Credit, Collections & Insolvency News
Young people whose job prospects have been impacted by the pandemic are being targeted online by criminals looking to recruit money mules to launder the profits of their crimes, UK Finance and Cifas have warned. The latest research from Cifas has revealed there were 17,157 cases of suspected money muling activity involving 21-30 year olds…
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Benefit calculation specialist entitledto has announced that is piloting Experian’s Open Banking technology to help prospective social housing tenants to access financial support. Claimants often need to produce three months of paper statements to allow social landlords to assess their income and expenditure. It has been particularly challenging and time-consuming during the Covid-19 pandemic when…
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Insolvency and restructuring firm, Begbies Traynor, has bolstered its senior team in Bristol with the appointment of a new Partner. Dan James rejoins the firm he left in 2018, following the recent acquisition of CVR Global, where he will be responsible for further expanding Begbies Traynor’s range of advisory services to financially distressed businesses and…
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Shawbrook Bank has launched a new strategic relationship with alternative SME credit fintech, Caple. The agreement will expand Caple’s lending-as-a-service offer, which provides banks and institutional investors with an efficient way to access and lend to larger SMEs – the 36,000 UK firms turning over between £1 million and £50 million. Caple is an independent…
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Sercle, the Credit Union arm of Omnio Group has announced its partnership with Nivo to integrate its services with Omnio’s platform. Through the partnership, every Sercle Credit Union can offer members a market-leading mobile experience with full access to Nivo’s secure messaging and onboarding technology. Nivo’s mobile messaging has already achieved dramatic results with existing…
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Nearly 250,000 households could be automatically switched onto more expensive ‘default’ energy tariffs in March if they do not switch tariff or provider when their deal comes to an end. In January, there are 182 fixed energy tariffs coming to an end, according to new research by comparethemarket.com. Rolling off fixed term deals onto default…
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Research commissioned by Vodafone has found that the equivalent of 1.3m small businesses would go bust if they were targeted by hackers, leading to calls for the Government to put more money into cyber defences. The report urged the Government to expand and to protect small and medium-sized businesses further by providing more support to…
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Record levels of smaller businesses sought external financial support in 2020, with further significant demand expected in 2021, British Business Bank research has found. The report highlights a surge in applications for external financial support, including government and local grants, among small and medium sized businesses (SMEs), with almost half (45%) of all SMEs surveyed…
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