Consumers get poor interest rates . Savers earn little or no interest while borrowers pay high interest . If sets of people could transact directly they would both be better off. So are more of us are not doing this? There are so many open questions - How can I lend to someone I don't know? Will I risk losing money? Is there a legal contract in place? What about paperwork? Historically, this may have meant quite complex paperwork and cross referencing of both parties before this type of contract could be signed -- which among other things leads to the expensive and time-consuming situation we find with the industry today. Happily, in the new digital world, with data access simplified via open banking and other initiatives and enhanced data safety with GDPR in place we can help people answer the questions above in a simple easy to understand way using tools already used by banks. This is the platform Best Rates 4UnME are building. Transactions on this platform will be legally binding. FCA approved and have multiple safety nets in place including insurance, detailed checks and evaluation, user selection and many other features. We will use these tools and many years' experience and knowledge in banking to allow people to safely and efficiently eliminate middlemen and complexity to pass on the benefits of better interest rates directly to our customers. So remember the name, it's easy - Best Rates 4U&Me and if you are a saver or borrower who wants to have a little more money in your pocket each month come to us visit our website (www.bestrates4unme.com) and see what you could save.
View Top Employees from Best Rates 4UnMeWebsite | https://bestrates4unme.com |
Employees | 1 (1 on RocketReach) |
Founded | 2018 |
Industry | Financial Services |
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Kartik Daswani is the Director - Strategy and Implementation of Best Rates 4UnMe.
1 people are employed at Best Rates 4UnMe.