Moneyhub has announced a new partnership that will see wealth management solution provider, Voyant, use Moneyhub’s open banking and open finance APIs throughout its adviser systems.

The partnership will provide advisers using Voyant’s platform with instant and real-time access to the complete picture of the clients’ financial world. This secure data sharing will allow advisers to expedite the fact-finding process with visibility over the client’s up to date assets and analysis of their income and expenditure in real time.

Moneyhub’s advanced financial analytics algorithms give advisers access to more granular information, enabling a more proactive and tailored service to their clients. In turn, clients could benefit from more personalised communications from their adviser who can surface the most relevant content and guidance based on their circumstances.

Voyant will consume real time data across the client’s financials from bank accounts, credit cards, investments, pensions, loans mortgages, ISAs and other financial products allowing for more accurate automatic modelling.

The solution also supports advisers with their Consumer Duty requirements by focusing on a client’s goals and providing products and services that are best suited to everyone.

Moneyhub managing director, Kim Jenkins, said: “A complete picture of a client’s financial information is vital for advisers to give personalised and effective advice. We’re excited to be working with Voyant to roll out our open banking and open finance connections to help improve efficiency, meet regulatory obligations and drive better consumer outcomes in the adviser space.”

Jenkins added: “We are dedicated to improving consumers’ lifetime financial wellness and we are delighted to be working with Voyant to support their adviser community to do just that. Consent driven, comprehensive and real-time access to financial data is critical for advisers to support their clients in achieving their long-term aspirations. Only with this information can they advise on the right products and solutions, at the right time, to deliver on those goals.”

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