Boshhh is proud to introduce Boshhh.io, a revolutionary new tool designed to transform affordability and risk assessment reporting within both the financial services and legal sectors. This state-of-the-art platform provides organisations with comprehensive and accurate reports, significantly reducing processing costs while enhancing the accuracy of consumer credit assessments.
Developed by the team responsible for the world’s first credit-building mobile network, which enables users to improve their credit scores through consistent payments on mobile contracts, this tool is the next step in Boshhh’s mission to tackle financial mis-selling and its impact on consumer credit profiles and overall well-being.
Lewis Camilleri, Founder and CEO of Boshhh, said: “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.”
Boshhh.io has been developed through an exclusive partnership with Yapily, a leader in open banking, and in collaboration with some of the UK’s leading litigation firms. This partnership has allowed Boshhh to create a fully automated system capable of identifying up to 16 different claim types for each customer in seconds, offering a revolutionary approach to financial reporting.
With Yapily’s Data Plus+ product, Boshhh can generate comprehensive financial reports that utilise enhanced categorisation. These reports are invaluable for claims management firms, helping individuals demonstrate they have been mis-sold various financial products. The reports can support claims at every stage, including those submitted to the financial ombudsman.
Stefano Vaccino, CEO and Founder at Yapily, added: “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 which empowers them to challenge injustices. We’re very excited about this partnership and will be with Boshhh every step of the way on their mission to build brighter financial futures.”
Recognising the financial pressures on law firms, especially those handling claims, Boshhh.io has been designed to maximise cost-efficiency. Law firms that have tested the tool report significant cost savings, marking it as a vital resource for the legal sector.
In addition to its value for legal firms, Boshhh.io is expected to have a considerable impact on the wider financial services industry. The tool equips lenders with reliable affordability reports, providing crucial insights into consumer spending and affordability, setting a new industry standard for risk assessment.
Lewis Camilleri added: “The launch of Boshhh.io is a key part of our five-year strategy to advance financial reporting tools while keeping costs manageable for clients. By merging advanced technology with strategic partnerships, we are at the forefront of delivering innovative solutions that benefit both consumers and financial institutions.”
For further details, visit www.boshhh.io.
