Plum use case
Using Open Banking to build lifetime wealth for all
Plum puts your money on autopilot. The smart money management app automates your savings, optimises your spending and provides an easy-access investment platform. It has more than 1.5 million registered customers and aims to make them 20% better off over their lifetime. The app is available to download in the UK, Ireland, France and Spain.
What's the Open Banking use case?
Plum uses Open Banking to connect to your bank account. Its smart AI analyses your income and spending patterns, and calculates a personalised amount to auto-save every week. This money can then be automatically split between your savings and investments. Plum’s AI also detects when you could get a cheaper deal on your household bills, or earn a small reward through cashback.