Credit, Collections & Insolvency News
Insolvency, credit and debt recovery sector software specialist Aryza has announced the launch of Debtsense Collections. Developed in conjunction with Experian, Debtsense Collections is a digital tool that can be deployed quickly and cost-effectively to help businesses deliver higher volume and better quality customer interactions. Debtsense Collections is the first digital platform that puts consumers…
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Credit Kudos has been announced as one of the key Fintechs working together with PwC to build the digital banking ecosystem sandbox platform – a PwC project to demonstrate the ease of shifting a legacy bank model to a partnership banking model. PwC has brought together a number of cloud-based platforms using SaaS APIs ,…
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The UK’s three largest debt charities have called on the Government to change ‘ineffective’ regulations on how councils collect council tax arrears to protect households who have fallen behind due to the coronavirus pandemic. Citizens Advice, the Money Advice Trust and StepChange Debt Charity fear that with council tax enforcement measures likely to restart soon,…
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Duff & Phelps has announced that Rob Armstrong has joined the firm as a Managing Director (MD) in its Global Restructuring Advisory practice in London. Armstrong has over 15 years of insolvency experience assisting clients with allegations of fraud, misfeasance and other financial misconduct or improper behavior. He specialises in contentious insolvency litigation, providing solutions…
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The Credit Services Association (CSA), the voice of the UK debt collection and debt purchase industries, has announced that it has appointed Colin Matthews to a newly-created role of Process and Systems Coordinator within the Association’s Learning and Development (L&D) team. Matthews is tasked with improving the efficiency and effectiveness of the CSA’s current systems…
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UK cardholders spent £52.9 billion on debit cards in February 2020, up 4.1 per cent on the same month the previous year, UK Finance’s latest Card Spending Update has revealed. Total spending on credit cards amounted to £15.7 billion, 4.4 per cent more than in the same period a year earlier. The annual growth rate…
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New research by Rightmove has found that first-time buyers now need an additional £12,000 for a 15% deposit on a property. The new analysis has found that the average first-time buyer’s 10% deposit has increased to £24,189, jumping to £36,284 if a 15% deposit is needed Whilst The current average asking price of a typical…
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Mortgage breaks taken by 1.6 million homeowners could cost them at least £821 million in extra interest according to new analysis. Research by mortgage broker L&C Mortgages has shown that the mortgage breaks taken by 1.6 million homeowners due to the COVID-19 pandemic could cost them at least £821 million in extra interest. Figures calculated…
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The Government has introduced the Corporate Governance and Insolvency Bill in Parliament, which will put in place a series of measures to amend insolvency and company law to support business and to address the challenges resulting from the impact of coronavirus (COVID-19). The Bill consists of 6 insolvency measures and 2 corporate governance measures. The…
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