Money in Motion: First App to Integrate Open Banking for All Romanian Banks and Revolut, Partnered with Finqware

Money in Motion: A Technological Milestone in Finance

One year after its launch, the Money in Motion (MiM) app marks a technological milestone in Romania. It is the first and only mobile app for tracking personal expenses that integrates Open Banking for all banks in Romania and Revolut. Moreover, the app is 100% free, being a social project developed by the NGO ASSET—The Association for Supporting Health and Education for All.

With this integration, users can automatically retrieve all their expenses, income, and balances from all their bank accounts daily, regardless of the bank or currency. Transactions are automatically converted to RON. MiM is also ideal for managing household budgets, and syncing financial data among multiple household members, with the ability to define access levels and visibility for each IBAN account.

Iancu Guda, the founder of Money in Motion, is very confident that the launch of Open Banking will significantly simplify the process of tracking personal expenses for MiM users.

“One year after launch, with nearly 120,000 users in the MiM community, the integration of Open Banking is a natural and essential step to support financial education and automate the process of expense management. I want to thank our partners who help fund this social project that we offer for FREE, as well as our users for their trust, contributions, and recommendations. I am grateful to the technical partners who successfully implemented the Open Banking service through FINQWARE, as well as to the software company BEE CODED.” – Iancu Guda, founder of Money in Motion.

The implementation of the Open Banking service is carried out through Finqware, the largest Open Banking integrator in Romania, approved and recommended by all major banks.

What Partners Say About Money in Motion

“We are excited to announce the integration of Open Banking into the Money in Motion (MiM) app, a significant step in supporting financial education and automating the financial management of Romanians. This implementation perfectly aligns with our mission to make financial life simpler and smarter through the innovative technology we develop. The Finqware team is proud to contribute to building a financially smarter Romania.” – Cosmin Cosma, CEO of Finqware.

The app is available on the App Store and Google Play under the name Money in Motion (MiM) and can be used globally in all currencies. Bank account synchronization occurs daily at a time chosen by the user, with the option to stop the service at any time or limit access for other family members.

“Developing a solid app that reaches over 120,000 users in less than a year requires a perfect partnership between an experienced software company and a motivated entrepreneur. At BEE CODED, we are a team of professionals passionate about technology with extensive experience in software application development. We strongly believe that financial education is essential for a prosperous future, and through this partnership, we aim to make financial knowledge accessible to everyone. We are proud of our collaboration with ASSET and all the project partners, as well as the positive impact the MiM app has on the community.” – Alexandru Lamba, co-founder of BEE CODED.

Money in Motion: A Free Tool for Smarter Financial Management

Money in Motion is a tool for awareness, reducing waste, and increasing savings, available for free to anyone who wants more control over their money. MiM was launched in March 2024 and has received four major updates, introducing over 20 new features. MiM was downloaded by over 120,000 users in its first year. #MiM (Money in Motion) is a free app with a social purpose, designed to serve as a financial education tool.

The MiM app is owned and operated by the Association for Supporting Health and Education for All, a non-profit organization founded in the fall of 2023 and chaired by Iancu Guda, with the aim of increasing financial education among children, young people, and adults.

Find out more about Money in Motion in our article here.

Core Media Hub is the communication partner for the Money in Motion app.