A revolutionary new tool, Boshhh.io, has been launched by Boshhh to transform affordability and risk assessment reporting in the financial services and legal sectors. This innovative platform aims to provide organisations with accurate, detailed reports that significantly reduce processing costs while enhancing the reliability of consumer credit assessments.
Developed by the team behind the world’s first credit-building mobile network, Boshhh.io builds on the company’s commitment to tackling financial mis-selling and its effects on consumer credit files and overall well-being. The mobile network allows users to improve their credit scores through regular, on-time payments for their mobile contracts.
Lewis Camilleri, Founder and CEO of Boshhh, stated, “Boshhh.io represents a major step forward in supporting both consumers and the industry. The new tool not only helps in identifying financial mis-selling but also offers a more affordable and efficient way for organisations to conduct affordability and risk assessments.”
The platform benefits from an exclusive partnership with Yapily, a leader in open banking, and collaborates with top litigation firms in the UK. This alliance has enabled Boshhh to develop a fully automated system capable of identifying up to 16 different claim types for each customer in mere seconds, marking a significant advancement in financial reporting.
Yapily’s product, Data Plus+, allows Boshhh to create comprehensive financial reports using enhanced categorisation. These reports assist claims management firms in helping individuals prove they have been mis-sold various financial products. The reports support claims at all stages and can be submitted to the financial ombudsman when necessary to facilitate the claims process.
Stefano Vaccino, CEO and Founder at Yapily, commented, “Creating better, fairer financial services is not always about improvements at the point of use. It’s also about giving individuals and helpful third parties like Boshhh easy access to data, empowering them to challenge injustices. We’re excited about this partnership and will support Boshhh every step of the way in their mission to build brighter financial futures.”
In recognition of the financial pressures faced by law firms, particularly those handling claims, Boshhh.io has been designed with cost-efficiency in mind. Feedback from law firms that have tested the tool indicates significant cost savings, making it a vital resource for the industry.
Beyond its advantages for legal firms, Boshhh.io is expected to have a considerable impact on the broader financial services sector. The tool provides lenders with dependable affordability reports, offering valuable insights into consumer spending habits and affordability, thus establishing a new standard for risk assessment in the industry.
Camilleri added, “The launch of Boshhh.io is a key part of our five-year plan to advance financial reporting tools while keeping costs low for our clients. By merging advanced technology with strategic partnerships, we are leading the way in delivering innovative solutions that benefit both consumers and financial institutions.”
For more information, please visit www.boshhh.io.
