Three AI questions lenders must answer in 2018

26th February 2018 Industry opinion |

Advances in AI and machine learning will impact organisations beyond simple technical capability. They will face new types of challenges in terms of skills gaps, different approaches to implementation and new methods for monitoring models. In this blog, Ben O’Brien, Managing Director at Jaywing, explores how lenders can prepare for AI implementation, to ensure they…

Read more

Government’s energy price cap bill is “good news for consumers”

26th February 2018 Consumer Collections |

Legislation to cap energy prices for over 11 million households will go before parliament today. This bill will impose a temporary total cap on the cost of all default tariffs. Responding to the introduction of the Domestic Gas and Electricity (Tariff Cap) Gillian Guy, Chief Executive of Citizens Advice, said “This bill is good news for…

Read more

Card spending rises by 5.8%

26th February 2018 Consumer Collections |

UK Finance has published its latest lending figures for 2018 that spending on cards was 5.8 percent cent higher than in January 2017, although higher repayment levels meant that the pace of borrowing saw little change, growing at 4.8 per cent annually. Commenting on the data, Eric Leenders, Managing Director, Personal Finance at UK Finance said: “January…

Read more