Credit, Collections & Insolvency News
I attended the UK Credit & Collection Conference run by the Credit Services Association (CSA) last week. It was of course great to get out of the office and meet up in person, Here are some of the key themes, bullets and takeaways from the day. Key headline themes Still no reports of significant arrears…
Read moreAlmost a quarter (23%) of senior finance professionals fear that artificial intelligence (AI) could put them out of a job, despite 24% of finance functions already underway with onboarding the new technology and 51% planning to in the next 12 months. These are among the findings of new research commissioned by AccountsIQ. The research found that…
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Two in three small business owners (67%) say technology is having a positive impact on their business and – 18-months on from Covid restrictions falling away – almost one in four small business owners (23%) say they are still using technology to help staff members to work from home according to research by Novuna Business…
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The total number of payments (consumer and business) in the UK last year increased to 45.7 billion, up from 40.4 billion in 2021 according to data analysis by UK Finance. Payments made by businesses accounted for 13 per cent of the number of all payments made in the UK during 2022. However, due to the…
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Increasing late payments and spiralling running costs are taking their toll on small construction firms, with confidence amongst the sector falling considerably in Q2 2023, from 27.4 to -31.8, according to FSB’s latest Small Business Index. FSB research found that more than a third of small construction firms (39%) experienced an increase in late payments…
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Andy Piggott has joined John Lewis Finance as Director of Credit and Banking. He will be responsible for the Credit and Banking division, which comprises the John Lewis Partnership Card, point-of-sale-credit (interest free and interest bearing credit), travel money, and investments. Piggott was most recently the Chief Product Officer at TransUnion UK. Prior to this,…
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Money Wellness has agreed a partnership with United Utilities to offer support to customers in the North West who are showing early signs of financial distress. Under the partnership, customers who are struggling to pay their water bills will be offered the chance to complete a Money Wellness health check to identify if they would…
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New research by Hargreaves Lansdown has found that 40% of people think the Bank of England is managing inflation badly, higher than at any other point this millennium. The research showed that 63% expect interest rates to rise over the next 12 months – up from 57% in May. 19% expect rates to remain the…
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The winners of the 2023 Credit Services Association (CSA) Awards which is hosted as part of the trade body’s annual conference – the UK Credit and Collections Conference (UKCCC) – have been announced following a live event held at the Radisson Blu Hotel Manchester Airport. The 2023 CSA Awards celebrated the outstanding work and commitment…
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