Pockit risk score

Pockit is a pioneering financial technology company dedicated to providing inclusive banking solutions. Founded with the mission to address financial exclusion, Pockit offers a range of services aimed at those traditionally underserved by conventional banks. This includes individuals in the UK who, due to various circumstances, may not have access to a standard current account.

Pockit's innovative platform enables users to participate in essential financial activities such as internet shopping, direct debit payments, and efficient money management, which are often taken for granted. By offering an easy-to-use, accessible alternative to traditional banking, Pockit helps bridge the gap for over a million people in the UK who face financial disadvantages due to the lack of a current account. These individuals typically encounter higher costs for basic services like energy bills, phone contracts, and loans, which can add up to an additional £485 per year.

The company's services are designed to be straightforward and user-friendly, ensuring that everyone, regardless of their financial background or literacy, can benefit from modern financial tools and services. Pockit provides a digital-first approach, with features such as instant online account opening, a mobile app for managing finances on the go, and the ability to receive payments like salaries and benefits directly into their Pockit account.

Operating under strict regulatory standards, Pockit ensures that all customer data and transactions are handled with the highest level of security and compliance. This commitment not only enhances user trust but also solidifies Pockit's position as a reliable and essential service provider in the financial technology landscape.

By focusing on accessibility and affordability, Pockit continues to make significant strides towards financial inclusion, ensuring that more people can enjoy the benefits of a fully functional current account without undue financial strain.