Credit, Collections & Insolvency News
New research by Arbuthnot Latham has revealed that 74 per cent of respondents think the next generation will have the same means or be worse off financially, challenging the perception that younger generations will be better off than their parents due to economic growth and improved standards of living. Despite this, only 14 per cent…
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The global economy is continuing growing at a modest pace, according to the OECD’s latest Economic Outlook. The Economic Outlook projects steady global GDP growth of 3.1% in 2024, the same as the 3.1% in 2023, followed by a slight pick-up to 3.2% in 2025. The impact of tight monetary conditions continues being felt, particularly in…
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Latest data from the British Retail Consortium has revealed that a footfall decreased by 7.2% in April (YoY), down from -1.3% in March with high Street footfall decreasing by 6.9% in April (YoY), down from -1.5% in March. Retail Parks footfall decreased by 6.2% in April (YoY), down from -3.5% in March whilst Shopping Centre footfall increased by 7.2% in April (YoY), down from…
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A new report from the Lending Standards Board (LSB) shows the progress made by UK banks and lenders over the last 12 months in offering better accessibility support to deaf customers. In the UK, one in five adults are deaf, have hearing loss, or tinnitus. Hearing loss affects more than 40% of people over 50…
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With the rise of artificial intelligence (AI) and machine learning, the way consumer loans have been offered and priced has been quietly revolutionised, opening up opportunities for more consumer-centric, personalised products. As a data scientist and advanced analytics consultant to the banking industry, I’m fascinated by modern AI tools and their ability to give pricing committees a much deeper view of their…
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