LendingMetrics’ Post

🔎 Identifying and assisting vulnerable customers with DeeJoop. 🚀 In line with the Financial Conduct Authority’s Consumer Duty regulations, firms are required to prioritise customers’ needs. One specific point focusses on customers with characteristics of vulnerability. The FCA requires lenders to: ✅ Identify customers in vulnerable circumstances. ✅ Understand the needs of these customers. ✅ Act to meet those needs where necessary. To meet these requirements effectively, lenders must have access to the most accurate and up-to-date financial data available. This enables a thorough analysis of a borrower’s spending patterns, allowing lenders to identify potential vulnerabilities and determine opportunities for providing additional support. 👉 Discover how DeeJoop can enable you to help vulnerable borrowers today: https://lnkd.in/dTewSCv4 #FinTech #FinancialInnovation #CreditRisk #DeeJoop #LendingMetrics #ItsYourTime

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