247Moneybox has announced the implementation of an environmental initiative. “We are a technology company first and a finance operation second,” stated Mark Hannay, 247Moneybox's COO.
“One of the benefits of technology is its ability to reduce the amount of damage we cause to the environment, so we didn’t really feel comfortable calling ourself a fintech company until undertaking this initiative.”
247Moneybox has declared its commitment to becoming a 100% paperless company. Whilst the application process has been paperless since launch of the service in early 2009, the firm has gone one step further reducing the office to one printer! All managers and team leaders have been issued with tablets to use as virtual note pads with shared drives and cloud integration becoming the standard.
“The whole team's got on-board, we've even implemented the smaller things such as buying each employee an individual mug to avoid paper cups, enabling the 'sleep mode' for all computers and switching to compact fluorescent lamps throughout the office”.
247Moneybox state that the advances in technology have enabled the financial and business landscapes to change. They say that technology has enabled next-generation finance to become faster, more transparent, more efficient and greener.
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247Moneybox.com was established in central London in early 2009. The aim is simple; to provide a convenient and straightforward credit product that gives the borrower flexibility in managing their loan. Based in central London the firm has been built with responsible lending at its core. The company holds a consumer credit licence from the Office of Fair Trading and are members of the BCCA.