We are pleased to announce that Salary Finance has become a registered firm with the LSB after signing up to the Standards of Lending Practice for personal customers.
Salary Finance’s mission is to help people around the world become financially healthier and happier. They tackle finance-related stress by partnering with employers to offer wellbeing benefits and financial education.
Commenting on their registration, Asesh Sarkar, CEO and co-founder of Salary Finance said: “We are delighted to be a part of the LSB. Their mission to ensure fairness in financial services, and our social purpose-driven business model that allows us to offer low-cost loans to people who otherwise would be financially excluded, go hand-in-hand.”
The LSB’s mission is to drive fair customer outcomes within financial services through independent oversight. The Standards of Lending Practice for personal customers set the benchmark for good lending practice in the UK, outlining the way registered firms are expected to deal with their customers throughout the entire product life cycle.
