Credit, Collections & Insolvency News
The growing gap between tech-savvy businesses and those struggling with technology has been accelerated by lockdown, with a huge difference in the average amounts of money invested in technology during this time, according to new research from Hitachi Capital Business Finance. The research surveyed a sample of 1,464 small business leaders across the UK which…
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LexisNexis Risk Solutions UK, part of RELX, has announced that it has acquired TruNarrative. Founded in 2016 and headquartered in Leeds, UK, TruNarrative enables organisations to manage the entire financial crime lifecycle within a single, unified platform that allows for simplified and automated onboarding, a dynamic risk score and transaction monitoring. The platform allows for no-code…
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As part of efforts to tackle the loyalty penalty, insurers in the UK (from 1st October) will be required to offer better value for money policies to existing customers. However, the Financial Conduct Authority (FCA) says too many firms were failing to meet existing regulatory standards let alone the tougher rules coming in. A new…
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Irish Regulator, the Central Bank has announced the appointment of Colm Kincaid as the new Director of Consumer Protection. Kincaid replaces Grainne McEvoy who will leave the Central Bank in January 2022 to take up an opportunity in the private sector. Announcing the appointment, Director General, Derville Rowland said “I am delighted to announce Colm…
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Fraudulent activity soared during the course of the pandemic with loan fraud up 40% in Q2, according to Experian, with criminals opening bank accounts at five times the rate of the same quarter last year. The research found that the fraud rate for current accounts rose by 13% in Q2* compared to the previous quarter and…
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TotallyMoney, the credit app built to help people move their money forwards and achieve their financial goals, has announced the appointment of Liz Afolabi as its People Director. Afolabi joins TotallyMoney’s management team from Unleashed, where she spent two and a half years building productive, engaged and high-performing teams for a number of UK and…
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Motor finance remarketing specialists G3 Vehicle Auctions have appointed a new board of directors alongside a Group General Manager, to oversee their next phase of growth plans following the move to their new £12m purpose-built auction facility. Joining the team as Chief Financial Officer is Rob Argyle who holds over 14 years in multi-site FMCG…
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