Transforming affordability
Despite regulatory progress, many lenders are still failing to protect vulnerable customers. Outdated affordability checks and inconsistent processes leave people exposed to loans they cannot afford, trapping them in cycles of debt.
Geoff Leech, VP of business development at Boshhh FinTech, put it simply. “Seventy percent of people with poor credit scores are in that position because they were approved for credit they could never afford to repay. Current affordability checks just are not enough to spot when someone lacks disposable income. As a result, people end up with high interest loans, late payment penalties, and mounting debt. This has to stop, and with Boshhh FinTech, it will.”
He added, “A credit score alone should never decide loan approvals. True financial assessment means knowing if a customer can repay without sacrificing their quality of life.”
Introducing Boshhh Insights
Boshhh FinTech’s latest product, Boshhh Insights, sets a new standard for affordability assessment. Using a secure open banking connection, the platform instantly analyses transactional data, breaking it into essential and discretionary spending to deliver a clear picture of a customer’s financial position — all in under 60 seconds.
Boshhh Insights automates what has traditionally been a manual, error prone process. The platform provides lenders with robust, verifiable affordability checks, while protecting privacy, speeding up decisions, and eliminating human error. Lending decisions are based on real data, not guesswork.
Leech explained, “Without standardised checks, many lenders lower disposable income thresholds to push through more loans. They often rely on self reported customer data, which is frequently unreliable. This has serious consequences. It is time for a smarter, more responsible system.”
The human cost
The effects of mis sold credit go beyond financial strain. Debt can severely damage mental health, relationships, and wellbeing. A recent survey by Christians Against Poverty found that half their clients had considered or attempted suicide because of overwhelming debt. This is a stark reminder of the human cost of irresponsible lending.
Committed to fairness
Boshhh FinTech is deeply committed to promoting fair and responsible lending, in line with the Financial Conduct Authority’s consumer credit guidelines. With Boshhh Insights, lenders can make fair, evidence based decisions that protect both customers and their businesses from the risks of financial mis selling.
Driving growth and impact
Boshhh FinTech is rapidly expanding across the financial sector. Its mission is to eliminate mis sold products and create a fairer path to financial inclusion. Backed by a recent £10 million investment and a newly appointed leadership team, the company has tripled its headcount in the past six months and moved into a larger Manchester city centre office to support its rapid growth.
About Boshhh Fintech
Boshhh FinTech helps partners increase efficiency by streamlining verification and affordability processes. Our solutions support full compliance, deliver robust security, reduce operational risk, and promote fairness, transparency, and inclusion — all to help build a more equitable financial system. Explore our packages →
For media inquiries, contact:
Stephanie Owen, Head of PR and Communications
stephanie@boshhh.com
Transforming affordability
Despite regulatory progress, many lenders are still failing to protect vulnerable customers. Outdated affordability checks and inconsistent processes leave people exposed to loans they cannot afford, trapping them in cycles of debt.
Geoff Leech, VP of business development at Boshhh FinTech, put it simply. “Seventy percent of people with poor credit scores are in that position because they were approved for credit they could never afford to repay. Current affordability checks just are not enough to spot when someone lacks disposable income. As a result, people end up with high interest loans, late payment penalties, and mounting debt. This has to stop, and with Boshhh FinTech, it will.”
He added, “A credit score alone should never decide loan approvals. True financial assessment means knowing if a customer can repay without sacrificing their quality of life.”
Introducing Boshhh Insights
Boshhh FinTech’s latest product, Boshhh Insights, sets a new standard for affordability assessment. Using a secure open banking connection, the platform instantly analyses transactional data, breaking it into essential and discretionary spending to deliver a clear picture of a customer’s financial position — all in under 60 seconds.
Boshhh Insights automates what has traditionally been a manual, error prone process. The platform provides lenders with robust, verifiable affordability checks, while protecting privacy, speeding up decisions, and eliminating human error. Lending decisions are based on real data, not guesswork.
Leech explained, “Without standardised checks, many lenders lower disposable income thresholds to push through more loans. They often rely on self reported customer data, which is frequently unreliable. This has serious consequences. It is time for a smarter, more responsible system.”
The human cost
The effects of mis sold credit go beyond financial strain. Debt can severely damage mental health, relationships, and wellbeing. A recent survey by Christians Against Poverty found that half their clients had considered or attempted suicide because of overwhelming debt. This is a stark reminder of the human cost of irresponsible lending.
Committed to fairness
Boshhh FinTech is deeply committed to promoting fair and responsible lending, in line with the Financial Conduct Authority’s consumer credit guidelines. With Boshhh Insights, lenders can make fair, evidence based decisions that protect both customers and their businesses from the risks of financial mis selling.
Driving growth and impact
Boshhh FinTech is rapidly expanding across the financial sector. Its mission is to eliminate mis sold products and create a fairer path to financial inclusion. Backed by a recent £10 million investment and a newly appointed leadership team, the company has tripled its headcount in the past six months and moved into a larger Manchester city centre office to support its rapid growth.
About Boshhh Fintech
Boshhh FinTech helps partners increase efficiency by streamlining verification and affordability processes. Our solutions support full compliance, deliver robust security, reduce operational risk, and promote fairness, transparency, and inclusion — all to help build a more equitable financial system. Explore our packages →
For media inquiries, contact:
Stephanie Owen, Head of PR and Communications
stephanie@boshhh.com
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