Fintech firm Indigo Michael Limited becomes a Registered Firm with the LSB24 August 2018
Indigo Michael Limited, also known as Account Technologies and trading as SafetyNet Credit, is now a Registered Firm with the Lending Standards Board.
Indigo Michael Limited are an online based company who offer a revolving line of credit, tracking customers daily balance and depositing money when their balance drops below a pre-agree level, to avoid customers falling into unauthorised overdrafts and incurring charges.
Dave Pickering, Chief executive of the LSB, comments:
“We are really excited that Account Technologies has successfully completed the application process to become our latest registered firm. Fintechs are making a significant impression on the financial services market place, not only as disruptors but also as partners to the more established firms, and Account Technologies’ commitment to meeting the Standards of Lending Practice is a clear sign that they see delivery of fair customer outcomes as key to their business. We hope that more fintechs will see how registration with the LSB can help the business meet its regulatory obligations, grow commercially and deliver value and fairness to customers.”