Credit, collections & insolvency news
Financial services software must become easier to use and more useful to customers in the face of the new Revised Payments Services Directive 2 (PSD2) regulation according to financial software firm Copernicus. Allen Jones, Managing Director at financial software experts Copernicus believes that ease of use and practicality are principles that need to be embraced…
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The Paragon Group of Companie has announced a strategic reorganisation of the Group to accelerate its transformation into a diversified specialist banking institution. This reorganisation will increase operational and financial efficiency, enhancing engagement and delivery to customers and business partners and will increase the Group’s capacity to meet its ambitious growth plans. As part of…
Read moreEnergy companies do not “speak the same language” as consumers. This is one of the key conclusions of a major new report launched today by the Institute of Public Policy Research (IPPR), the independent think tank, which looks at the barriers to greater consumer engagement in the energy market. Keep it simple: Energy bills made…
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Marshall Motor has sold its leasing division to Bank of Ireland UK, who will incorporate it into its car and asset finance arm, Northridge Finance. The acquisition of Marshall Leasing is conditional upon Northridge Finance receiving regulatory approval. Established in 1979 and based in Cambridgeshire, Marshall Leasing provides a range of contract hire fleet services…
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Staffordshire Credit Union has gone into administration. The Union has more than a thousand members across the country declared it was now in default and cannot repay deposits to its members. A statement on the company website said: “Unfortunately the Staffordshire Credit Union went into administration on September 18 and has now permanently closed. “The…
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Kingston Smith’s corporate recovery and insolvency arm, Kingston Smith & Partners, has recruited Dale Hernon as Head of Client Services. Hernon joins the firm from Begbies Traynor where he led the group to second in personal insolvency appointment rankings, based on statistics recorded by The Insolvency Service. He brings with him his colleague Daniel Bodgi. Kingston…
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LendInvest has appointed Ian Boden as Sales Director. Boden joins LendInvest with over 35 years’ experience in financial services, specialising in buy-to-let and commercial mortgages. During his career, Ian has held a variety of roles from wealth management and customer relationship management to senior management positions. Most recently, Boden was head of commercial mortgages and…
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