Today, ilumoni announces that it has been granted direct Account Information Service Provider (AISP) authorisation with the Financial Conduct Authority.
Gary Wigglesworth, ilumoni CEO, said, “This is an important step forward in ilumoni’s development as we head towards releasing our beta product."
"We never want to be anything less than completely accountable for our service to customers and direct authorisation is the ultimate demonstration of this."
“We have always been able to launch to market as an Appointed Representative of our open banking partner, but as part of the FCA Innovation Hub, it was our goal to be directly authorised. That’s because we take regulatory responsibility and the ownership of direct authorisation very seriously. We never want to be anything less than completely accountable for our service to customers and direct authorisation is the ultimate demonstration of this."
ilumoni is a borrower wellbeing app that connects a user's credit report, accounts and balances to provide personalised, actionable insights into their borrowing.
© 2022 by ilumoni
ilumoni is a trading name of Monely Limited registered and regulated by the Financial Conduct Authority (928933 and 928681), registered in England and Wales (Company number 11886611), Registered Office: The Barnsley Digital Media Centre, County Way, Barnsley, S70 2JW