Affordability Checking

Why lenders must act now on Open Banking, affordability, vulnerability, and customer outcomes

Why lenders must act now on Open Banking, affordability, vulnerability, and customer outcomes

Many people will turn to credit to get through the winter. Many more will review existing credit arrangements to make ends meet. Those already struggling to make their repayments will be looking to their lenders for support. Is the industry ready to respond?  

Based on two reports issued by the FCA in November, it appears not. 

From what, to how: Practical Open Finance Consumer Duty solutions

 From what, to how: Practical Open Finance Consumer Duty solutions

With the focus now shifting from the what, to the how of Consumer Duty, this short guide explains how to evidence good outcomes and avoid foreseeable harm by embedding Moneyhub’s Open Banking solutions in your customer journeys, consumer propositions and process flows.