Portify uses open banking to analyse users' financial situations by looking at their accounts, offering a cash flow prediction tool and warnings if you're unlikely to have enough to pay upcoming bills.
The platform, led by Sugihara, supports gig-economy workers (a community set to grow after the pandemic). Portify aims to help them become more financially resilient by helping improve their credit scores no matter how they earn their money.
[Portify] a credit builder for modern workers with unconventional earnings patterns, it analyses earnings and spending behaviours to prevent overdraft and interest payments and offers a fee-free credit line.
While many welcomed the extension, some have criticised the scheme for having certain limitations and shortfalls.
Sho Sugihara, the co-founder of Portify, highlighted some of these problems.
It’s no secret that those with irregular incomes - such as freelancers, gig and zero hours contract workers - have been particularly hard hit by COVID, but Portify, an app designed for hard workers, “learns” income patterns and spending habits to help users avoid overdraft fees and escalating debt repayments...
The 11th annual Moneynet Personal Finance Awards (2021) recognise the best providers and products from the last twelve months.
"The Covid crisis has made it an extremely challenging year for providers and customer alike, but the competition between banks, building societies, insurers, fintechs and credit card companies remained intense right through what was a turbulent 2020."
The Credit & Collections Technology Awards recognise excellence and innovation in the UK credit and collections industry. The Credit & Collections Technology Awards were launched in 2017 with the aim to reward technological innovation within the industry.
The Awards highlight the success of companies and individuals who lead the way in enhancing credit and collections technology.
Now in its fourth year, the 2020 ceremony will celebrate the best in lending and collections innovations.
Thirty one UK scaleups have been selected to participate in the third cohort of Tech Nation's fintech programme. Participants were judged to be the most promising fintechs of their kind by a panel of experts.
Tech Nation is the growth platform for tech companies and leaders. Tech Nation fuels the growth of game-changing founders, leaders and scaling companies so they can positively transform societies and economies.
Open Up 2020 is a £1.5m challenge prize to unlock the power of open banking for UK consumers.
The OpenUp challenge collects and rewards the most innovative financial products on the market powered by open banking.
The RSA Future Work Awards 2019 recognises the most innovative and inspiring approaches to work from around the globe.
From people redesigning how to work with robots, groups of self-employed freelancers sharing their incomes, new approaches to lifelong learning and trade unions which give voice to young workers in the gig economy.
