'Tech for Good' and 'Mobile Innovation of the Year' awards
Nivo has been selected as finalists for the Tech for Good Award and Mobile Innovation of the Year Award by the Digital City Awards.
We're very excited to be recognised for our efforts in bringing better access to financial services. Even though the UK is the FinTech capital of the world, millions of people are still unable to access fair and affordable credit because of inefficient and clunky processes. Credit Unions and other community lenders offer an affordable alternative to high-cost credit, but their access is barred by old technology and long loan turnarounds.
Our product allows all financial institutions of all types to compete with the customer experience of the large UK FinTechs like Monzo or the speed and ease offered by other, less ethical lenders. As mobile messaging is the most popular method of communication from all age groups, a lot of organizations look to use it to onboard and service their applicants, but the reality is that developing the security requirements requires huge investment, which is out of scope for community lenders and the public sector.
Nivo is designed to be easily integrated with current systems and is built to the security, legal, and compliance standards required by regulated industries. With our affordable SaaS model, institutions can be setup with the latest FinTech features within the day, essentially bringing equality to the market.