Credit, Collections & Insolvency News
New HM Treasury figures have revealed that the banking and finance industry has approved another £2 billion of business loans over the past month, with the figure now rising to almost £73 billion to almost 1.6 million businesses so far through government-backed coronavirus lending schemes. Almost 29,500 Bounce Back Loans have been approved over the…
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Enforcement services group, Marston Holdings has announced the appointment of Andrew Solomou as Business Development Director. Solomou has extensive business development experience and joins direct from The Sherriff’s Office, a provider of debt recovery and enforcement services. In his previous role, as Business Development Manager, he supported clients through the delivery of a range of…
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The Financial Conduct Authority (FCA) has announced that it has made senior appointments to help drive its transformation programme to build a data-led regulator able to make fast and effective decisions. The FCA announced a restructure in December. This brought together two supervision divisions with the FCA’s policy and competition functions. Following rigorous and wide-ranging…
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Invoice finance firm Optimum Finance has announced the appointment ex-Microsoft Global Director, Gordon McIntosh, as Chief Technical Officer (CTO). Mcintosh has extensive experience with a decade working at Microsoft headquarters in Seattle, Washington. His most recent role at the tech giant was Global Director of Service Engineering for Microsoft’s Volume Licensing and OEM businesses in…
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Consumer credit provider NewDay has launched Aqua Coach, which uses credit information from TransUnion to help its Aqua customers learn how to build their credit score. Through the Aqua brand, NewDay provides credit to consumers that may not be served by mainstream lenders. Aqua Coach gives these customers access to their credit score, and highlights…
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An independent review led by former Worldpay CEO Ron Kalifa has set out a new strategy to put the UK at the top of the global fintech league table. The review has set out a blueprint for the UK to maintain its global leadership in financial technology by helping the country’s fintech firms to scale…
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Nearly half of businesses need more assurance on data security to adopt open banking according to new research by Yolt Technology Services (YTS). The research found that 42% of financial services businesses want better support and guidance on data security in relation to open banking. The survey of financial professionals including banks, lenders and retailers,…
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