Credit, Collections & Insolvency News
New research has revealed that 56% of businesses are operating without any form of cyber-security insurance. This is despite one in five companies reporting an attack in the last 12 months and the likelihood of a continued surge in cyber-attacks in the coming months, and beyond. The companies reporting a cyber-attack, over half said security…
Read more
Curve Credit has announced that it has partnered with challenger credit reference agency, Credit Kudos, to strengthen its affordability and risk assessments for its customers. Credit Kudos uses Open Banking to provide lenders with real-time insights into a borrower’s financial situation, and to give a fuller view of an individual’s real-time financial health. Powered by…
Read more
New analysis has indicated that 42% of people whose fixed-term mortgages have ended since lockdown began in March 2020 may be paying a ‘loyalty penalty’ of high interest according to new Citizens Advice research. The charity found one in five (21%) customers who did not switch said the process was too time-consuming. Many have also…
Read more
Ambitious new plans to help fintechs scale up and ensure the UK remains at the cutting edge of digitalising finance have been announced by the Chancellor. Speaking at Fintech Week, Chancellor Rishi Sunak set out proposals to enhance the UK’s competitive advantage in fintech, from regulatory support and reforms to help firms grow to a…
Read more
Analysis by the Resolution Foundation suggests that British households have been hit harder by the pandemic than those in France and Germany. As part of a new project, supported by JP Morgan Chase, the Resolution Foundation has examined and compared the strengths and weaknesses of family finances across the UK, France and Germany on the…
Read more
The UK is facing a two-year recovery, according to 61% of business leaders according to new research analysis by Kroll. The survey found that business leaders believe that it will take longer than the government predicts for the UK to get out of lockdown and the economy to bounce back to its pre-pandemic level. The…
Read more
Specialist lender Cambridge & Counties Bank has appointed David Holton to the new role of Chief Transformation Officer. Reporting to Donald Kerr, Chief Executive Officer, Holton will be a member of the bank’s Executive Committee as well as chairing its Business Change Committee. As Chief Transformation Officer, Holton will lead on a wide range of…
Read more