Credit, Collections & Insolvency News
A man from Suffolk has been sentenced to 4 years and 9 months at Ipswich Crown Court after stealing over £490,000 from bank customers after taking over their accounts by impersonating them. The sentencing follows investigation and arrest by specialist banking industry sponsored police unit, the Dedicated Card and Payment Crime Unit (DCPCU). Blessing Mudzinge,…
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New research from Unbiased has revealed that while consumers see a role for artificial intelligence (AI) in finance, a majority prefer human advisers. The survey of 800 UK adults actively seeking financial advice found that a combined 74% are open to an adviser-led model, compared with just 6% who would choose an AI platform alone. The…
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Global credit management and technology company Pepper Advantage has announced two new appointments. Brendan Twomey joins as Chief Technology Officer (CTO) and the promotion of Gary Stockley, formerly Chief Information Officer, to Chief Product Officer (CPO). As CTO, Twomey has 25 years’ experience delivering complex tech strategies for UK commercial and scale-up banks, specialising in leading…
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Shawbrook has agreed to acquire alternative lender, ThinCats. The acquisition of ThinCats represents a strategic investment in accelerating the growth of Shawbrook’s existing presence in the specialist SME lending market. ThinCats will continue to operate as a separate brand with independent teams, and will maintain a distinct proposition for owner-managed and sponsor-backed businesses. Amany Attia,…
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Aryza has announces the acquisition of Bravure, a specialitist technology enabled debt sale and recovery solutions provider. Bravure is based in Sydney Australia. Bravure’s Bridge software helps creditors optimise recovery by analysing debt books, automating decisions on collection strategies, maximising the pricing of debt books, and enabling data exchanges with third parties such as debt…
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