#AffordabilityFCA

We’re talking affordability and everything that it involves in the finance & fintech sectors. Stay tuned for meet-ups, talks from thought leaders, the latest news and more on the recent FCA changes implemented as of November 1st.

#AffordabilityFCA

We’re talking affordability and everything that it involves in the finance & fintech sectors. Stay tuned for meet-ups, talks from thought leaders, the latest news and more on the recent FCA changes implemented as of November 1st.

What are the upcoming FCA changes?

Broken down into to its basic principles, the new Affordability Regulation changes from the FCA mean that when assessing a consumer’s finances, that consumer must not only be considered for credit risk issues based on past events, but also their future ability to pay off the loan or debt and any potential financial distress this may cause.

Want to know more? Take a look at our articles below, or if you have any questions we’d be happy to chat to you – find out about our affordability solutions today.

News, blogs, talks and more…

‘Dear CEO’ Letter Causes Remediation Headache

There has been considerable media coverage this week of a letter sent to the heads of some of the UK’s biggest High Cost Short Term Credit (HCSTC) lenders after the FCA demanded that they investigate whether compensation was due to customers, and remediation be...

Assessing Affordability with Credit Reference Agencies

As we at The ID Co. have been exploring throughout the course of this month, affordability is now a central tenet for all lenders in their dealings with consumers. Thus far we have explored the rationale for the FCAs decision to  demand lenders take affordability into...

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What’s coming up?

1st Nov

FCA AFFORDABILITY DEADLINE

UK | DEADLINE

Need an Affordability solution?

Learn how Open Banking and DirectID can help your business get ready for the new affordability regulation changes today.

19th Nov

Open Banking Excellence

EDINBURGH | MEET-UP

Join the Edinburgh based meetup to talk real-world use cases for Open Banking, and how it is being used to solve affordability regulation challenges.

 

FIND OUT MORE

27th Nov

Open Banking Expo

LONDON | CONFERENCE

Join us at the must see event of the year, the Open Banking Expo. We’ll be there presenting on leveraging Open Banking for affordability and customer centric risk challenges.

 

FIND OUT MORE

Get the Frictionless Finance Report sent straight to your inbox.

Subscribe to our newsletter below and we’ll send you the latest news from the #fintech industry as The ID Co. and others work to break down barriers and create frictionless finance solutions.