Handle: Open Banking Beta Test

Join our beta test today and be one of the first small business owners to supercharge your bank account, take full control of your cash flow and see your financial future, for free.

Handle Open Banking Beta test

Signing up to our beta test will give you free access to:

  • Predictive cash flow  - Check your current bank balance plus see what your balance will be next week, next month or next quarter.
  • Predictive alerts - Get foresight about potential risks so you can take action before they cause you stress or sleepless nights.
  • Save money  – Smart price comparisons to save money on your business essentials.
  • Credit re-imagined – Know if you’ll be approved for finance before you need to apply so you can always seize opportunities to grow your business.

Beta Test FAQ’s

What is it?

We've created our beta test to supercharge any business bank account securely with Handle, the first mobile app that helps ambitious, growth-hungry small business owners, not just know if they can pay the bills, but what the future looks like.

Keep on top of your business finances with live updates of your current cash position, alerts about what’s happening and predictive forecasts of your cash position next week, month or quarter. Plus smart product matching designed to save you money on the things you buy, digital action plans so you can grow top line sales and taking control of your credit score so you are approved for finance before you need to apply.

Who can use it?

Any small business owner or director can use it to manage their business' finances. Today we can connect with the 9 largest UK and Northern Ireland banks; Barclays, Lloyds/TSB, Santander, HSBC, RBS/Natwest, Nationwide, Allied Irish Bank, The Bank of Ireland and Danske Bank.

What will I get?

You’ll get unlimited free access to Handle.

What do I have to do?

All you need to do is sign up to join our beta test and we’ll be in touch.

Over the course of the beta test, we’ll ask for your feedback to ensure we make it the best financial tool for small business owners.

Can I opt out

Yes. You can opt out of the beta test at any time.

How secure is it?

Very. We take data security and data protection seriously.
We are authorised and regulated by the Financial Conduct Authority (FCS) and registered with the Information Commissioners Office (ICO). In order to access Open Banking data we one of a very small list of approved and authorised businesses listed on the open banking directory.

Open Banking FAQ’s

What is Open Banking?

Open Banking is the revolutionary movement that will allow all of us to take control of our own financial data. Finally, we can choose to share our banking information with trusted third-parties to get the things we want faster, cheaper and easier than we do today.

What’s the background to Open Banking?

Way back in 2013 The Competitions and Markets Authority (CMA) started a review of the current UK retail banking industry.

Incredibly it took a 3 year-long review before the CMA published a report in August 2016 that unsurprisingly found that the financial services industry lacks innovation and more importantly, competition. The CMA found that smaller financial technology (Fintech) companies are unable to penetrate the banking market as it’s dominated by the big name banks.

Because of this review, the CMA and the Government ordered the largest 9 UK banks to start creating Open Banking API’s that allow the passing of data from one party to another securely. The deadline for delivery of these APIs is January 13th, 2018.

Who can access the Open Banking API?

Each participating bank will create their own Open Banking API. Trusted third parties approved by the banks and the financial regulator, the Financial Conduct Authority, can then, with the data holders permission, access specific data from their bank.

Which banks are building an Open Banking API?

There are 9 UK and Northern Ireland banks that are building Open Banking APIs;

  • Barclays,
  • Lloyds,
  • Santander,
  • HSBC,
  • RBS / Natwest,
  • Nationwide,
  • Allied Irish Bank,
  • Danske Bank.

What if I don’t want to share my data?

No one other than you can share your data with these trusted third parties. You’re in complete control of who you share your data with.

When does Open Banking launch?

The 9 largest banks mentioned above have been instructed by the CMA to have their Open Banking APIs available by 13th January 2018.

How secure is it?

Open Banking is highly secure. Not only does it all exist within the banks existing highly secure technology platform, APIs themselves allow highly secure transfer of data. You need to authorise the connection between the two parties, which means neither party needs to see your full security credentials and you always stay in control of the data you share, with who and when.

If you have any questions about our beta test, you can get in touch with us at [email protected].