Moneyhub and Paragon Bank launch open banking-enabled Cash ISA via Spring app. Moneyhub, the applied AI company transforming the way financial institutions engage with their customers, is supporting the launch of Spring's new Cash ISA. Spring, Paragon Bank's savings app, launched a year ago, has already surpassed £1 billion in customer deposits and has now expanded its product range with a new Cash ISA. Moneyhub's platform enables customers to transfer money directly from their current accounts into their Spring Cash ISA. By connecting to Moneyhub's robust API-first platform, Spring has been able to seamlessly enable new Cash ISA customers to deposit money, whilst enjoying the same customer-first digital experience that users have come to expect when using Spring. By allowing savers to easily automate ISA contributions directly from their current accounts, regardless of who they bank with, the new offering builds on Spring's first-year momentum and continues to tackle widespread financial apathy, which currently sees an estimated 6.4 million UK 'current account coasters' leaving £10,000 or more in current accounts earning no interest. Collectively, that represents £227 billion sitting idle. Unlike traditional Cash ISAs, which typically require manual transfers or standing orders, and offer no visibility of day-to-day finances, the Spring app connects directly to a user's existing current account. Savers gain real-time visibility of their external balance inside the app and can move money in seconds based on what they can afford. The majority of deposits into the app have been initiated through Moneyhub's payment technology, with daily volumes doubling month-on-month, a trend Paragon hopes to see continuing. Guy Simmonds, head of digital proposition at Paragon Bank, said: "Its partnership with Moneyhub has been integral to the launch and development of Spring. Spring is a key part of its wider digitalisation strategy at Paragon, helping Open Banking Expo reimagine the savings experience for customers. "The newly launched Cash ISA is a product our customers have been asking for, and being able to offer it through Spring's familiar, trusted digital experience is a significant moment for the app and for our broader digital journey." Dan Scholey, chief product officer at Moneyhub, says: "Open Banking Expo provide the scalable data and intelligence infrastructure that allows financial institutions to easily drop in extra, high-value services as their customers' needs evolve. "Most traditional savings products still rely on manual intervention, but by embedding Moneyhub's data and payments platform, Spring has made saving effortless and automated. Helping Spring surpass £1 billion in deposits shows how our data-driven platform turns compliance and integration into a powerful engine for commercial growth." Looking ahead, the partnership is set to deepen further, with exciting plans to utilise Moneyhub's services to help more customers save effortlessly with Spring.

Moneyhub supports launch of Paragon Bank's first Open Banking-powered Cash ISA via Spring app. Paragon's innovative savings app, Spring, is using Moneyhub's technology to support new digital services, starting with a Cash ISA that allows customers to automate tax-free contributions directly from their current accounts. Moneyhub, the applied AI company transforming the way financial institutions engage with their customers, is supporting the launch of Spring's new Cash ISA. Spring, Paragon Bank's savings app launched a year ago, has already surpassed £1 billion in customer deposits and has now expanded its product range with a new Cash ISA. Moneyhub's platform enables customers to transfer money directly from their current accounts into their Spring Cash ISA. By connecting to Moneyhub's robust API-first platform, Spring has been able to seamlessly enable new Cash ISA customers to deposit money, whilst enjoying the same customer-first digital experience that users have come to expect when using Spring. By allowing savers to easily automate ISA contributions directly from their current accounts, regardless of who they bank with, the new offering builds on Spring's first-year momentum and continues to tackle widespread financial apathy, which currently sees an estimated 6.4 million UK 'current account coasters' leaving £10,000 or more in current accounts earning no interest. Collectively, that represents £227 billion sitting idle. Unlike traditional Cash ISAs, which typically require manual transfers or standing orders, and offer no visibility of day-to-day finances, the Spring app connects directly to a user's existing current account. Savers gain real-time visibility of their external balance inside the app and can move money in seconds based on what they can afford. The majority of deposits into the app have been initiated through Moneyhub's payment technology, with daily volumes doubling month-on-month, a trend Paragon hopes to see continuing. Guy Simmonds, Head of Digital Proposition at Paragon Bank, says: "Our partnership with Moneyhub has been integral to the launch and development of Spring. Spring is a key part of our wider digitalisation strategy at Paragon, helping us reimagine the savings experience for customers. The newly launched Cash ISA is a product our customers have been asking for, and being able to offer it