26 Nov 2015

Neyber’s innovative approach to employee benefits

Neyber were delighted to attend REBA’s Innovation Day and spend time with industry leaders discussing the evolving structure of employee benefits and the increasing role that technology will play in the delivery of financial services.

We built our business by listening to HR professionals about the challenges they face and what they want from an employee benefit provider.

We know that employers are on a relentless search for talent and when they find it they are desperate to keep it. We also know that employee benefits play a key role in supporting retention, through offering people the opportunity to improve their financial, physical and mental health.

We listened and that’s why Neyber is different - an employee benefit that focuses on the financial wellbeing of UK employees and uses innovative technology to cut out the banks and give employees a fairer deal than is otherwise available in the marketplace.

We offer loan and saving products that:

Put the ‘personal’ back into personal finance
Neyber does more to assess applications than simply relying on a loan credit score and we will take full account of individual circumstances. By partnering with employers, we’re able to get to know our customers and paint a more complete picture of their financial situation to provide them with the most appropriate, affordable products.

Cut costs to give customers better rates
By slimming down on traditional banking processes, and bypassing the traditional bank branches which are frequented rarely - we’re able to offer better rates to borrowers and savers.
Give customers smart, fast technology – anywhere, everywhere
75% of Neyber applications are made on mobile phones and our systems make payments hassle-free by integrating with company payrolls. When employees apply for a loan through Neyber, we are back to them within 24 hours.

Two years ago, Neyber was an idea and now it is a reality. We are engaged with police officers nationwide across 43 forces and we are really proud that they trust us with their employees’ wellbeing.

To date 70% of our loan applications have been for debt consolidation, with customers in receipt of our loans gaining the equivalent of a 5% pay rise, as a result of the lower cost of Neyber credit.

In an era when there is very little money in finance directors’ budgets for providing extra benefits and where HR teams have the challenge of motivating key staff Neyber can enhance employee benefit packages by adding a new financial service that will make a difference to the overall wellbeing of the workplace.

Find out more visit: www.neyber.co.uk

This article was provided by Neyber