Credit, Collections & Insolvency News
The UK’s Supreme Court has dismissed a claim calling for the law to be changed to force company directors to start taking creditors into account at the first risk of insolvency. The ruling clarifies the current legal position under which directors’ duties to creditors are triggered only when a company is either insolvent or on…
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The Payment Systems Regulator (PSR) has published its final decision confirming the changes it is making to improve card services and choices for businesses. Every time somebody buys something using a credit or debit card, businesses like newsagents and supermarkets, use card-acquiring services to accept the payment. The prices businesses pay for these services can…
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Software solutions specialist Aryza has announced a partnership with Validis to develop an open finance solution that will help business lenders obtain better quality financial data from their customers. The partnership was driven by a growing need across the SME lending world for better visibility over SMEs’ cash flow and finances, through real-time data sets.…
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Eight out of ten people (81%) say they will stop saving money this year due to the demands of the current cost of living according to research by Hodge Bank A study from specialist lender and savings provider Hodge has also found more than half (56%) of people in the UK* will look to use…
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Six in ten households (63%) who are not confident they will be able to pay their bills in the coming weeks have taken no steps to strengthen their finances according to Comparethemarket’s new Money Action Index. The research shows that almost two-thirds (64%) of households worried about the cost of living have found it difficult to pay…
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New research from CCW’s joint business customer insight survey with Ofwat has found that tackling business customers’ concerns over the accuracy of their water bills, and improving customer service, should be the top priorities for water business suppliers. The research revealed customer satisfaction is at 77%, still below the high point of 80% seen in…
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Hampshire Trust Bank (HTB) has announced the appointment of Uliana Kuzmis as Deputy Managing Director within its Development Finance division. Kuzmis joins HTB following seven years at Octopus Group, where she was most recently Head of Development Finance. She will report into Alex Upton, Managing Director, Development Finance. Alex Upton, Managing Director – Development Finance, Hampshire Trust Bank, said “When building…
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Digital challenger bank, Tandem Bank, has announced it is investing in a new office in Cardiff, with plans to create up to 100 new roles. Tandem currently employs approximately 500 people across the UK. Tandem’s investment plan in Cardiff will make it one of Wales’ leading fintech’s, while also expanding its footprint across the UK,…
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