"Exploring the Benefits of Entering The ICO's Regulatory Sandbox: Good With Develops Financial Virtual Assistant App to Educate Young Adults on Personal Finance"
Good With is a fintech and edtech start-up that has entered the Regulatory Sandbox of the Information Commissioner's Office (ICO) in order to develop and beta test Financial Virtual Assistant (FVA) mobile applications. These apps are designed to help educate young adults on personal finance management, allowing them to assess their current financial situation in an easy and convenient way. The app will utilize various personal data sources in order to generate a "financial readiness score," allowing users aged 18 to 24 to access fairer credit options than from traditional institutions. The app is still currently being tested in its beta phases in order to ensure that all data is utilized innovatively and safely.