Tech trio team up to develop next-generation solution to support ‘advice gap’ customers
Fintech providers Rebcat Technology, Moneyhub, and Navos Technologies have joined forces to develop and deliver next-generation technology that will enable large financial institutions to provide personalised financial support, guidance, and advice to their customers – providing a much-needed advice life-line for the many who fall into the advice gap.
The three businesses are pooling their collective skills, knowledge, and data to provide a range of personalised plug-and-playservices to organisations committed to improving the value they provide to all customers – ensuring that no one is left behind.
With Rebcat’s tried and tested technology at the core of the offering, early solutions focus on bridging the advice gap suffered by millions of individuals across the UK and will include essential financial management, protection, investment, and mortgages.
Commenting on the partnership, Rebcat founder and CEO Anthony Morrow said: “The FCA, through Consumer Duty and subsequent actions, consultations, and statements, has put real consumers at the heart of its thinking and future plans. While this provides huge challenges for organisations, especially those with large legacy client bases, it also provides tremendous opportunities for those who can spot them and are willing to embrace the changes needed to capitalise on them.
“By working with Navos and Moneyhub, we are not only partnering with two of the most respected and admired organisations operating in and around the sector but also ensuring the solutions we develop are at the very cutting edge of what the market has to offer. We are already seeing considerable appetite from forward-thinking organisations eager to develop further and demonstrate the value they offer clients.”
Moneyhub CEO Sam Seaton said: “The upcoming changes to the Data Bill and the FCA’s proposals to relax the advice-guidance boundary highlight the significant role of digital advice businesses in the future. We have seen first-hand how advanced and robust Rebcat technology is and are delighted with this partnership and the opportunities it brings to unlock financial wellness for more people.”
Navos CEO and Founder David Davies commented: “With our understanding of the advisory and wealth industry, dovetailed with our unique positioning in delivering innovative solutions, we are proud of the relationship that we are building with Anthony and the team at Moneyhub. We are confident this will lead the way in providing a much-needed digital solution and create positive outcomes for both firms and clients, whilst driving efficiencies and increasing engagement.”