A little more from James Fell from Credit Canary sharing his observations about future challenges to cost of living… something underlined with yet another further interest rate rise today… could FinTech and innovation areas that can offer consumers some relief… certainly a possibility… Find out more about Credit Canary-> Here.
James Fell from Credit Canary talks about how it is not just enough to understand historical spending patterns these days, but also be able to project these forward. Given the changes from cost of living shift, these together with timely data are becoming critical to understanding changes in affordability and being able to present personalised support recommendations too. Find out more about Credit Canary-> Here.
James Fell from Credit Canary discusses some of the gaps he has seen in assessing both new and existing customers for creditworthiness and the likelihood of financial difficulties. The timeliness of the information and the detail shared have both been barriers to forecasting forward. With pressing issues from the cost of living, and dynamics changing from what they have been historically, it is becoming ever more important to head off issues and provide solutions…. especially as it continues to evolve… Read more