InsurTech start-up Homelyfe has teamed up with money management platform Yolt to offer integrated home insurance services via mobile app.
Under the new partnership, users of Yolt, a FinTech venture backed by ING Bank, will be able to source a home insurance quote in 60 seconds.
The platforms will make use of data sharing enabled by Open Banking to analyse spending habits across a number of accounts and come up with home insurance quotes on the basis of this profile.
Announcing the tie up, a spokeswoman for Homelyfe said it represented a further milestone for Open Banking, as it highlighted the value of a third-party provider integrating with a home insurance provider.
Homelyfe, founded in 2015, is a white label solution offering partners - including banks, retailers and insurance companies - to simplify insurance and make it more customer focused.
Peter Goodman, chief executive and co-founder of Homelyfe, said: “Homelyfe and Yolt have a shared mission to empower the mobile consumer, using technology to create an effortless customer experience. This partnership sets a new benchmark for customer-centricity in financial services in the digital age.”
Latest News
-
HSBC chairman Mark Tucker to step down after navigating geopolitical tensions
-
BNPL giant Klarna hits 11m UK customers
-
OakNorth surpasses $1bn in US lending
-
BNY Mellon calls workers back to office four days a week from September
-
UK banks' transition plans 'not fit for purpose', says Reclaim Finance
-
Google Wallet launches digital ID services in the UK and US
Beyond compliance: Transforming document management into a strategic advantage for financial institutions
In this exclusive fireside chat, John Rockliffe, Pre-Sales Manager at d.velop, discusses the findings of Adapting to a Digital-Native World: Financial Services Document Management Beyond 2025 and explores how FSIs can turn document workflows into a competitive advantage.
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories