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Hastee Successfully Passes Compliance Review

Pioneering Success: Hastee Achieves Landmark Compliance with EWA Code of Practice

Back in 2023, Hastee joined forces with the UK Money & Pensions Service, the CIPP, and 6 other Earned Wage Access (EWA) providers to launch the worldโ€™s first โ€˜EWA Code of Practiceโ€™. The Code set out a common standard that firms providing EWA products should follow to deliver good consumer outcomes.ย ย 

Now, 12 months on, Hastee continues to deliver on its pioneering spirit within the rapidly growing EWA industry: Hastee is among the very first EWA providers to have been independently assessed by a global leader in assurance servicesย against its compliance with the EWA Code of Practice.ย ย 

In line with the Code, in-depth reviews were conducted of the following areas of Hasteeโ€™s business areas:ย 

  1. Product design and valueย 
  2. Communicating with consumersย 
  3. Vulnerabilityย 
  4. Ongoing Consumer Supportย 
  5. Product Governanceย 
  6. Oversight and Measuring Outcomesย 
  7. Appropriate Consumer Relationships and Conflicts of Interestย 
  8. Training and Competencyย Assuranceย 

Following a series of interviews, process reviews, and consumer journey testing, Hastee has received a pass mark, highlighting Hasteeโ€™s continued focus on delivering good consumer outcomes.ย ย 

 

Hastee COO Clemens Moehring, who has led Hasteeโ€™s contribution to the Code, said: โ€œWe are incredibly proud to have successfully passed the first independent assessment of the EWA Code of Practice. This achievement not only highlights our dedication to maintaining the highest standards in the industry but also reinforces our commitment to empowering employees with responsible and transparent financial solutions. We are grateful for the thorough and professional assessment, which assures our clients and users of the integrity and reliability of our services.โ€ย 

 

๐Ÿ‘‰ ๐Ÿ“‚ Click here to view and download the full EWA Code of Practice on the CIPP website

 

ย  ย ย  ย ย  ย  ย  ย CIPP-Logo - Highland Payroll Servicesย  ย ย MaPS

 

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