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affordable credit

The benefits of an automated loan process

When affordable credit providers such as credit unions are able to take on automated loan processes, they’re helping a huge number of people in society gain access to affordable credit but they’re also improving their own internal processes too. Here are some of the advantages that come along with having an automated loan process.
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The benefits of an automated loan process

High cost credit needs to end. So, what are we replacing it with?

It’s well known that high cost credit can have a detrimental effect on the finances and mental health of those who need to turn to it to make ends meet.
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High cost credit needs to end. So, what are we replacing it with?

Soar is a winner in the Affordable Credit Challenge

We are delighted to have won the final stage of the Affordable Credit Challenge with our partners Capital Credit Union & Nivo.
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Soar is a winner in the Affordable Credit Challenge

How to help consumers ease their financial worry

When consumers are going through an unexpected and stressful time, there’s a lot that financial organisations can do to ease their customers' worry about finances. Organisations that are well embedded in their communities will be relied on more than ever for help and advice.
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How to help consumers ease their financial worry

Announcing our partnership with Modulr

Modulr, the payments as a service API platform and Soar, the Scottish FinTech dedicated to making a difference to the lives of consumers and businesses across the UK, have announced a partnership to deliver real-time payments to support responsible lenders.
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Announcing our partnership with Modulr

Alternatives to high cost credit and why they’re needed

Soar has always been on a mission to revolutionise the responsible banking and lending market with our technology so that we can help to tackle irresponsible lending. Institutions such as Credit Unions and Community Development Financial Institutions (CDFI's), do so much for those who are financially vulnerable and that's why we're working with them to help these people gain access to affordable credit when they need it most.
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Alternatives to high cost credit and why they’re needed

Credit Account Information Sharing (CAIS): Why share data?

Data sharing has become a new norm in the financial services industry and for many providers it’s a way of being able to see a clearer picture of a consumer’s credit history. One of the main ways that organisations can view consumer credit data is through Credit Account Information Sharing (CAIS; pronounced k-e-y-s). 
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Credit Account Information Sharing (CAIS): Why share data?

Fintechs are helping responsible banks and lenders to adapt and grow

Fintech organisations solve many problems for many businesses across the world. Through the right use of technology, businesses are able to provide their customers with better and more targeted services thus, allowing them to adapt and grow.
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Fintechs are helping responsible banks and lenders to adapt and grow