Credit, Collections & Insolvency News
New figures released by the Finance & Leasing Association (FLA) show that asset finance new business (primarily leasing and hire purchase) grew by 5% in September, compared with the same month in 2018. In Q3 2019 as a whole, new business was also 5% higher than in the same quarter in 2018. New finance for…
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New figures released by the Finance & Leasing Association (FLA) show that the second charge mortgage market has reported that volumes are up by 20% in September Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Interim Director General of the FLA, said “The second charge mortgage market reported…
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A new report by trade credit insurer Atradius has revealed the top trading risks within Eastern Europe’s major markets. The report reveals that despite the end of a technical recession in Turkey, economic growth is forecast to level off this year (0.1%) and a 10% increase in business insolvencies is expected. Payment delays and default risks…
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Gordon Brothers have announced that it has appointed Ben Olushola as it’s new as Corporate Counsel. Olushola will operate as the front-line transactional and corporate counsel, managing deal documentation and related matters, for Gordon Brothers’ international business. He has over 10 years’ experience of restructuring and insolvency matters including distressed corporate M&A, pre-pack insolvency transactions,…
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Global provider of secure payment products and customer contact solutions, Eckoh has announced that it has partnered with global payments technology provider Mastercard to offer the Pay by Bank app (PbBa) as an alternative payment capability for contact centres. PbPa was created by Vocalink, a Mastercard company and meets PSD2 standards and requirements for strong…
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Credit Kudos, has been announced as a double finalist in Nesta Challenges’ Affordable Credit Challenge, using open banking to help community lenders support even more borrowers, particularly those in the public sector. Originally announced in the 2018 Budget by the then Chancellor, Philip Hammond, the Affordable Credit Challenge is run in partnership with HM Treasury.…
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Almost two-thirds (64%) of CFOs expect that within the next five years the financial world will no longer be able to operate without big data, however, 13% of CFOs think this is already the case. Currently, financial directors are mainly using big data to make well-informed decisions (54%), to make predictive analyses (41%) and to…
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High Court Enforcement Agencies have been incorrectly charging VAT on top of their fees to debtors according to research by Just Digital Marketplace. Efforts to obtain clarification on the correct approach were led by the firm. Just says that it sought advice from the VAT barrister, Melanie Hall QC, of Monkton Chambers and then consulted…
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