INSUBCONTINENT EXCLUSIVE:
It all started with a tweet from 11:FS co-founder Simon Taylor
government could be persuaded to provide financial support to the self-employed during the Coronavirus crisis, as it has already pledged for
full-time employees, then Open Banking technology could be used to self-certify lost income, and therefore overcome one of the main hurdles
of administering potential compensation.The founders of two other London-based fintechs, Fronted and Credit Kudos, were first to accept the
challenge, and soon they were joined by dozens of other volunteers from the wider U.K
existing API) to quickly access and analyse data from the bank accounts of a sole trader and generate a validated income statement,
include self-employed workers, though, this is just a hypothesis
the Covid Credit team say they have already engaged with a number of key stakeholders across HMT, HMRC and the FCA, and are hopeful that
