Penfold use case
Using Open Banking to top up your pension
Penfold is an FCA-regulated platform that enables customers to set up, manage and track their pensions online or through its app in a matter of minutes. With a target customer base of freelancers, the self-employed and limited company directors, whose incomes can fluctuate from one month to the next, it provides 6 fund options and allows customers to transfer existing pension points into Penfold completely free of charge.
What's the open banking use case?
Penfold has integrated Payments API to deliver a seamless user experience. Using Payments Initiation, customers can now top up their pension whenever they like, through secure, seamless and instant open banking payments.
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