Credit, Collections & Insolvency News
The finalists for the fifth annual Credit & Collections Technology Awards, the UK’s celebration of tech innovators in credit and collections, have been revealed. The Credit & Collections Technology Awards, organised by Credit Connect Media will host the Awards ceremony as a face to face event at the Midland Hotel, Manchester on Thursday 4th November. This year’s…
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A detailed analysis of how the UK’s small businesses were impacted by Covid-19 and other economic challenges in 2020 has been published in a joint study by leading payments authority, Pay.UK, and Europe’s largest credit management membership body, the Chartered Institute of Credit Management (CICM). The research, which set out to track how many organisations…
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New research by Demos has predicted that credit services are predicted that credit scores are predicted to improve by 2% this year. The research in the form of the third annual Good Credit Index shows an average increase in access to credit in the UK, mostly due to effective government intervention to prevent a financial crisis. The…
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A KPMG poll of 1,325 business leaders in the world’s largest economies, has found increasing confidence in the global economy is set to spark an acquisition spree. The survey saw 87% of respondents say they were looking to do deals to help boost and transform their businesses within the next three years, with mergers and…
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The Financial Reporting Council (FRC) has issued a formal complaint against KPMG, a former partner and some current and former employees over alleged misconduct. The formal complaint alleges Misconduct against KPMG and several individuals regarding the provision of allegedly false and misleading information and/or documents to the FRC by KPMG in connection with the FRC’s…
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Enforcement market integrator Just has begun the application process to become a certified B Corporation. Certified B Corporations are a new kind of business that balance purpose and profit. They are legally required to consider the impact of their decisions on their workers, customers, suppliers, community, and the environment. It’s a community of leaders, driving…
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Lenders could see the time they spend processing the average loan reduce by more than 85% with the adoption of Open Banking technology, according to research from Yolt Technology Services. The company says at present, lenders process an average of 6,258 loans a year, with each single loan taking 3.5 hours for the business to…
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More than two-thirds (67%) of consumers in the UK said they would find it easier to view all of their financial information in one place highlighting the demand for open finance, according to a new survey by data aggregation and analytics platform Envestnet Yodlee. The 2,000-person survey explored the attitudes of consumers in the UK…
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