{"id":2421,"date":"2026-03-31T16:58:17","date_gmt":"2026-03-31T16:58:17","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/2421\/"},"modified":"2026-03-31T16:58:17","modified_gmt":"2026-03-31T16:58:17","slug":"uk-credit-union-partners-with-fintech-to-offer-flexible-lending-system","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/2421\/","title":{"rendered":"UK credit union partners with fintech to offer flexible lending system"},"content":{"rendered":"<p>Transave Credit Union has entered a partnership with fintech <a href=\"https:\/\/www.haboomoney.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Haboo Money <\/a>to offer a digital lending system with flexible repayments that reflect modern income patterns.<\/p>\n<p>Founded in 1996, <a href=\"https:\/\/transave.co.uk\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Transave<\/a> has more than 30,000 members, primarily in the transport, police, and health sectors, and provides payroll-deducted savings and loans.<\/p>\n<p>Haboo says the partnership will modernise the way it engages those members \u201cat a time of increasing financial volatility\u201d when \u201ctraditional lending systems can often struggle to support members whose incomes do not follow a predictable monthly pattern\u201d. <\/p>\n<p>It warns that for many borrowers, a fixed repayment date and rigid repayment structure can increase the risk of missed payments and avoidable financial difficulty.<\/p>\n<p>The partnership, added Haboo, \u201cis focused on creating a more personalised and supportive repayment experience for members\u201d. <\/p>\n<p class=\"has-text-align-center\">Related: <a href=\"https:\/\/www.thenews.coop\/canadian-credit-unions-sign-up-for-digital-transformation-platform\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Canadian credit unions sign up for digital transformation platform<\/a><\/p>\n<p>By aligning repayment schedules more closely with members\u2019 real-world income patterns, Transave is hoping to help more members stay on track, recover from arrears and build greater financial resilience over time.<\/p>\n<p>Haboo added: \u201cTransave will now be able to move beyond traditional digital servicing and towards a more adaptive engagement model. Through the use of underlying transaction and engagement data, Transave can sustainably lend into new segments with greater confidence, providing accessible credit to those typically marginalised by the current system.\u201d\u00a0<\/p>\n<p>Transave CEO Ian Sibbald said: \u201cThis partnership with represents an important step forward in how we support our members. At Transave, we understand that people\u2019s financial lives are not always predictable, and it\u2019s vital that our services reflect that reality. <\/p>\n<p>\u201cBy introducing a more flexible approach to engagement and repayment, we can better support our members to stay on track, recover from difficulties and build long-term financial resilience.\u201d<\/p>\n<p class=\"has-text-align-center\">Related: <a href=\"https:\/\/www.thenews.coop\/sacco-fintech\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Kenya\u2019s financial co-ops look to fintech partnerships<\/a><\/p>\n<p>Haboo CEO Hannah Baynham said: \u201cThe credit union sector has always been a leader in community focused lending, but they have often been held back by static, 20th century technology. <\/p>\n<p>\u201cWe built Haboo to close that gap. By layering an adaptive engagement experience over Transave\u2019s existing systems, we are helping them turn the challenge of unpredictable income into an opportunity for growth. We are so excited to partner with a forward thinking team like Transave to prove that lending can be both more inclusive and more more resilient when it is designed around the way people actually live today.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Transave Credit Union has entered a partnership with fintech Haboo Money to offer a digital lending system with&hellip;\n","protected":false},"author":2,"featured_media":2422,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1635,709,1636,5,6],"class_list":{"0":"post-2421","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-uk","8":"tag-cost-of-living-crisis","9":"tag-fintech","10":"tag-transave","11":"tag-uk","12":"tag-united-kingdom"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/2421","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=2421"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/2421\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/2422"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=2421"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=2421"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=2421"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}