The Finvence I&E and Affordability platform is used by a wide variety of professional and financial service firms. It is one of the leading I&E assessment technologies in the UK's debt management and volume IVA sectors. Deployed in conjunction with the myFinsights digital consumer portal, the system has delivered unparalleled efficiency, precision and client engagement in affordability assessments.
At a Glance - Key Statistics
Over a rolling 12-month period the Finvence I&E platform has delivered for clients:
- >60% - OPEX saving in conducting a detailed affordability assessment
- £953 - average monthly income optimisation discovered for consumers
- >95% - direct consumer engagement with the myFinsights digital portal:
o 30% preferred to share Bank Statements for automatic processing
- 75% - reduction in arrears through pro-active course-correction engagement and precision I&E
- >35% - increase in consumer's disposable income identified through actionable saving initiatives
Other Operational Benefits
Finvence I&E also continues to delivers other holistic and qualitative benefits for professional firms such as:
- Standardisation of assessment process across staff, departments and geo-location
- Volume Scalability without compromising accuracy
- Automated vulnerability detection and deep spending insights and alerts
>60% OPEX reduction in I&E assessments
