Financial wellbeing enhancement through Togglit app, as AperiData collaborates with Qualco UK
In a groundbreaking move, UK-based AperiData has formed a strategic partnership with Qualco UK, with the aim of improving consumers' financial wellbeing through better debt management. The partnership will see AperiData collaborate with Qualco's Togglit app, a digital debt management platform designed to help individuals manage and clear their balances.
Togglit's self-service portal is equipped with tools such as a Budget Planner and Instalment Plans, all geared towards helping consumers manage their debt effectively. With the addition of AperiData's expertise in advanced data analytics and credit risk solutions, Togglit's platform will now offer more personalised, transparent, and data-driven support.
The collaboration between AperiData and Togglit aims to deliver tailored financial insights and actionable tools that empower consumers to better understand their debt situation, make informed repayment decisions, and improve their overall financial health. By using accurate and current data, the Budgeting feature of Togglit's platform, enhanced through collaboration with AperiData, will inform every financial plan, promoting fairness and minimising potential additional hardship.
Togglit app, enhanced by AperiData's real-time data insights, also enables informed affordability assessments and personalised repayment plans. The partnership combines Open Banking insights and ethical collections technology to transform debt management, offering a more supportive, inclusive, and consumer-first financial ecosystem.
James Goddard, director of product at Togglit, Qualco UK, stated that Togglit's platform allows customers in financial difficulty to manage their outstanding balances at a pace suitable to their individual circumstances. The Togglit app serves as an alternative to traditional debt collection agencies, providing a more modern and personalised approach to debt management.
By blending ethical technology with real-time data, AperiData and Togglit are paving the way for a more supportive, inclusive, and consumer-first financial ecosystem. The partnership with Qualco UK is a significant step towards achieving this goal, as they work together to help consumers regain control over their finances, reduce financial stress, and promote sustainable debt management practices.
- AperiData's advanced data analytics and credit risk solutions, when combined with Togglit's digital debt management platform, will offer more personalised, transparent, and data-driven support to individuals managing their debt.
- Togglit's Budget Planner, equipped with real-time data insights from AperiData, will inform every financial plan, promoting fairness and minimizing potential additional hardship.
- The Togglit app, through strategic partnerships like the one with AperiData, aims to provide a more modern, personalised, and supportive approach to debt management, serving as an alternative to traditional debt collection agencies.
- With the aim of improving consumers' financial wellbeing, the collaboration between AperiData and Togglit will deliver tailored financial insights and actionable tools, empowering consumers to make informed repayment decisions and better understand their debt situation.
- By blending ethical technology with real-time data, this fintech collaboration is transforming debt management, offering a more inclusive and consumer-first financial ecosystem, especially within the context of open banking.
