Flexys' innovative software uses real-time data and automation to help collections professionals work more efficiently, resulting in faster and more successful collection rates. By partnering with Moneyhub, Flexys will enhance its offering with cutting-edge Open Banking technology, providing unprecedented insights and streamlined processes for both collections professionals and their customers.

James Hill, CEO at Flexys commented:

"We’re delighted to be joining forces with Moneyhub and are excited about the possibilities. Open banking technology will revolutionise collections, helping our clients to provide an improved experience for their customers."

The integration of Moneyhub's Open Banking solutions into Flexys' platform is expected to deliver several key benefits:

1. Enhanced financial visibility for more informed decision-making
2. Streamlined payment processes, reducing friction
3. Improved customer engagement through automated, personalised payment plans
4. Increased efficiency and reduced operational costs for collections teams

Open Banking technology enhances financial assessments by providing instant access to accurate data. This real-time information allows for precise Income and Expenditure (I&E) evaluations. As a result, customers can be offered the most suitable forbearance options tailored to their current situation, in half the time it normally takes to agree a payment plan they can afford. This targeted approach not only increases the chances of successful repayments but also reduces the risk of defaults. By matching solutions to each customer's financial reality, the system promotes better outcomes for both individuals and lenders.

Suzanne Homewood, Managing Director at Moneyhub, said: "Open Banking offers the collections industry an exciting opportunity to reduce their OPEX costs, and the time and stress that customers face when things change and they find themselves in a forbearance journey. Partnering with Flexys enables us to supercharge the collections process, in the way we have done with originations.  We are extremely excited to see how this partnership can spearhead change."

This partnership represents a significant step forward in modernising the collections industry, combining Flexys' expertise in collections management with Moneyhub's innovative Open Banking technology. The collaboration is set to create a more transparent, efficient, and customer-centric collections process, benefiting both businesses and consumers.

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About Flexys

Flexys specialises in software that improves and automates debt management and collection.

We provide lenders with all the tools and data they need, in real time. This helps them to mitigate financial, regulatory and reputational risk.

Our clients can create the best debt resolution journey for each of their customers, which in turn helps them to collect more.

About Moneyhub

Moneyhub is a data, intelligence, and payments company which develops ISO 27001 certified software for Open Banking, Open Finance, and Open Data applications. Its FCA-regulated Open Data platform enables companies to quickly and easily transform data into personalised digital experiences and initiate payments. Its APIs and fully customisable platform provide data aggregation, insights, notification nudges, and payment systems. As a result, clients have the consent-driven data and analytics they need to create super-personalised offers, products, and services. Hundreds of organisations, spanning finance to media and retail, rely on Moneyhub’s award-winning technology.

www.moneyhub.com

To find out more about how real-time debt management can revolutionise your collections,