through Spring's familiar, trusted digital experience is a significant moment for the app and for our broader digital journey." Dan Scholey, CPO at Moneyhub, says: "We provide the scalable data and intelligence infrastructure that allows financial institutions to easily drop in extra, high-value services as their customers' needs evolve. Most traditional savings products still rely on manual intervention, but by embedding Moneyhub's data and payments platform, Spring has made saving effortless and automated. Helping Spring surpass £1 billion in deposits shows how our data-driven platform turns compliance and integration into a powerful engine for commercial growth." Looking ahead, the partnership is set to deepen further with exciting plans to utilise Moneyhub's services to help more customers save effortlessly with Spring. About Moneyhub Moneyhub is the applied AI and data intelligence platform that empowers leading banks, pension providers, wealth managers and insurers to deliver intelligent, personalised financial journeys, driving better outcomes and long-term customer relationships. With an API-first platform, Moneyhub combines enriched transaction data, AI-driven categorisation, decisioning, analytics, and payment initiation services, uniting the intelligence to understand a customer with the ability to act on it. These embedded data services and applications help clients attract and retain customers, reduce operational costs, increase profitability, and improve financial wellbeing. Moneyhub is regulated by the FCA and certified to ISO 27001, underscoring its commitment to security, compliance, and innovation. About Spring Spring is an innovative savings app, but it is much more than that. It's a helpful savings companion that enables customers to earn more interest on their everyday money. Spring is so easy to use. Simply download the app, connect it to your current account and see your money grow. Open Banking connects the app to a customer's current account, enabling the seamless movement of money between the two. There are no withdrawal limits or fees, and 24/7 app support with help tools, backed by a UK customer service team. Customers can apply in minutes. Spring is part of Paragon Banking Group, PLC which is a FTSE 250 company based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group PLC has over £16 billion of assets under management, helping more than 340,000 customers to achieve their ambitions.

Brick Rewards embeds Moneyhub's Open Banking technology to reward UK renters. Moneyhub, the leading data and intelligence platform for financial institutions, announced that Rently Solutions (trading as Brick Rewards) has selected its Open Banking and advanced categorisation and enrichment infrastructure to power the next generation of its app. Embedding Moneyhub's market-leading technology directly into the Brick Rewards app will transform rent, the single largest monthly outgoing for millions, into a powerful tool for financial growth. This integration enables renters to effortlessly enhance their credit scores, access gamified rewards, and build long-term financial resilience through a seamlessly embedded data experience. Currently available to renters in London, Brick Rewards enables users to earn points simply by paying their rent on time and spending at participating local businesses. Points can be redeemed for gift cards, local perks including independent cafés and gyms, and rent credits. The app also offers a premium feature that automatically reports rent payments to credit bureau Experian, enabling renters to build their credit history without any manual effort. At the heart of the platform is Moneyhub's Open Banking infrastructure, which securely detects when rent has been paid and identifies eligible spending at partner businesses. This all happens automatically, with no need for manual uploads or thinking about which card to use to get the rewards. The launch comes as the Renters' Rights Act continues to reshape the UK's private rental market, bringing increased focus on the relationship between tenants and landlords and the long-term financial wellbeing of renters. "When I first moved to London, I couldn't believe that renters were spending 30, 40, sometimes even 50% of their income on rent every month and getting almost nothing back. Brick Rewards was built to change the relationship renters have with their payments by helping them earn meaningful rewards, get more from their everyday spending and build stronger financial outcomes over time. "Working with Moneyhub allows us to deliver that experience seamlessly through Open Banking, making rewards and credit-building effortless for renters. Our SW London launch has already shown strong demand, and we're excited to expand across London before rolling out nationwide later this year," said Josh Pavis, founder of Brick Rewards. "Open Banking is completely reshaping how we think about renting. By leveraging Moneyhub's precise data categorisation, Brick Rewards transforms the single biggest monthly outgoing into an automated engine for financial growth. Renters can now seamlessly strengthen their credit scores for the long term while unlocking local rewards in the short term. This all happens entirely in the background with zero administrative friction," said Dan Scholey, chief product officer at Moneyhub.