Reduce stress for potentially vulnerable customers and deliver faster, more accurate and sustainable outcomes.
Reduce the time it takes for agents and customers to complete an Income and Expenditure from an hour, to minutes. Powered by Open Banking, CRA data and Conversational AI, MyBudget creates a holistic view of affordability, so that every budget is accurate, resulting in more sustainable repayment agreements and lower breakage rates.
Help your customers make savings on their everyday spend with engaging gamification and behavioural psychology to encourage long-term changes in the way they manage their money.
It is estimated that there are 100 - 200m affordability assessments completed each year in the UK alone, most of which are done manually over the phone taking up to one hour to complete for customer and agent. To customers this can sometimes feel like an interrogation of their finances, they’re guessing how much they spend and they find it hard to fit a call in around their everyday lives.
The OpenWrks applications allow your customers to show you what their financial life looks like, so you can tailor a repayment solution that fits into their lifestyle not just today but tomorrow as well. Allowing you to better balance the total cost to the customer while ensuring they still have enough money to stand on their own feet.
Fill in the form to see how OpenWrks could help you turn Open Banking into better products, services and a more personalised experience for your customers.
Help your customers take control of their financial future by powering your apps with real time spending, forecasting budgeting and money coaching tools.
Help more people get the money they need and can afford. With bank verified affordability information you can make faster, more accurate and tailored lending decisions for every customer.