Lucie Money taps Fiskil for open banking data feed

Lucie Money has partnered with Fiskil to add open banking data to its conversational AI money app, bringing the service live under Australia's Consumer Data Right.

The Sydney fintech will use Fiskil's infrastructure to access customer banking transaction data with consent and import it directly into the app. The model is designed to replace manual uploads and screen scraping with data drawn from accredited open banking channels.

Under the arrangement, Fiskil acts as Lucie Money's CDR principal and holds the accreditation, while Lucie Money operates as a CDR representative under the obligations passed through in that agreement. This allows Lucie Money to connect customers with their personal financial data through the open banking framework without holding accreditation itself.

The app is aimed at consumers who want to ask questions about day-to-day finances through a chat interface rather than navigate dashboards and reports. Users can ask what they can afford, whether a bill is covered, or how their spending has shifted from the previous month. The system responds in plain language using transaction data imported from linked bank accounts.

Anthony Voigt, Founder & Chief Executive Officer, Lucie Money, said accurate bank data sits at the centre of the product design.

"Lucie Money starts with bank data, collected securely and categorised properly. Then it helps with budgets and goals, and knowing whether you'll get there. You can't do any of that without accurate data underneath it," said Anthony Voigt, Founder & Chief Executive Officer, Lucie Money.

Lucie Money argues that open banking data gives it a more reliable base for answering questions about spending, savings and bill management than approaches that rely on customers entering information manually. It also positions the app as a private alternative to typing sensitive financial information into public large language model services.

The product is intended to help customers make decisions when they need to act, rather than simply present a historical record of transactions. Lucie Money describes the service as a money agent that monitors activity, flags issues that need attention and helps users work through financial trade-offs.

Voigt said the product is designed to address uncertainty for consumers who feel they are managing their money as well as they can but still lack confidence.

"Most people are doing their best with their money and still aren't sure it's enough," said Voigt.

"That's the gap I want Lucie Money to close.

"You don't have to do all this yourself; you have an agent by your side," he said.

The app can also be used to plan larger one-off expenses. In one example, a customer could use the chat interface to explore how to fund an overseas holiday, compare the trade-offs between regular savings and drawing on emergency funds, and assess what a weekly savings target would need to be over a set period.

Voigt said the service is intended to take a more proactive role in prompting action.

"Lucie Money keeps an eye on your money, tells you when something needs attention and helps you get things done, rather than waiting to be asked," he said.

"Lucie Money can help with a funding plan for a big one-off expense like an overseas holiday by surfacing the available options and communicating the financial trade-offs. You could chat through what a regular weekly savings goal would look like in the time available, or what it would mean to tap into emergency money," said Voigt.

Open banking role

For Fiskil, the deal adds another use case for its infrastructure in Australia's Consumer Data Right regime. The company provides access to open banking, open energy and open finance data, and also offers managed services for data holders such as banks, energy retailers and non-bank lenders that need to meet data-sharing obligations.

Jacob Parker, Chief Executive Officer & Founder, Fiskil, said the company would provide the data feeds supporting the integration.

"Fiskil is delighted to support Lucie Money's open banking data feeds as their chosen infrastructure provider," said Jacob Parker, Chief Executive Officer & Founder, Fiskil.

"The benefits of open banking for Lucie Money's customers include real-time bank data sync, enhanced security, time efficiency and personal insights," said Parker.

Lucie Money remains in build and is taking sign-ups through a waitlist. The open banking integration is a foundational part of the service and needed before the company expands the product further.

"This is an exciting first step for Lucie Money because nothing we build later will work unless the architecture is right in the first place," said Voigt.