Credit, Collections & Insolvency News
Legal technology firm Exizent has announced a partnership with Experian to automate the asset discovery process involved in probate. Exizent says that the milestone partnership paves the way for future institution connectivity, with the ultimate goal of making things easier and more efficient for all involved. The company says that the major challenge right now…
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Figures obtained by RSM under a Freedom of Information request demonstrate a 28 per cent rise in cyber-attacks reported to the FCA by financial services companies last year. The top cause of incidents was phishing emails, reported by 37 per cent of affected firms, followed by attacks via third-party companies (21 per cent) and DDoS…
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Rising house prices enabled older homeowners to release more than £1 billion in property wealth in the first three months of the year – the equivalent of more than £11.3 million a day, data from equity release adviser Key shows. The average customer received £103,710 – a 25% increase over the £83,242 released in the…
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Four new banks were launched in the UK in the first ten months of the pandemic, adding to the 41 launched over the previous seven years, according to analysis by ACP Altenburg Advisory. The debt advisory specialist says that the new banks provide a sign of the growing options available to businesses looking for finance as…
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As we enter the next phase out of lockdown, research from Nucleus Commercial Finance has revealed nearly a third (31%) of SME leaders are optimistic about all restrictions lifting on 21st June 21, however they also fear future lockdowns and the impact this will have on their business. Despite the UK being on track to…
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The latest Market Recovery Monitor from CGA and AlixPartners has indicated that up to one in ten restaurants has closed down since the beginning of the coronavirus lock-downs. The data suggests the number of food-led venues has fallen by 4,204. It was also found that by the end of April, only 32.9% of pubs, bars,…
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Data-driven technology company Connected Data has announced that it has partnered with global fraud fighter, SEON, to introduce data and techniques successfully used in fraud detection and prevention, to the debt management process. SEON’s approach to fraud prevention involves the aggregation of information in near real-time from over 20 social media platforms – the widest range…
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Tax, audit and advisory firm, Mazars has appointed Harris Waseem as a Director in its Restructuring Advisory team. Waseem has over 20 years’ professional services experience, working with both UK and international clients. Prior to joining Mazars, Waseem spent 16 years at a Big four accounting and consulting firm and then three years working at…
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The Financial Conduct Authority (FCA) has announced proposals to stop the practice of ‘claims management phoenixing’, by banning Claims Management Companies (CMCs) from managing Financial Services Compensation Scheme (FSCS) claims where they have a relevant connection to the claim. Claims management phoenixing occurs when individuals from financial services firms go out of business, but later reappear in connection with CMCs and charge consumers for seeking compensation against…
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Technology specialist Telrock has announced the appointment of Ray Jackson as the company’s newly appointed Chief Information Security Officer (CISO). Jackson has more than 20 years of experience in IT and Information Security (InfoSec) including a prior position at Moneycorp, a global payment services Fintech. Jackson has extensive payment card security knowledge, through prior delivery…
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The Credit Services Association (CSA), the trade association for the debt collection & purchase sector, has announced that it is launching a new Award scheme. The inaugural CSA Awards ceremony will be held at the CSA’s UK Credit & Collections Conference (UKCCC) on 9th September 2021. There will be three award categories to recognise exceptional…
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