Monzo and Starling customers can now use savings chatbot Plum after it teamed up with open banking firm TrueLayer. Plum monitors users' spending patterns, analyses them and then automatically puts aside an amount of money. It can also help customers invest their savings via one of seven themed options, including "ethical investments". The new service is available for free to all users in the US but will be priced at $9.99 per month thereafter.
Monzo and Starling customers can now use savings chatbot Plum after it teamed up with open banking firm TrueLayer. Plum monitors users' spending patterns, analyses them and then automatically puts aside an amount of money. It can also help customers invest their savings via one of seven themed options, including "ethical investments". Users of the two neo-banks will now be able to access Plum through their bank accounts without divulging their login details, as TrueLayer makes them available through a secure API.