Edoardo Moreni

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Emma

CEO and co-founder

Edoardo is CEO and co-founder of Emma, the leading banking app for millennials. Emma is a financial advocate that helps people avoid overdrafts, find and cancel wasteful subscriptions, track debt and save money. Edoardo holds a MEng in Computer Science from the University of Manchester.

Event Sessions Featuring Edoardo Moreni


Roundtable (Breakout)

Making the Marketplace ‐ Round Table Discussion

London Summit 2018 - Monday 26 March 2018

  • All in attendance were in agreement: marketplaces are something we can expect to see coming out of every digital bank, sooner or later. But will the model become a money maker? Clark doesn't think so, suggesting that Tandem prefers to see its marketplace as simply a "benefit to the customer" over a tool for profitability. Myatt also pointed out that we have yet to determine an exact and widespread definition of what we mean by 'marketplace': does it refer to only third-party products being sold by a bank, or will banks eventually sell their own services and products within their apps too? 
  • In essence, the marketplace model should be about "putting the customer's data back in their hands" and allowing them to get the most out of it, said Barbosa. Indeed, both Chisell and Magliulo added that a marketplace should be about "giving way" to those who are specialised, in order to create the most value for their customers. Campbell mentioned that Bud has found higher traction from users sits on non-core products and services: things like energy-switching, travel perks and insurance. 
  • However Plumb warned that at times the marketplace has become a "sexy term" for a bank's partnership strategy, when what they're really offering is not a true marketplace at all. Often we speak about marketplaces as if they are just one generic product, but as in the case of robo advisors, not all marketplaces will be a good fit. Bibas suggested that each bank should develop a specific strategy for different partners, allowing them to create true customer value.
  • For the future, Moreni highlighted the need for banks to be focusing on what value in a marketplace really means to their customers. Whether you give a customer 10 or 3 choices for a service, "it doesn't matter unless you know what it is your customer needs from you," said Dallas. Muis agreed, sayng that if you want people to give up their data, banks will have to show them the value they're going to gain as a result. While a partnership strategy is a no-brainer for most, it'll be the new categories that come out of the marketplace model that will be the most exciting to watch.



Articles Featuring Edoardo Moreni

Fintech app Emma moves into the savings market

19th January 2023 | Daniel Lanyon

Plaid-powered aggregator Emma lands $2.5m seed funding

6th March 2020 | Aisling Finn

Revolut, Emma and TrueLayer in Open Banking tie up

16th July 2019 | Roger Baird

Money management app Emma just launched in the US

14th June 2019 | Oliver Smith

Consumer finance apps Emma and Chip offer joint service

9th April 2019 | Roger Baird

Monzo adds investments and peer-to-peer lending to its marketplace

14th March 2018 | Emily Nicolle

Monzo launches API with Moneybox, Starling Bank expands its payments

20th February 2018 | Emily Nicolle

Debt tracker Emma integrates with Monzo

22nd January 2018 | Emily Nicolle

Debt tracker app Emma receives FCA approval

15th January 2018 | Emily Nicolle

Digital subscription and debt tracker app Emma launches beta

4th December 2017 | Emily Nicolle