Soar will use Experian’s Decision Analytics solutions to support its work in the community banking market. The new partnership will see our clients utilise Experian’s SaaS PowerCurve Customer Acquisition platform to help automate lending decisions, transforming their digital onboarding and customer application journey.

We are offering a one-month free subscription to any credit union which refers another to join Soar and three months free subscription to the customer who is referred. On top of this, both organizations will receive a 50% discount on each open banking use for the next three months. This is an exciting opportunity to reach out, discuss what you love about Soar and share with others!

Soar’s hub exists to make managing everyday tasks more straightforward. In the coming weeks, you will be able to initiate direct debit collections from Soar’s hub as well as pay money out via Faster payments or Bacs, either to borrowers or your main institutional bank account. We’ll document the nuts and bolts of how this works which will be available to customers soon.

Soar has integrated Inbest benefits calculator into its banking platform to compare the actual benefits that customers receive with the benefits they are entitled to due to their specific circumstances and financial situation. The service notifies customers about any unclaimed benefit and guides them on their benefits applications. This new feature will help loan applicants to top-up their salaries with their benefits entitlement, reduce their bills, repay their loans more comfortably, and build savings in the future.