Almost half of consumers are currently in debt and believe the rising cost of independent living is to blame. A survey of 1,000 UK adults published in The UK Spending Report, commissioned by a leading personal insolvency practice, Creditfix, has revealed that almost 1 in 2 consumers(46%) are currently in debt. Those who admitted to…

Three water retailers in England have been scolded for their poor performance after water and sewerage complaints from business customers rose sharply for the second successive year. A new report by the Consumer Council for Water (CCWater) shows that many retailers have failed to stem the flow of complaints, which have risen rapidly since non-household…

The Insolvency Practitioners Association (IPA), the membership body and regulator for those specialising in insolvency practice, has published its first formal strategy to deal with the requirements placed on the IPA as a Professional Body Supervisor (PBS) under the 2017 Money Laundering Regulation (MLR17). The strategy is an important part of the IPA’s work in…

Scottish Building Society has announced that Paul Denton has been officially appointed Chief Executive Officer. Denton, who has more than 25 years experience in the banking sector, took up the reins after formal regulatory approval with a pledge to focus on personalised customer service. With 33,000 members, Scottish Building Society is the world’s oldest mutual…

SME fintech lender ThinCats, has announced the appointment of Andy Hegedus as Director of Underwriting. Hegedus brings a wealth of industry experience to ThinCats, having joined the commercial banking industry in 1979, working across both client-facing and internal roles. Andy joins from Barclays, where he spent 12 years in the SME credit team, supporting businesses…

CCI Credit Management (CCICM) has been voted the ‘Best Global Supplier of Recovery Services’ – following expert panel analysis by industry leaders and a poll among up to 108,000 finance magazine readers worldwide – after being the UK’s ‘Best International’ agency in 2018. CCICM is based near Porthmadog in Gwynedd, recovers hundreds of millions of…

DealTrak has announced a collaboration with Godel Technologies to develop the next generation of a leading FinTech platform – doubling the collective headcount from 10 to 20. Leeds-headquartered DealTrak – a technology firm which helps thousands of UK car showrooms to manage the finance and insurance (F&I) side of their business – has joined forces…

Anti-money laundering (AML) specialist SmartSearch have become the only online verification platform to offer business credit checks. SmartSearch is already the only organization in the UK with the ability to verify individuals and companies in the UK and internationally all in a single platform via a browser or API, with full Sanction, PEP and adverse…

Having already made significant progress across industries like finance and healthcare, I believe artificial intelligence (AI) is naturally placed to radically transform the legal sector. Indeed, the pace of technological change in the last decade means that businesses are constantly exploring new AI-driven solutions to help them gain a competitive advantage and survive in the…