Planky writes
7 March 2023
With Planky API, businesses can streamline their reconciliation process and save time and resources. By automating the reconciliation process, businesses can avoid errors and reduce the risk of non-compliance with accounting regulations.
6 September 2021
Here at FriendlyScore we are constantly looking for new ways to improve our services and deliver you the most cutting edge solutions. We recently made several improvements to our scores to give you the clearest picture of financial credibility and liquidity yet.
19 April 2021
Integrating third-party open banking software into an existing platform can be a lengthy and complex procedure that interferes with daily business. FriendlyScore’s web-based solution avoids this process altogether so your business can begin using open banking technology immediately.
23 March 2021
Gathering and manually analysing paper statements to assess would-be borrowers’ credentials has long been a staple of the mortgage industry. But in the open banking era, automated processes using digital information that is more accurate and less susceptible to fraud will soon replace these methods.
1 March 2021
If you operate or work for a credit union (CU) you’ve likely heard of or are familiar with open banking, which enables members to quickly and securely share bank transaction data with a CU. And while it has proven to be a game-changer in the financial industry, your organisation may not yet be implementing it.
22 February 2021
An individual's salary is one of the most valuable data points extracted from raw open banking data. It is also one of the more difficult to assign accurately. This week sees FriendlyScore upgrade their transaction classification model to address this issue directly.
11 September 2020
FriendlyScore is delighted to announce the launch of our new SME Client Dashboard, an intuitive data interface that gives lenders a comprehensive analytical overview of their small business customers’ financials.
29 May 2020
Open banking represents a significant step forward in the way we perform our daily financial tasks. The regulation, which enables you to share your bank data with authorised FinTech third-party providers, led to a stream of digital-age innovation aimed at making customer’s lives easier hit the financial services mainstream. Whether you’re an individual or a business, open banking has got something for you.
25 May 2020
Open banking is a simple idea: individuals can share their financial data with whichever authorised third party provider they choose. This seemingly straightforward change in banking regulations paved the way for a host of revolutionary innovations which aims to redefine the way we do finance.
18 May 2020
In this article, we investigate how FriendlyScore can help betting companies safeguard their customers from gambling-related harm during the COVID-19 pandemic.
14 May 2020
FriendlyScore are pleased to announce the launch of our Customer Centre, which brings the power of open banking analytics directly to your fingertips. Available as a free to use tool on our website, the Customer Centre provides you with a user-friendly dashboard which displays a range of analytical insights into your financial data. All you have to do is connect your account.
9 May 2020
Much has been written about the revolutionary potential of open banking: it’s ability to aggregate data and enable users to view all of their accounts in one place; the deep insights provided by bank transaction data which results in better analytics; and the empowerment of customers as a result of giving them complete control over who can access their data. These are all game-changers for sure, but one of it’s more overlooked assets, and one which could be of key importance at this time, is its ability to deliver financial data in real-time.
4 May 2020
In this article we take a look at how COVID-19 is impacting the financial services industry and its customers. We also discuss how financial service providers can best adapt to the new reality and meet the changing needs of customers.
28 April 2020
FriendlyScore is delighted to announce the launch of their new Personal Finance Management (PFM) toolkit, an agile software solution which gives businesses the opportunity to deliver powerful open banking analytics directly to their customers.
6 April 2020
Credit scores have long been the benchmark for determining whether or not you are eligible for credit. Credit scores also determine the quality of credit you will receive: a higher score generally translates to lower interest rates. Whilst it is easy to determine the eligibility of individuals at either end of the scoring spectrum, there exists a subset of customers in the middle known as “near-prime” for which things are less clear.
13 March 2020
Open Banking recently celebrated its second birthday in the UK. Whilst it has received criticism from some quarters for being slow out of the blocks, it has now gathered more than one million active users, and an increasing number of innovative use cases coming from the FinTech sector could make 2020 the year that Open Banking finally cracks the mainstream.
26 February 2020
Small and Medium Enterprises (SMEs) account for the vast majority of businesses worldwide and are a crucial driving force behind job creation and economic development. However many SMEs report being underserved, especially when it comes to accessing finance. We investigate how the FinTech sector is working to address such problems.
29 January 2020
Open Banking is revolutionising the way we approach finance. By giving individuals unprecedented control over their financial data and who they share it with, Open Banking has led to a greater consumer demand for more innovative services, improved personalisation and a wider choice of products. In turn, providers are looking for ways to meet these needs.