Credit, Collections & Insolvency News
New research from Hamptons has shown that pandemic-led forces mean it is now cheaper to rent than buy a home for the first time since December 2014. For a first-time buyer with a typical 10% deposit, it was £71 per month (or 7%) cheaper for them to rent a home in Great Britain in May…
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Fintech start-up Ophelos has raised £1.6 million from Connect Ventures and Fly Ventures to continue development on its platform and scale the engineering and customer operations teams. The startup says that it is building a customer-centric debt collection process powered by Artificial Intelligence (AI) that will reimagine the debt collection industry to improve financial health…
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A new report has revealed that half of parents struggle to talk to their children about money. Blacktower Financial Management surveyed 1,500 UK parents to understand how parents talk to their children about money. The study reveals that too many mums and dads are neglecting their duty to educate their children about money matters. The…
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Lloyds Banking Group has announced that it has hired David Gledhill, a former executive of Singapore’s DBS Bank, as the Group Chief Operating Officer (COO). Gledhill will join in August this year, subject to regulatory approval, leaving DBS where he was group chief information officer and head of technology and operations. Before joining DBS, Gledhill…
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Data-powered integrated agency, Jaywing, has appointed Dean Mitchell as its Regulatory Risk Practice Director. Mitchell was formerly Risk Director at GE Capital’s joint ventures and Chief Risk Officer at a GE owned Dutch Bank, Dean has over 20 years of experience in risk management for banks across Canada, the Netherlands and the UK, managing clients…
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Latest research figures from FICO have shown a 12 percent increase in credit card spending and more customers exceeding their card limit in April 2021, which shows the impact of the opening up of hospitality and retail. Missed payment numbers were still below historical trends, probably due to increased savings and government support, which continues…
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