@martin_zlocha Hi Martin,
We are actually using a 3rd Party API provider called Yodlee operating under Bank Level Security protocols and who have secure partnerships directly with many major financial institutions. Hence we never store your online banking credentials on our servers.
As far as Yodlee goes, they have a completely spotless security record after 17 years in operation, are regulated by the U.S banking regulators and are used by large corporate companies like Money Supermarket should that put your mind at ease?
Safety and security was one of our primary concerns when we put SmartBill together so decided to go with the largest and most trusted API provider we could find. We didn't skimp on costs in that department at all!
Please do let me know if any other questions!
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@martin_zlocha I'm curious how you thought the system would work without this. I had similar comments when I launched Paynote.io and it baffled me
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@itsthisjustin The same way as when I make transactions online? You get redirected to your banks portal?
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@martin_zlocha so interesting you say that. When my setup looked like that, people were less likely to do it because they thought it looked even more like a phishing scam. Take a look at Plaid.com and let me know your thoughts on their approach
@itsthisjustin@martin_zlocha Yes that is really interesting. Note that from 2018 UK banks will be opening up their API's so we will be able to link directly :-)
Hopefully this doesn't turn people off as in Justin's experience!
Hi Product Hunters!
I am Nikhil, CEO and Co-Founder of SmartBill.
SmartBill is the UK’s first bill & subscription management platform that saves you money on your bills & subscriptions.
We created it because we found it increasingly difficult to keep a track of our own bills and subscriptions.
We would often find ourselves paying for subscriptions that we didn’t intend to when we joined up free trials for products, which then starting charging us without our knowledge and without further notice at the end of the trial period! I am sure others have been there too!
SmartBill solves this problem and quite a few others by doing all of the following!
– Shows you all of your recurring payments, which in the UK includes Subscriptions, Direct Debits and Standing Orders in one convenient place
– Allows you to cancels any unwanted subscriptions in a single click!
– Sends you reminders about your insurance renewal dates so you can avoid automatically renewing at more expensive prices
– Warns you of any price hikes, duplicate payments or overdraft fees that you were not expecting
– Provides a weekly / monthly expenditure analysis to show your expenditure by category (should you wish to track beer consumption for instance ☺ )
– Will in future automatically recommend cheaper deals across all of your other (non-subscription) bills. i.e. Mobile, Broadband, Gas, Electricity and others (in the pipeline)
– Operates on a secure platform, employing Bank Level Security, and complete data privacy for your total piece of mind.
Product Hunt Offer: Sign up from Product Hunt today to secure “early adopter” access to a whole raft of “coming soon” features before they are released to others.
It’s already a free service to this is the best we could offer you guys ☺
You can read more about our motivations in this blog post: https://blog.smart-bill.co.uk/20...
And in this PR Release: http://www.prnewswire.com/news-r...
Please don’t be shy and feel free to ask any questions that you have!
We are here!
Best,
Nikhil
P.S – It’s a service we have tailored to best serve UK customers but those in other territories should see some benefit too (subscriptions only, not other bills), as non-UK banks are supported.
@martin_boddeker Thanks indeed! I see what you mean by already cancelling your unwanted subscriptions. However, should you not wish to get caught out in the future then feel free to set up an account and we'll alert you of any new subscriptions as they arise.
We also give you price hike alerts, renewal reminders and spend analysis in case you are interested!
Hi All,
Please excuse us, it seems our site is temporarily down due to traffic!
We are working on this - however please do comment here if you would like to be a user and we'll reach out to you asap!
Sincere apologies
Best
Nikhil
@dainiskanopa Hi Dainis,
Thanks for your interest. No we will never charge you any money for this service - it's completely free.
We will never even ask you for your card details.
We will aim to monetise in the future, if users by cheaper products from us and we will get referral commisions from the product providers themselves.
Is a free service for users! Always.
@udimov Thanks for your enquiry! We use a secure portal (17 year blemish free record) to connect with your bank. Our systems then are able to identify subscription payments being taken from your account. If there are any you didn't know about / forgot, then we will reach out to have them cancelled for you.
Please let me know if any other questions!
Best
Nikhil
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