There are around 15 million people in the UK struggling to access affordable credit, who are just one unexpected bill or bit of bad luck away from a crisis. High cost credit, especially to those in a vulnerable financial position, is extremely damaging and urgently requires attention and alternative solutions. Added to this, 5.8 million […]
Posted in Digital Transformation
September 24th, 2020 by Lydia Coyle
The FCA’s first ever financial crime report in 2018 found that financial institutions across the UK turned away 1.15 million prospective customers in the preceding year, largely due to the money laundering or fraud risk that those customers posed. Current Know Your Customer (KYC) processes, therefore, are clearly preventing a portion of high-risk individuals and […]
Posted in Digital Transformation
September 7th, 2020 by Lydia Coyle
