Money Dashboard adds fractional bonds with WiseAlpha integration
17th December 2020
The award winning digital money management app Money Dashboard has today released an app integration with Level39 member WiseAlpha, making it the first to bring Fractional Bonds into the personal financial management space.
Users of Money Dashboard will now be able to view their WiseAlpha Fractional Bonds alongside the other current, credit and savings accounts and investments they hold.
Money Dashboard, the free digital money management app, aims to make it easy for everyone to master their money no matter who they bank with – the addition of investment integrations (WiseAlpha, Wealthify, Nutmeg) is the latest stage in their mission to provide users with a complete overview of their financial position.
WiseAlpha is an innovative fintech disrupting the Institutional Bond market. Having viewed the established practises as outmoded and unfair the WiseAlpha team of investment and technical experts have set about changing the way investors access corporate bonds. To that end, they have developed a Fractional Bond investment platform to help democratise corporate bond investments. Through WiseAlpha, investors can purchase Fractional Bonds, with as little as £100, ensuring all eligible investors can benefit from building and managing a highly diversified bond portfolio.
“We are thrilled to be launching our first API partnership with a revolutionary platform that helps millions of customers to budget and plan for the future. Our aim is to both democratise the bond market and bring education to the forefront of investments through our CPD accredited Bond Academy.” said Rezaah Ahmad WiseAlpha CEO.
“We’re delighted to be partnering with yet another innovative fintech. WiseAlpha is democratising access to financial products that, until now, had been out of reach to most people. We’re proud to provide more integrations than any other digital money manager, or bank, which means going further than Open Banking integrations. Our partnerships with the likes of Nutmeg, Wealthify and now WiseAlpha heralds the dawn of the Open Finance movement” said Steve Tigar Money Dashboard CEO.
This latest tie up between two leading fintechs is an example of the increasing collaboration encouraged by Open Banking, the government-backed initiative aimed at giving consumers greater control of how their data is shared between regulated parties.