Credit, Collections & Insolvency News
The Bank of England has released its latest Money & Credit data indiating that consumer credit increased by £0.9 billion in October, similar to the previous few months, but below much of the period since 2016. Mortgage market activity remained broadly stable in October. The flow of mortgage lending increased to £4.1 billion in October…
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Most financial institutions use external vendors to facilitate communication, regulation and complex analytical and processing requirements. However, as many vendors are now embracing automation technologies themselves the evaluation and choice of vendor has become more complex. The case for Investing Robotics (e.g. automation) and AI (e.g. machine learning) offers businesses the prospect of improved efficiencies…
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According to new research, one in ten consumers will put the whole cost of Christmas on their credit card. The research by GoCompare Money, has found that the average British household expects to spend £719 on Christmas festivities this year. Collectively, the Nation will splash out £19.5 billion on gifts, food and drink, parties and Christmas…
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Pay.UK has announced the appointment of Nathalie Oestmann as a new Non-Executive Director to its board. Nathalie Oestmann works at IDEMIA – a world leader in digital security and identification technologies – where she is Senior Vice President of Global Innovation Strategy, Marketing & Partnerships/M&A for the Financial Institutions Business Unit. Oestmann has extensive international…
Read moreShoosmiths has appointed Gemma Napper as Partner to its national financial services team. Napper completed her training contract at Shoosmiths in 2004, qualifying into a corporate role, later specialising as a financial services lawyer. In 2009 she joined Arthur Cox in the firm’s banking team, before leaving to work in-house at Opel Vauxhall Finance. For…
Read moreThe average small business is owed £24,841 in late payments according to research by accounting software provider Xero.On any given day, 78% of businesses are owed money outside of agreed payment terms. The research was based on data taken from two million invoices issued by Xero’s UK small business subscriber base which showed that in…
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