Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Economy

Hope Macy Takes Over Slick Solutions to Advance Fair Lending for Vulnerable Consumers

by
November 21, 2024
in Economy, Investing
0
Hope Macy Takes Over Slick Solutions to Advance Fair Lending for Vulnerable Consumers
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Last Updated on:

Hope Macy, a Financial Conduct Authority (FCA)-regulated Payments Institution and Credit Reference Agency, has finalised the acquisition of Slick Solutions. Known for its Family Connect app, which prioritises protecting individuals from financial harm, Hope Macy is leveraging this acquisition to enhance access to credit for low-income and vulnerable groups through Slick Solutions’ advanced loan origination platform.

The acquisition integrates Hope Macy’s leading consumer technology—widely used by major retail banks—into Slick Solutions’ trusted full-service loan platform. Slick Solutions serves over 20 major organisations, including responsible lenders, credit unions, and retail banks. This partnership enables lenders to make faster and more accurate decisions, driven by data and consumer welfare. It also aids lenders in achieving compliance with consumer duty regulations, while simultaneously cutting costs and unlocking new income streams.

Hope Macy’s use of advanced machine learning allows its APIs to predict both the likelihood and timing of loan defaults without relying on traditional credit scores. These scores often disadvantage individuals with limited or no credit history, providing a fairer assessment for vulnerable groups.

From initial application through to payment and collections, Hope Macy’s regulated APIs now streamline the loan process. Consumers benefit from improved protection against financial harm, greater access to affordable credit, and reduced risks and costs. Meanwhile, lenders gain the ability to provide tailored financial solutions and ensure safe, informed lending practices for low-income and vulnerable groups. Additionally, Hope Macy’s APIs are specifically designed to identify risks unique to these populations, enabling lenders to offer responsible and inclusive lending.

Slick Solutions has built a reputation for transforming loan processing. Its offerings include automated credit agreement reviews, enhanced services for FCA consumer duty compliance, and streamlined capital provision for financial institutions. The company now delivers a comprehensive loan origination platform, featuring a full suite of API services to evaluate and manage applications. Moreover, its state-of-the-art payment gateway provides enhanced control over transactions, offering a more streamlined and economical alternative to traditional systems.

As the number of low-income and vulnerable consumers grows, the combined resources of Hope Macy and Slick Solutions provide a vital solution to the increasing demand for fair and efficient financial services.

Sam Manning, CEO of Hope Macy, said: “This acquisition is transformative. We wanted to protect consumers from financial harm, and the starting point is the credit process. By placing ourselves right at the start, we can assist lenders in making better decisions and advancing FCA consumer duty. Building on our experience in the vulnerable consumer sector, we offer lenders one of the largest credit platforms with consumer duty at its core, ensuring that consumers achieve good financial outcomes.”

Luke Scowen, CEO of Slick Solutions, remarked: “This is a game-changing moment for the credit industry. By merging our powerful technologies and regulatory permissions, we’re setting a new benchmark for efficiency, speed, and cost savings across the board. We put the duty to protect consumers at the start of the credit journey and offer our lenders high-quality loan management services. This way, both consumers and our business clients benefit.”

Square One Law, an ethical B Corp operating in Newcastle, Leeds, and Darlington, advised Obrenza on the transaction.

Ashraf Ali, Corporate Partner at Square One Law, commented: “We were delighted to advise Obrenza on this strategic acquisition and enjoyed working alongside their team to bring together two leading ethical consumer finance technology businesses. This merger marks a significant step forward, with Slick Solutions’ loan origination platform perfectly complementary to the Obrenza existing technology offering. The result will empower financial institutions to provide even greater support to low-income and vulnerable consumers. It has been a pleasure to work with the team and be able to contribute to a transaction that aligns so closely with our own values of integrity and client-first commitment.”

Ashraf worked with colleagues Vanessa Middleton, Helen Brain, Emily Warman, and Dominika Cudak to support the deal.

ShareTweetPin

Related Posts

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub
Investing

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub

June 22, 2025
Editor’s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather
Investing

Editor’s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather

June 22, 2025
Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump
Investing

Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

June 21, 2025
Top 5 Canadian Mining Stocks This Week: Royalties Inc. Jumps 183 Percent on Legal Win
Investing

Top 5 Canadian Mining Stocks This Week: Royalties Inc. Jumps 183 Percent on Legal Win

June 21, 2025
Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project
Investing

Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project

June 20, 2025
Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute
Investing

Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute

June 20, 2025
Next Post
Industrial Valves and Duvalco Celebrate Two Years of a Flourishing Partnership

Industrial Valves and Duvalco Celebrate Two Years of a Flourishing Partnership

Recommended

PBBM conducts aerial inspection of the damage caused by Typhoon Pepito in Catanduanes

PBBM conducts aerial inspection of the damage caused by Typhoon Pepito in Catanduanes

December 19, 2024

Dave Antrobus Raises Questions About AI’s Role in UK Journalism: Evaluating New Challenges and Opportunities

September 23, 2024
Manila’s top envoy to tackle regional issues with Malaysian, Thai peers

Manila’s top envoy to tackle regional issues with Malaysian, Thai peers

October 16, 2024
Google accused of exploiting advertising dominance to overcharge publishers

Google accused of exploiting advertising dominance to overcharge publishers

September 8, 2024
International Investment Summit delivers £63bn boost and 38,000 jobs for the UK

International Investment Summit delivers £63bn boost and 38,000 jobs for the UK

October 15, 2024
BDO posts P21.18-B profit in Q3

BDO posts P21.18-B profit in Q3

October 28, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved