New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) in November was £2.5 billion, a similar level to the same month in 2016. The commercial vehicle finance and IT equipment finance sectors reported new business up in November by 5% and 1% respectively,…

New figures released by the Finance & Leasing Association (FLA) show that new business volumes in the point of sale (POS) consumer new car finance market fell by 8% in November, compared with the same month in 2016, while the value of new business increased by 2% over the same period. The percentage of private…

New figures released by the Finance & Leasing Association (FLA) show consumer finance new business grew in November by 5%, compared with the same month in 2016. Credit card and personal loan new business together grew by 3% compared with November 2016, while retail store and online credit new business increased by 13%. Second charge…

Financial services technology provider, Intelligent Environments has announced the appointment of Jeremy Young as Chief Executive Officer. Bringing more than 20 years’ experience in the Financial Services and Software sector, Young will join the company from Fiserv where he was responsible for all sales and marketing activities throughout EMEA. Prior to this, Young served as…

Italy’s Intesa Sanpaolo is considering selling its debt collection business and a bad loan portfolio to Sweden’s Intrum Justitia the two companies have said in separate statements. The move would mark a change of strategy for the Italian lender which set up the bad loan unit, called Capital Light Bank, back in 2014 and has…

As we set out on our journey to discover what 2018 is going to bring, I would like to give you some of my ideas on how to improve your management of credit in the coming year. Technology has impacted every aspect of our lives, from the domination of the smart phone to electronic banking,…

Financial inclusion as a concept can stir mixed feelings in some people: on the one hand it means bringing as many people in to the safety of the financial mainstream as possible, away from those services on the fringes designed primarily to rip off people in vulnerable financial circumstances. On the other hand financial inclusion…