Credit, Collections & Insolvency News
UK Finance has set out recommendations for the future strategy of open banking payments in a new report. There are now over 2.5 million open banking payments a month compared to just 320,000 in the whole of 2018, and the recommendations in the report will help support the development of more products and services for consumers.…
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Energy regulator, Ofgem has decided to accept commitments from PayPoint and a donation of £12.5 million to the regulator’s Energy Industry Voluntary Redress Scheme, following an investigation into whether PayPoint has infringed Chapter II of the Competition Act 1998. PayPoint provides services to energy suppliers which enable their energy prepayment meter customers to top up…
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Enforcement solutions specialist, Marston Holdings has announced that it has won a place on Crown Commercial Service’s Transport Technology and Associated Services (TTAS) framework. The new framework runs through to 31st October 2025 and makes it easier for government and public sector organisations to procure Marston’s full range of design, build and enforce solutions that…
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A fifth of UK businesses is unable to repay government-backed Covid borrowing according to business and financial advisers Kreston Reeves. The research also found that. a third of UK owner-managed businesses report lower cash reserves now than when going into the Covid pandemic The research published today in a report Shaping your future is based on…
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Financial advisory business, Interpath Advisory has announced the appointment of Joshua Dwyer as Managing Director in its City and International Group. Dwyer joins Interpath from AlixPartners, and has more than 20 years’ experience guiding clients through the challenges and complexities of financial restructuring and formal insolvency situations, many of them with cross-border elements involving emerging…
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A recent white paper published by Themis and Encompass Corporation, the leading provider of Know Your Customer (KYC) and Anti-Money Laundering (AML) software HAS revealed new insight into the ‘cost’ of not adhering to financial crime compliance. The whitepaper, titled Financial Crime Compliance: The Cost of Getting it Wrong, analysed recent case studies and 2020…
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independent invoice financier, Bibby Financial Services (BFS), is to open a new central London office as it looks to grow its support for SMEs and intermediaries in the South East of England. BFS’s new premises are located at 30 Crown Place in the heart of the City, between Liverpool Street and Moorgate stations. Speaking of…
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Bulb Energy, which has 1.7 million customers, has announced that the firm will be put into administration. The energy firm has confirmed it will enter the special administration regime (SAR), becoming the first energy supplier to do so. The decision to place a company into a Special Administration Regime is made by the court upon…
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