Tink and Snoop team up to help UK customers navigate cost-of-living crisis

Open banking platform Tink and money saving app Snoop have teamed up to provide UK consumers with personalised money management services to fight the cost-of-living crisis.

Tink teams up with Snoop to help UK customers save

Through the partnership, the two companies aim to provide UK customers with real-time insights on how to cut their bills, pay off debt, grow their savings and save when spending.

“For many, money can be tough,” the two firms say. “At best, it’s unexciting. At worst, it can be complicated and stressful.

“This partnership is designed to help everyone get on top of their finances, provide proactive and timely money management and build financial capability across the UK.”

Tink, founded in 2012 in Stockholm, is an open banking platform enabling banks, fintechs and start-ups to access aggregated financial data, initiate payments, enrich transactions, verify account ownership and build personal finance management tools, all through one application programming interface (API).

It claims a network of more than 3,400 banks that reach more than 250 million bank customers across Europe and the firm became a wholly owned subsidiary of Visa this year.

Founded in 2020, Snoop is a consumer-focused money app helping people save money.

“With inflation at its highest in over forty years, services like Snoop are invaluable as the cost of living continues to soar,” says Tom Pope, head of payments and platforms at Tink.

“By providing proactive money management insights, through data that shows consumers where they can save — this is a collaboration that is demonstrating the real-world value of open banking.”