The cost-of-living crisis is impacting people’s ability to access affordable and appropriate financial services, including credit. In this RiskView series with LexisNexis Risk Solutions UK & IRL - Financial Services and Businesses, we explore exactly this. And in this interview, I am joined by Hayley Bromilow, Chief Operating Officer at Innovate Finance to explore a wide range of topics, including the FCA’s new guidance around understanding the needs of vulnerable customers and how the sector should respond.
We explore the rise in people struggling to access fair and affordable financial services, as well as consider:
• Is it time for a change in current methods of credit scoring?
• How the fintech sector is coping with the rising cost of doing business?
• Is there an imbalance in the use of technology for AML compliance and what is preventing faster adoption in this area?
@innovatefinance @lexisnexisuniversity184 @LexisNexisUK
▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
00:00 - Intro
00:17 - joined today Hayley bromilow
01:05 - UK fintech ecosystem membership
02:14 - New research by Alexis Nexus
04:41 - Technologies one of the innovative Finance ?
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