January, 2018 – London-based Emma Technologies LTD has been approved and registered with the Financial Conduct Authority under the Payment Services Regulations 2017 for the provision of payment services. The company reference number is 794952. After successfully launching a closed beta in early December, the company can now fully operate under the new PSD2 scheme enacted in the UK on the 13th of January.
Emma is currently building the banking app for millennials (iOS and Android), a mobile only solution that helps consumers avoid overdrafts, find and cancel subscriptions, track debt and save money. The product aims at providing a consumer focused banking experience, with the only aim to improve the financial situation of its users.
In the past years, managing money has become extremely difficult. People tend to have multiple accounts, several contracts, different credit cards and the challenges of having everything under control keep growing. Emma wants to put an end to this. Money management should be easy and straightforward. Consumers should be able to access all the information regarding their personal finance from the push of a button.
Emma is here to solve this problem and try to give customers a different banking experience, which puts them first, not their money or background. The company believes anyone should have an advocate that is able to help in the daily life, no matter who they are and where they come from.
“We started developing Emma on a mission to improve people’s financial well being. We are thrilled to announce the FCA has given us full permission to achieve our goal. Further, we are happy to share we are currently working to integrate a series of challenger banks and savings solutions to further extend our offering.” – Antonio Marino, CTO and Co-founder of Emma Technologies LTD.