Qpal

We’re working on something new with Open Banking! Coming soon.

[Financial Conduct Authority @TheFCA]

Over recent weeks, Digital Sandbox Pilot teams have developed innovative products and solutions in response to challenges posed by the #coronavirus. Join us on 8, 9 and 10 February for our solutions showcase.

Register & read more https://t.co/8IU8Fj3Auq
#coronavirusuk #covid19

[Qpal @QpalFintech]

Money management techniques have passed through generations.

Open Banking now makes data more readily available.

We believe the future lies in automation, and removing the burden of consumers manually tracking, calculating and making hard decisions.

[Ends]

[Qpal @QpalFintech]

Some do it in the bedroom. Some do it over the phone. Some do it on top of the kitchen table. Some do it long into the night, whilst others save it for the weekend…

How and where we manage our finances definitely varies from person to person.

[THREAD]

[Qpal @QpalFintech]

Predicting future spend and cashflow shortages for consumers will bring tremendous value before trouble hits.

Proactively identifying when a customer is overpaying interest on credit cards, and automating better alternatives to service debt more efficiently is a winner.

[Qpal @QpalFintech]

We believe now more than ever that employers should be placing #financialwellbeing prominently in their benefits, CSR, HSE and retention strategies.

Strengthening the financial health of employees is too important not to.

[ENDS]

[Qpal @QpalFintech]

Our last thread mentioned how financial pressure creates a negative impact on mental health for consumers.

We’ve been delving deeper on this topic on @TheFCA Digital Sandbox, particularly looking at how financial distress leads to problems in the workplace.

[THREAD]

[Qpal @QpalFintech]

Pro-actively addressing financial distress with technology will lead to;

1) a healthier and more engaged workforce
2) employees carrying less stress, anxiety and depression
3) employers able to identify and support the most vulnerable