Conventional credit scoring systems are proving inadequate to meet the evolving needs of the modern workforce. A recent study sheds light on a significant issue—UK gig workers are facing financial exclusion due to a disconnect in data access experienced by banks and lenders. The research from Rollee reveals that 70% of UK gig workers find it chal...
02 January 2024 /inclusion /markets Banking Strategy, Digital and Transformation
In the ever-evolving landscape of the modern workforce, traditional credit assessment models are struggling to keep pace with the changing dynamics of employment to accurately assess all risk signals. Financial institutions traditionally favour applicants with a single income source and a stable work history at the same company for an extended per...
13 July 2023 /startups /inclusion Fintech
Independent workers are a swiftly growing group of employees who contribute a substantial £20bn to the UK economy each year. Despite this, many of these workers struggle when it comes to accessing financial services and products such as mortgages and loans. The struggle that these workers experience is not due to a lack of funds in securing a loan...
30 May 2023 /inclusion /predictions Trends in Financial Services
Gig workers are a rapidly growing population, and this growth has been amplified with the cost-of-living crisis which has forced 5.2m workers to take on extra jobs. From delivering takeout in the evenings, providing a taxi service or freelancing, this group of employees are combating the stresses of the cost-of-living crisis with additional work. ...
16 February 2023 /inclusion /markets Financial Inclusion
The pandemic caused an undoubtable and significant shift in the way people work and earn a living. The number of people identifying as ‘independent workers’ increased by over a third as the importance of balance and flexibility at work gained priority, and people realised they could earn an income from home amidst changing circumstances. But even ...
12 September 2022 /startups /inclusion Financial Inclusion
Matt OldhamCo-Founder and CEO at Unizest
Lior LameshCo-Founder and CEO at GK8
Ameesh DivatiaCo-founder and CEO at Baffle
Anne Willem De VriesCo-founder and CEO at Silverflow
Katrin KaurovCo-Founder and CEO at Frich
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