SUPPORT for Fairer Finance
"I am pleased to see the power of the UK’s tech talent harnessed to tackle problem debt, poverty and the resulting mental health issues. Alongside initiatives like Breathing Space, innovative fintech solutions can play an important role in helping people take control of their finances and levelling up our country"
"The war against poverty needs new weapons . Let the new generations use their imaginations to fashion new tech weapons to win the war. Hackathon is a great idea!"
“Access to fair and understandable finance is key to helping people out of the poverty trap. Unless ladders like this exist then people are all-too-often stuck in a vicious circle, never moving forwards no matter how hard they try. As a former Chair of a credit union I saw this problem first hand and I’m keen to see what innovative solutions are brought forward through the Fairer Finance Hackathon.”
"I have been supporting Christians against poverty who seem to be excellent at bringing people out of debt by helping in the management of their finances. When they come on the scene the creditors seem to become more flexible"
"It’s good to see tech being used to try to tackle some of the problems faced by the many people living in poverty"
“Making access to finance and information about your own finances simple is a huge step to helping people take control of their money. Too often banks make it hard to know what you have and what you owe, The Fairer Finance Hackathon will end that.”
"I am enthusiastic about any attempt to make finance easier for the less well off."
“Poverty is not a personal choice. Whether we alleviate or aggravate poverty is a societal choice and one we make each time we raise or lower tax, fund or cut social security, empower or restrain the third sector. While these may seem to be never-ending political debates, we can effect meaningful change by making other, more compassionate choices. Choosing to use technology to confront poverty is an eminently wise choice.”
“The Poverty Trap has long been a problem which has been in recent times. Due to the COVID- 19 Pandemic, many more are at risk from falling into the Poverty Trap. I fully support this event which aims to create the tools in which people will be able to use to keep out of the Poverty Trap and I wish all the participants the best of luck.”
"Fair and open access to finance is central to helping to solve some of these problems. I'm looking forward to seeing what innovative solutions come out of the Fairer Finance Hackathon and I would urge anybody with fresh ideas and passion to get involved! There are some great prizes on offer and you might just end up helping to improve the living standards and wellbeing of others right across our country."
"I wholeheartedly welcome Richard Hallewell’s ‘Fairer Finance Hackathon’ search for coders and developers to present tech solutions to break the poverty trap. The current banking and finance systems place a greater burden on those who can least afford to pay and quite literally, ‘being poor costs more’ and the impacts can be lifelong - even devastating. I fully support the initiative to develop an app to tackle this iniquity".
"I am delighted to be involved in this initiative which aims to provide a technological solution to people falling in to the poverty trap by addressing poor credit scores and bounced payments. An app based solution will really make a difference to some people in my constituency and across the country. I am looking forward to being part of the panel that judges the entries and am excited to see the innovative designs from some of the UK’s best and brightest designers and tech gurus."
"Far too many people in our communities were struggling with poverty before the pandemic began. Covid-19 has exposed existing inequalities and brought with it a steep rise in financial hardship. I support The Fairer Finance Hackathon's efforts to find creative new solutions to address poverty and the debt trap which are issues that hugely impact many families.”
“If you are struggling this is essential. If you aren’t, I urge you to support”
"We are on the business end of a decade of austerity, and the Covid-19 pandemic has only served to further entrench existing inequalities. This is a fantastic initiative which tackles these issues by looking for pragmatic, practical solutions to problems with accessing credit and managing finances."
“As we face mass lay-offs, the end of the furlough scheme and bankruptcies it is terrifying to think how many more people will fall into the poverty trap. And it’s a trap that turns into a cycle. Once you fall into poverty you take more risks; you’re more likely to be overdrawn; you’re more likely to use lenders who charge more; you find yourself stuck outside the system wondering how to get in. FinTech has the potential to address the array of issues which add up to financial exclusion. The Hackathon is a fantastic initiative that is doing just that and the positive energy, innovation and hard work of everyone who is committed to this mission, to make a real difference to people’s lives deserves our support.”