Kuflink introduces ‘cooling off’ period; slew of new tech updates
Kuflink has introduced a ‘cooling off’ period for new investors, alongside a slew of new technological updates on its platform which are designed to streamline the investor experience.
For new clients, there will now be a 24-hour cooling-off period which is designed to counter the social and emotional pressures to invest. The platform has also added new investor declarations and an enhanced appropriateness test.
“By introducing a small pause in the consumer journey, we can be sure that clients are making a more informed decision,” Kuflink said in a blog on the company website.
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Multi-factor authentication will soon be added to the platform to offer another layer of security for account holders.
Select IFISA investors are now able to make monthly payments, at an adjusted rate of interest. And a new automated self-invested personal pension (SIPP) has been introduced, in partnership with Morgan Lloyd. The SIPP-Auto is now live.
The property lender has also introduced a partnership with Docusign which will allow Innovative Finance ISA (IFISA) transfers to be approved digitally. Kuflink said that for those ISA service providers who do not accept Docusign, the platform will still provide a completed PDF which can be printed, signed and posted to them.
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Kuflink added that it has also released new versions of its mobile apps for both Android and Apple, with the latest updates available now.
It has also completed work on a new notification system for bank transfers to the Kuflink wallet, which should speed up the transfer process.
“Over the past two months, we’ve been working hard to create new features and enhance existing ones to serve our clients better and improve their experience with our products,” said Kuflink.
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