Finexer vs Moneyhub: Which Solution Wins for Income & Affordability Checks in the UK?

Verifying income and affordability is no longer a simple checkbox for UK businesses. With FCA rules tightening and customers expecting faster approvals, relying on payslips, scanned statements, or manual reviews can slow everything down. These old methods not only frustrate applicants but also expose firms to compliance risks and inconsistent decisions.

That’s why more lenders, accountants, and fintechs are moving towards open banking-based income and affordability checks. Providers like Moneyhub and Finexer are now central to how UK firms run these processes, connecting directly to customer bank accounts (with consent) to deliver live financial data that is accurate, faster to access, and far harder to manipulate.

Both Finexer and Moneyhub deliver open banking solutions for affordability checks, but they serve slightly different needs. Finexer focuses on real-time bank data access through APIs, built for businesses that want to plug income verification and affordability checks directly into their own workflows. It’s designed for lenders, accountants, payroll platforms, and other B2B use cases that require speed, compliance, and ease of integration.

In this comparison of Finexer vs Moneyhub, we’ll look at what makes each platform stand out, where they overlap, and which one is the better fit depending on your priorities.

Finexer: Focused Income Verification for UK Businesses

Finexer is built with one goal in mind: making bank data accessible and usable for businesses that need to verify income and affordability in real time. Instead of relying on static PDFs or manual uploads, Finexer connects directly to 99% of UK banks through regulated open banking APIs. That means businesses can request a customer’s financial data with consent and receive verified income records within seconds.

What Finexer Offers

• Real-Time Bank Connectivity – Access live account and transaction data across nearly every UK bank.
• Income Verification – Pinpoint regular salary payments, contractor income, rental earnings, or other cash flows directly from the customer’s bank feed.
• Affordability Checks – Analyse verified inflows against outflows to confirm whether a borrower, tenant, or client can realistically meet future obligations.
• Regulatory Alignment – Fully authorised by the FCA, ensuring compliance with UK data-sharing and security standards.
• Developer-Friendly APIs – Designed for easy integration into lending, payroll, ERP, and accounting systems, so firms can automate checks without rebuilding their workflows.

Who It Works Best For

Finexer is especially suited to:

• Lenders who need to speed up credit approvals without cutting corners on compliance.
• Accountants and payroll platforms looking to reduce client friction by removing the need for manual documents.
• Property and rental firms that need quick tenant affordability assessments.
• Fintechs that want to build income verification or affordability features into their apps without taking on regulatory overhead.

Strengths in the UK Market

Where Finexer stands out is its simplicity and focus. It doesn’t try to be a consumer-facing budgeting tool. Instead, it gives businesses exactly what they need: a reliable way to fetch, verify, and interpret financial data, so income and affordability checks become part of the background process rather than a bottleneck.

Moneyhub: Affordability Checks with a Broader Financial Lens

Moneyhub takes a different angle on income and affordability checks. Rather than focusing only on verifying income streams, it looks at a person’s entire financial picture, including spending patterns, savings, debts, and recurring commitments. This makes it useful for businesses that need more than a snapshot of income and want to understand long-term affordability.

What Moneyhub Offers

• Open Banking Connectivity – Secure links to UK banks and financial institutions for live transaction data.
• Affordability Decisioning – Goes beyond income by analysing outgoings, financial obligations, and spending behaviour.
• Consumer Duty Alignment – Built to help firms meet FCA requirements for fair and transparent decision-making.
• Financial Wellness Tools – Provides dashboards that can be used to support customers with budgeting and financial planning.
• Partner Ecosystem – Often used by financial advisers, lenders, and institutions that want to embed affordability insights into customer journeys.

Best For

Moneyhub is particularly valuable for:

• Lenders who need a deeper view of affordability before extending credit.
• Financial advisers and wealth managers looking to guide clients based on a full view of income, spending, and debt.
• Banks and institutions that want to meet regulatory obligations under Consumer Duty while also supporting customer financial wellbeing.
• Businesses in financial wellness that want to provide customers with ongoing affordability monitoring, not just point-in-time verification.

Strengths in the UK Market

Moneyhub’s strength lies in its holistic approach. By not limiting itself to income verification, it helps firms build fairer lending models and demonstrate regulatory compliance. This makes it a strong fit for organisations that want to go beyond the basics of verification and instead embed long-term affordability checks into their customer processes.

Finexer vs Moneyhub: Key Differences at a Glance

Factor	Finexer	Moneyhub
Core Focus	Real-time income & affordability verification	Holistic affordability & financial wellbeing
Who It Serves	Lenders, accountants, payroll, rental checks, fintechs	Lenders, banks, advisers, financial wellness firms
Integration	Developer-first APIs, fast deployment	Dashboards & partner portals
Compliance	FCA authorised, GDPR aligned	FCA Consumer Duty alignment
Pricing	Usage-based, affordable, no setup fees	Subscription or partner agreements

Which Should You Choose?

• Choose Finexer if your priority is fast, accurate, and compliant income verification that fits directly into lending, payroll, or accounting workflows. It’s built for UK businesses that want simplicity, affordability, and developer-ready APIs.
• Choose Moneyhub if you need a broader affordability lens, including customer spending patterns, debt levels, and financial wellbeing tools. It’s a better fit for banks, advisers, and platforms focused on long-term financial health.