EXCLUSIVE – British money management app Emma has integrated with challenger bank Monzo today.

Last week Bank Innovation reported Emma’s plans to partner with digital banks like Monzo and Revolut. Today, Monzo released a statement confirm that integration.

Tom Blomfield, CEO and Co-Founder, Monzo said in a statement today:

Making an API available opens up loads of new opportunities, for fintech companies like Emma, and for our customers. Our goal at Monzo is to give our customers more visibility and control over their money. Through our API, integrations like this become possible, meaning our customers can choose to access useful new services to help them manage their money.

Based in London, Emma aggregates a user’s bank accounts and credit cards in one app. The app uses this information to send the user alerts on overdrafts, track debt, keeps tracks of their subscriptions as well as provides personalized money saving tips.

The app is currently integrated in most of the major British banks, Emma co-founder and CEO Edoardo Moreni told Bank Innovation.

Following PSD2, Emma was granted approval to access the open APIs of major banks last week. It is now working on procuring approval to initiate payments within the Emma app. (More on this here).

The Emma app is free and available on both iOS and Android.

To learn more about the latest developments in mobile banking, join us on March 5-6, 2018 at the Parc 55 in San Francisco for Bank Innovation 2018. Click here to request an invitation.