Boshhh Group, a mobile network helping customers boost their credit ratings, has launched a new AI-driven tool that provides firms with actionable financial reports to improve the analysis of lending affordability in the financial services sector.
New FCA regulations are set to come into effect in 2026 which look to clamp down on buy now pay later lending, as well as tackle the lack of comprehensive affordability checks in the industry. With these new rules on the way, Boshhh FinTech hopes its solution will support compliance while keeping the process of protected lending streamlined and efficient.
By leveraging AI technology, the new offering from Boshhh FinTech aims to verify and obtain client banking data, producing clear and actionable financial reports. These reports provide partners with a comprehensive view of each client’s transactional and financial history with valuable insights into essential and discretionary spending patterns that enable indisputable conclusions regarding affordability for potential lending.
“We are excited to continue our rapid growth and further strengthen our partnerships within the financial sector,” said Lewis Camilleri, CEO and founder of Boshhh Group. “Our innovative AI-driven technology is changing the way lending is approved, preventing mis-selling and making a significant impact on people’s lives. With the support of our new investment and leadership team, we are poised for continued success and expansion.”
It says AI not only enhances the accuracy of case evaluations but also protects customer onboarding time, significantly improving operational efficiency and customer satisfaction.
Following the launch, Boshhh FinTech says it remains focused on expanding its partnerships in the lending sector to reduce future cases of mis-sold financial products, protecting lenders from FCA penalties.
Expansion in plans in full flow
Boshhh Group recently secured a £10million investment to support its rapid growth trajectory and appointed a new senior leadership team, tasked with driving the company’s mission.
The fintech has doubled its headcount over the past three months and now employs over 30 professionals, reinforcing its commitment to scaling operations and delivering accessible, sustainable solutions to consumers seeking to manage and improve their credit profiles.
Through a variety of collaborations, Boshhh Group will look to further expand its ecosystem of fintech products dedicated to financially empowering those who need it most through simple and accessible paths to better credit.
Boshhh Group remains dedicated to its mission of creating accessible solutions for financial transparency and consumer empowerment, offering technology that drives positive change in the financial services industry.
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