Member Article

Omnio Group launches Vox Money to give a voice to those who deserve a new world of financial services

Omnio’s Credit Union business Kesho, is demonstrating its commitment to delivering greater financial control to those in society that need it the most and that have been unable to access traditional high street banking.

Too often many of the most vulnerable people in society have been excluded from financial advice and planning simply because of their demographic or financial circumstances. In fact, over a million people in the UK do not have a bank account. As a result, these unbanked individuals pay a “poverty premium” of approximately £480 per year as they cannot access the special offers and discounts available to those who use existing banking services.

In addition Kesho’s recent partnerships with organisations such as Credit Union Financial Analytics (CUFA) and Credit Kudos means those managing and monitoring Vox Money accounts on behalf of their members will have all the data and analysis they need to make informed lending decisions.

Lindsay Ward, KESHO’s Executive Director said: “In this digitally connected world of affordable smartphones there is simply no reason not to have access to financial services. As a proud member of the Credit Union community in the UK and Ireland, we are here to support those members of society who are entitled to effective financial planning, regardless of their background.

Adrian Cannon, CEO of Omnio Group said: “Vox Money is an exciting catalyst for Kesho. We have always worked closely with our credit union partners and this new range of products of services gives them a market leading platform to take their businesses even further. It will also help thousands of people get on top of their finances in ways they haven’t had before, and we are proud of that.”

This was posted in Bdaily's Members' News section by Nicholas Newman .