively. These features include:**

Customisable Reminders and Savings Nudges: The app will provide customers with personalisable reminders and savings nudges to help them stay on track with their financial goals. These reminders will be tailored to the individual’s specific financial needs and goals, ensuring that they receive relevant and timely alerts. * Personal Finance Management Tool: Moneyhub is developing a personal finance management tool that will allow customers to track their expenses, income, and savings goals in one place.

Financial Inclusion for All

The app aims to bridge the financial inclusion gap for the underserved and marginalized communities. It will provide a platform for small businesses and individuals to access financial services, including loans, savings, and investments. Key features of the app include:

A user-friendly interface that makes it easy for users to navigate and access financial services

A mobile payment system that allows users to make transactions securely and efficiently

A digital wallet that enables users to store and manage their funds

A credit scoring system that assesses users’ creditworthiness and provides personalized financial recommendations

Safety Features for the Elderly and Vulnerable

The app will also have safety features to help with financial oversight for the elderly and vulnerable. These features include:

A secure login system that requires users to verify their identity before accessing their accounts

A two-factor authentication system that adds an extra layer of security to the login process

A system that alerts users to suspicious activity on their accounts

A feature that allows users to freeze their accounts in case of identity theft or loss

Competitive Interest Rates for Small Businesses

Small businesses will have access to competitive interest rates on working capital and cash. This will enable them to manage their finances more effectively and make informed decisions about their business. Benefits of the app for small businesses include:

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Access to affordable financing options

Ability to manage cash flow more effectively

Increased access to credit and investment opportunities

Conclusion

The app aims to provide a comprehensive financial solution for individuals and small businesses. By bridging the financial inclusion gap and providing safety features, the app will help to empower underserved communities and promote financial stability.

alina.khan@ft.com