28 May 2018
https://www.avoka.com

Intelligent Environments becomes first vendor awarded Fairbanking certification

04 December 2014  |  1900 views  |  0 Source: Intelligent Environments

Intelligent Environments, the digital financial services vendor, today challenged banking providers to make the improvements necessary to achieve a Fairbanking Mark by October 2015.

The Fairbanking Foundation - a not-for-profit charity dedicated to encouraging banking institutions to improve the financial well-being of their customers – has set the industry a target to achieve an additional 15 Fairbanking certifications by October 2015.

The Fairbanking Mark product set includes current accounts, regular savings products, credit cards and personal loans. In each case, the qualifying banking providers' product is given a rating ranging from three to five stars that scores how well it helps customers manage their money and achieve an enhanced sense of financial well-being.

As a means to achieving this, Intelligent Environments has been working with the Fairbanking Foundation to ensure its products are capable of helping both current and prospective financial services clients achieve a Fairbanking Mark and rating. As a result, Intelligent Environments is the first member of the vendor community to be Fairbanking 'Ready'.

David Webber, managing director of Intelligent Environments, said "We are delighted to already have one client achieve a four star Fairbanking rating and really hope we can deliver more. The Fairbanking Foundation's goal for 15 financial services providers to achieve Fairbanking Mark certifications by October 2015 won't just be a boon for customers, but the wider financial services industry as well."

CEO of The Fairbanking Foundation, Antony Elliott OBE said, "We are really pleased that the vendor community is getting behind and supporting this unique opportunity for the banking sector to prove to the public that it is changing its culture for the better."

'The Fairbanking Mark Challenge – 15 by 2015' will culminate in a prestigious ceremony in October 2015 to be held at the Guildhall in London. The event will celebrate the number of customers that have been helped to better manage their money through use of these certified products and the efforts of participating providers in improving their products to achieve certification. 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit www.vasco.com/news/mobile-firstvisit www.ebaday.com

Who is commenting?

Top topics

Most viewed Most shared
satelliteAnt Financial provides tech for China Ever...
37079 views comments | 3 tweets | 2 linkedin
Digital banking transformation creating new systemic risksDigital banking transformation creating ne...
9358 views comments | 18 tweets | 26 linkedin
ING opens developer portalING opens developer portal
8018 views comments | 18 tweets | 23 linkedin
MUFG to roll out blockchain payment network next yearMUFG to roll out blockchain payment networ...
7949 views comments | 13 tweets | 13 linkedin
PayPal and Google bind payment railsPayPal and Google bind payment rails
7653 views comments | 11 tweets | 17 linkedin

Featured job

(GBP Equivalent) Six-Figure Base + OTE + Benefits
New York City, NY - USA

Find your next job