Snoop wins regulatory approval from FCA
Fintech start-up, Snoop has taken a giant leap forward in its ambition to help make everyone better off by being approved by the Financial Conduct Authority (FCA) as a Registered Account Information Service Provider (RAISP).
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Snoop connects to a customers’ current accounts and credit cards through Open Banking, and using a combination of both artificial intelligence and human intelligence, delivers data-driven, personalised insights to help consumers avoid rip-offs and make the most of their money.
As well as giving a complete view of a customers’ finances, Snoop will suggest smart ways for everyone to make more of their money based on their outgoings and spending. Everything is being designed to give consumers control and convenience, improve their banking experience and make their lives easier.
Scott Mowbray, co-founder at Snoop said: “At Snoop we want to make peoples’ lives easier, inject some hustle and take away the hassle of managing money. Banking is in desperate need of a gamechanger and that’s what Snoop is gunning for.
“Now that we’ve got regulatory approval from the FCA we can move towards executing our launch plans. We’ve already got thousands of people signed up and waiting for the first version of Snoop and we will now prepare the ground for our closed group beta in the New Year before rolling out Snoop to everyone. We want to change the way people look at their money and we can’t wait to get started.”
The Snoop app will be available next year on iOS and Android and aims to help consumers take back the billions lost to loyalty by helping them to effortlessly access and switch to the best deals available to them, wherever they spend their money.