Using Open Banking for overspending prevention
Ecospend is a financial data and payments platform built exclusively for Open Finance since the inception of PSD2. Their proprietary end-to-end technology enables them to deliver agile and comprehensive solutions to clients without the reliance on either third party or legacy systems.
What's the Open Banking use case?
The Adzuki app by Ecospend unifies all your bank accounts and credit cards in one easy to use platform utilising the Open Banking API framework. It analyses your accounts using cutting edge machine learning and is able to categorise and ring fence funds to prevent overspend, unused direct debits and where possible detect fraudulent behaviour on your accounts. The app gives clear breakdowns of your spending and compares this to previous habits and offers tips and advice as well as smart notifications. Additionally, it provides tailored and bespoke financial products and services based on your financial circumstances.
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