Open Banking platform Tink has announced a partnership with Snoop, the money saving app, to give UK consumers real-time insights into their spending habits throughout the cost-of-living crisis.

Using real-time transaction data aggregated through Tink’s Open Banking platform, the companies said the partnership is designed to help everyone get on top of their finances, provide proactive and timely money management, and build financial capability across the UK.

“With inflation at its highest in over 40 years, services like Snoop are invaluable as the cost of living continues to soar,” said, Tom Pope, head of payments and platforms at Tink. “By providing proactive money management insights, through data that shows consumers where they can save — this is a collaboration that is demonstrating the real-world value of Open Banking.”

John Natalizia, co-founder and chief executive at Snoop, commented: “Our aim is for Snoop to be an essential resource for everyone looking to navigate these turbulent times.”

He added: “Working together with Tink means we can provide contextual money-saving insights and deliver a personalised, fast and accurate customer experience.”

The partnership follows Zopa and ClearScore’s cross-industry initiative setting out actionable steps for UK consumers to build up their financial resilience.

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