Leveraging our expertise and relationships, we’ve worked with experts from charities and Government organisations to identify real challenges faced by the financially squeezed.
To help meet these difficulties we led and funded a programme with FinTech start-ups. We provided funding which enabled them to work with experts from charities and Nationwide. A collaborative approach was adopted that was committed to generating learning throughout.
The programme successfully delivered Open Banking powered solutions to issues relating to:
- income and expenditure
- smoothing of irregular income
- support for money management. and
- help with mental health.
We’re committed to sharing our unique approach to social innovation with all interested parties. We’ve already shared with Government, charitable foundations and other financial services organisations committed to social responsibility.
The first part of an independent impact assessment by Bristol University Personal Finance Research Centre has been published. We’re in the final stages of establishing a longer-term social incubator programme, built on the learnings so far.