# Scoring No-Fee Banking Services The 'Ellipses' Online Banking Service Scores Users on Spending By Michael Hemsworth | Published 2017-03-09 | Lifestyle Source: Trend Hunter, https://www.trendhunter.com/trends/online-banking-service References: [betalist](https://betalist.com/startups/ellipses) & [ellipsesbank](https://ellipsesbank.com) Those who have bad credit or no credit who are trying to get approved for some kind of loan will be interested in the 'Ellipses' online banking service as a means of doing so without the need for a credit score. 'Ellipses' works with its own custom scoring system that works over time to score users on their habits based on how well they stick to their [outlined budget](https://www.trendhunter.com/trends/incentivized-budgeting). This makes it possible for 'Ellipses' to approve users for loans without them having to rely on a credit score which can sometimes reflect largely on small mistakes or past issues that have been rectified. The 'Ellipses' online banking service acts as a great way for those with [bad or no credit](https://www.trendhunter.com/trends/zenbase) to get approved with loans. The service also features no fees to further enhance the experience for consumers. ## Trend Insights (Trend Hunter) - Score: 2.1/10 - Popularity: 21% | Activity: 34% | Freshness: 8% - Audience gender: 50% men, 50% women - Primary generations: Millennial, Gen X - Top markets: North America ## Categories [Trend Hunter](https://www.trendhunter.com/trends) > [Lifestyle](https://www.trendhunter.com/lifestyle) > [Credit Crunch](https://www.trendhunter.com/creditcrunch) ## Key Themes ### Key Themes Behind This Trend - **Alternative Credit Scoring:** The 'Ellipses' online banking service demonstrates the trend of alternative credit scoring, which relies on users' spending habits rather than traditional credit scores. - **Inclusive Financial Services:** The 'Ellipses' online banking service addresses the need for inclusive financial services by providing options for those with bad credit or no credit history. - **Fee-free Banking:** The 'Ellipses' online banking service taps into the trend of fee-free banking, offering a consumer-friendly experience without charging additional fees. ### Where This Applies - **Fintech:** The FinTech industry can explore disruptive innovation opportunities by developing alternative credit scoring systems, such as the one used by 'Ellipses'. - **Consumer Lending:** In the consumer lending industry, there is potential for disruptive innovation in creating loan approval processes that assess borrowers based on spending habits rather than traditional credit scores. - **Online Banking:** The online banking industry can take inspiration from 'Ellipses' and consider implementing fee-free services to enhance the consumer experience and attract customers with bad or no credit. ## Related on Trend Hunter - [Fintech Credit Card Platforms](https://www.trendhunter.com/trends/tomocredit.md) - [Online Creator Banking Services](https://www.trendhunter.com/trends/cashstream.md) - [Credit-Building Finance Features](https://www.trendhunter.com/trends/credit-sesame.md) - [Credit-Consolidating Finance Apps](https://www.trendhunter.com/trends/credit-finance-app.md) - [International Professional Neobanks](https://www.trendhunter.com/trends/zolve.md) - [Credit-Boosting Rental Payments](https://www.trendhunter.com/trends/bloom-credit.md) - [Privacy-First Finance Apps](https://www.trendhunter.com/trends/skwad.md) - [Credit Score Health Tools](https://www.trendhunter.com/trends/dailypay.md) - [Canadian Rent-Reporting Tools](https://www.trendhunter.com/trends/borrowell.md)