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HSBC new app to give consolidated view of accounts

HSBC BankHSBC has introduced Connected Money app, which enables its customers to consolidate all their accounts information from all providers in one place. The service is live for all customers, who can see their UK current accounts, savings accounts, mortgages, loans and cards held across 21 banks, including Santander, Lloyds and Barclays, in one app. Connected Money also has a spending analysis feature, showing customers how much money they will have after bills, and in-app messaging for insight into finances. The bank is also proposing to introduce a feature that rounds up debit card purchases and puts the extra money in a savings account, and a savings ‘nudge’ tool.

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