Credit, Collections & Insolvency News
The Financial Conduct Authority (FCA) has launched a Call for Input (CfI) on the opportunities presented by so-called ‘open finance.’ Open finance builds on the principles of open banking – the sharing of data which provides new ways for customers and businesses to make the most of their money. Open finance would extend those principles…
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The Christmas period is set to cost British consumers almost £1,000 each. A study of 2,000 adults found celebrating the festive season by buying presents, food and drink, and outfits for parties will see them splash out an average of £973.80 per person. Gifts for friends and family take up more than half of the…
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Henry Howard Finance Group has announced a change of name to Propel in support of the company’s strategic positioning. The company offers SME funding to UK equipment suppliers. Anne Williams, Chief Operating Officer said ‘’Our Propel Promise, being small enough to care and deliver a brilliant personal service to our customers, and big enough to have…
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More than six in ten consumers (62%) would be happy to try retina recognition identification, according to new research from Equifax. In general, respondents were very open to trying new forms of biometric verification, including fingerprint (61%), facial recognition (57%) and palm verifier (57%). There was, however, some reluctance when it came to verification by…
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Ultimate Finance has announced that it has partnered with Nivo to invest in facial recognition technology to make it quicker and easier to apply for funding. Nivo gives Ultimate Finance access to a range of leading technology services so they can streamline customer engagement through instant messaging. Features such as biometric ID verification and file…
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Loan management platform, Anchor has announced that it has completed its integration between payments technology provider – Acquired.com and multichannel payment specialist CashFlows. This new integration allows Anchor’s existing and future client base to have the option of adding the most advanced payment technologies to their payment and collection strategies. Providing access to new products…
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Two in three UK households (66%) expect to return to their normal financial state within three months after Christmas, research from Ferratum Group, a global provider of mobile financial services has revealed. In last year’s Winter Barometer, this figure was just 44%. The Ferratum Winter Barometer, conducted in November 2019, surveyed over 31,000 households across…
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