'Tech for Good' and 'Mobile Innovation of the Year' awards

Financial Inclusion
February 18, 2020
minutes read

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.

Click here to find out more about our work for HM Treasury’s Affordable Credit Challenge, and how we are making our product even more accessible to all institutions across the UK.

Receive 'Leaving legacies The digitisation of regulated Industries'

For regulated industries, where risks need to be expertly mitigated, it can be difficult to make the move away from widely adopted legacy systems.In this guide, we’ll run through the benefits and challenges of digital transformation for financial services, with practical steps on how to move away from legacy systems for the betterment of business and customers.

Written by

Stephanie Dymott
Nivo, Marketing