Fablious has announced the launch of an alternative financial community in the UK market.
The firm has outlined ambitions to transform the way users engage with financial products and alternatives to traditional credit.
The Alternative Finance Community allows users to browse and compare offerings available on the alternative finance market, offering them an extensive selection of products available to consumers who may have been rejected for more traditional forms of credit.
David Evans, CEO at Fablious commented: “Our aim is to help customers find sensible solutions for credit by finding specialist alternative finance products. We understand that the customer can struggle with finding credit for a number of different reasons, which is why we comparatively search and compare all of the products on the alternative finance market to find solutions that minimise the risk of lending.
“Our intention with creating Fablious is to help customers to find products that responsibly solve their need for credit, and we hope to achieve that through Fablious’ Alternative Finance Community.”
Fablious utilises bespoke algorithm works to showcase customers with the FCA-regulated products that are most suited to their individual needs.
The firm emphasised an understanding that with the creation of an online Alternative Finance Community, customers can find and compare a diverse selection of different financial options; from credit builders to deposit free renting options to interest-free prepaid cards.
By creating this online community, Fablious seeks to ensure that customers are using regulated products, safeguarding them against any affordability issues and ensuring that their rights are protected. By searching the market for tailor-made products for specific needs, Fablious helps to eliminate the risks associated with borrowing for both consumer and lender.