Credit, Collections & Insolvency News
Tonik Energy, a gas and electricity supplier with around 130,000 domestic customers has ceased to trade. Under Ofgem’s safety net, the energy supply of Tonik Energy’s customers will continue and outstanding credit balances of domestic customers will be protected. Ofgem will choose a new supplier to take on all of Tonik Energy’s customers. This supplier…
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Lending software solutions specialist Aryza has announced that its partnership with Freedom Finance, to develop customer engagement solution ‘myfreedom’ has already helped hundreds of UK consumers secure access to credit and gain a clearer understanding of their finances, with over £1 million being lent in the first few weeks. Aryza’s solution allows users of the…
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A fully-charged fintech sector can drive SME growth after Bounce Back Loan scheme closes according to business lender Iwoca. The CEO of the business lender has outlined the need for the fintech industry to be strengthened so it can support the growth of small and micro-businesses after the Bounce Back Loan scheme closes at the…
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The Financial Conduct Authority (FCA) has opened application windows for two ‘sandbox’ services to support innovative firms tackling challenges caused by the coronavirus (Covid-19) pandemic. Application windows for Cohort 7 of the Regulatory Sandbox and the pilot of a new Digital Sandbox initiative have opened with an emphasis on supporting products and solutions that will assist consumers and firms…
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Digital bank Zopa has appointed Andrew Hawkins, startup entrepreneur and mobile technology expert as its Chief Technology Officer (CTO). The appointment comes after Zopa was awarded its full bank licence in June and as it embarks on the launch of new products. Hawkins joins Zopa with over 20 years’ experience across technology and product leadership…
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The UK’s mid-sized businesses, responsible for one-third of UK jobs and £1.4tn in revenues, risk having their Brexit plans side-lined as they deal with a second wave of the COVID-19 pandemic, according to new research from accountancy and business advisory firm BDO. The third monthly Rethinking the Economy poll of 500 mid-sized businesses leaders, published…
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