Credit, Collections & Insolvency News
New research by Aviva has found that almost three-quarters of employees (73%) said the cost-of-living crisis has made them feel more anxious about their finances. The analysis also found that 56% of employers think their employees are worried about their financial wellbeing. This might be because people are not talking about it, with half of…
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Time Finance has to announced role changes within three of their senior management team. Steve Nichols, Sharon Bryden and Lorraine Neyland are all receiving new titles and expansion of roles within the group. Nichols, who was formerly Director of Asset Finance, is now named Managing Director of Asset Finance, delegating further responsibility to deliver the…
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New research by Creditspring has found that half of parents (52%) are unable to cover back-to-school costs with their current income, with two in five at a loss as to how they will be able to afford new term essentials. The research found that four in ten (39%) are reliant on credit to buy back-to-school…
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Some of the world’s leading finance and technology firms have come together to form a new industry coalition in the UK to fight economic crime through digital verification, the Centre for Finance, Innovation and Technology (CFIT) has announced. Companies including Amazon Web Services (AWS), A&O Shearman, Barclays, CRIF, Dun & Bradstreet, Ernst & Young, Experian,…
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The latest Lloyds Bank Business Barometer showed that business confidence remained at 50% in August. Although there was no increase to the overall confidence figure, the result highlighted the continued positivity amongst businesses, with confidence still at the highest level reported since November 2015. This continued confidence was displayed in the economic optimism metric, which…
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Responsible Finance has appointed Chris Sood-Nicholls of Lloyds Banking Group to its board as a Non-Executive Director. Sood-Nicholls is Managing Director, Regional Development at Lloyds Banking Group and set up the bank’s regional development programme. A long-term advocate for impact lending and financial inclusion, he also serves on the boards of Energy Capital, the regional…
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Mortgage and protection brokerage, Access Financial Services (FS) has appointed Nicholas Jones as its Mortgage Sales and Marketing Director. In his newly created role, Jones will be responsible for growing the mortgage side of the business, along with deepening engagement with existing advisers and further developing the Access FS brand. Earlier this month, the firm…
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Experian has announced its new partnership with Paylink Solutions to address affordability restrictions with debt consolidation loans. The partnership will leverage Paylink’s ReFi™ product and expand access to credit for a wider range of consumers through the Experian Marketplace. Debt consolidation remains the number one reason consumers search for loans on the Experian Marketplace, however,…
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Aryza Group has announced it has acquired Axcess Consulting, an Australian headquartered provider of loan management software to blue chip financial services companies across Australia, UK, Ireland, Asia and Canada. Founded in Geelong in 1991, the Axcess platform is a scalable SaaS offering designed to help, non-bank lenders manage loan origination, underwriting, servicing and investment…
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