The ICO exists to empower you through information.

The ICO’s Regulatory Sandbox aims to support organisations who are creating products and services which utilise personal data in innovative and safe ways.

Good With, a fintech and edtech start-up, entered the Sandbox as part of its work to develop mobile applications which will help educate young adults on personal finance. It plans to develop a Financial Virtual Assistant (FVA) app which will combine various personal data sources to produce a ‘financial readiness score’. Good With hopes this readiness score will help to provide the FVA’s users (18-24-year-olds), who might struggle to obtain credit via traditional methods, with fairer access to financial products and services. The app is currently still in a beta testing phase.

Read the Good With exit report.