Credit, Collections & Insolvency News
Online mortgage broker, Mojo Mortgages, has announced that it has partnered with Credit Kudos to launch of MortgageScore™, a market-first service for thousands of first time buyers who want to get on the property ladder. MortgageScore™, powered by open banking data from credit bureau Credit Kudos, will bring transparency and openness to a secret market.…
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The Credit Services Association, the voice of the UK debt collection and debt purchase sectors, has maintained its Silver accreditation from Investor in Customers, and it has been congratulated for continuing to provide an outstanding experience to its Members. The independent Investor in Customers (IIC) assessment process surveys employees, management and customers to determine the…
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Oodle Car Finance has appointed Equiniti Credit Services (EQCS), as its standby servicer following the successful completion of its first asset-backed securitisation, worth £350 million. The oversubscribed transaction saw the fast-growing, online, used-car finance provider attract demand from 14 European and international bond investors. With EQCS in place as its ongoing standby servicer, Oodle has…
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Banks will need to strike a balance between technology innovation and risk mitigation according to a new report by HSBC. The report says that technology and data advances will enable banks to provide customers with a hyper-personalized largely automated service within the next decade, replacing the traditional retail products-based approach. But the extent of the…
Read moreRecent research from the University of Edinburgh Business School has revealed that including gender information in credit scoring models increases the proportion of women accepted for consumer credit without altering the predictive accuracy of these models, The reseearch suggests that women can benefit from gender being taken into consideration in automated decision-making processes, increasing their…
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Mortgage arrears remain one of the most important issues in Ireland according to the Irish Central Bank, Deputy Governor, Ed Sibley. Speaking at the MABS Conference, ‘Money Advice and Budgeting – 2020 and Beyond’, Sibley praised the work of MABS and outlined how the Central Bank’s different responsibilities connect to build financial resilience and how…
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The number of insolvencies of pub and bar companies has increased by 13% to 530 in the last year (year-end September 30, 2019) up from 470 the previous year according to new UHY Hacker Young research. The research shows that this is the third successive year in which pub company insolvencies have increased. This is…
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