Credit, Collections & Insolvency News
Order to cash specialist, Onguard has announced the appointment of Marieke Saeij as Chief Executive Officer (CEO), effective as of November 1st. Saeij has been the Chief Technical Officer (CTO) at Onguard for three years and is the successor of Bert van der Zwan, who held the positions of Chairman of the Board and CEO…
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A new trade credit report focused on South Africa by Atradius has highlighted a rise in business insolvencies with an increase of 30% year-on-year to March 2019. With a subdued performance in manufacturing and mining alongside a struggling consumer sector, linked to weaker household spending, it is expected insolvencies will increase further. The report analyses…
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Machine Learning (ML) is increasingly being used in UK financial services, according to findings of a joint survey conducted by the Bank of England (BoE) and the Financial Conduct Authority (FCA). The survey, conducted in 2019, was sent to almost 300 firms, including banks, credit brokers, e-money institutions, financial market infrastructure firms, investment managers, insurers,…
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More than half (57%) of residential mortgage products currently available have a standard maximum mortgage term of up to 40 years according to new research from Moneyfacts. The figures show that 40-year mortgage products stand at 2,782, up from 2,412 products (55.55%) this time last year. Darren Cook, finance expert at Moneyfacts.co.uk, said “Historically, a…
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