Credit, Collections & Insolvency News
The Aryza Group has announced the acquisition of HubSolv. The companies says that the acquisition will significantly strengthen Aryza’s already dominant position within the financial services and insolvency market. Aryza incorporates technology such as Open Banking and AI-informed decision making to seamlessly automate the financial restructuring and recovery journey. HubSolv has developed a suite of…
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Hodge Bank has announced a number of changes to its mortgage team. As part of the changes, Ryan Davies has been appointed as the Managing Director of Mortgages, after having held the role on an interim basis since March 2020. Before taking on the role of MD of Mortgages, Ryan Davies has held various roles…
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One in three gifted more cash to loved ones last Christmas than they did the year before, despite 40% scaling back overall Christmas spending according to new analysis by Paragon Bank. A survey of more than 2,600 customers carried out by the Bank found that 37% of savers were more likely to choose to gift…
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Older homeowners released more than £3.4 billion in property wealth last year with most of the money used to make their finances more resilient and help families via gifting according to new data from equity release adviser Key. Key says that against the backdrop of the ongoing global pandemic, there was a strong end to…
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Latest figures published by UK Finance show there were 130,000 mortgage payment deferrals in place at the end of December 2020. It means that one in 84 mortgages in the UK were subject to a payment deferral at the end of last year, compared to one in six in June 2020. The number of mortgage…
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RegTech company, TruNarrative has announced a new partnership with TrustID, to integrate their expert document review service into the TruNarrative platform. TruNarrative delivers financial crime detection, customer onboarding and transaction monitoring to Banks, Financial services, e-commerce businesses and gambling operators. Andy Pearson Head of Data Partnerships, TruNarrative said “TrustID is an important partnership, they bring…
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