Credit, Collections & Insolvency News
High street banks’ lending to small and medium-sized enterprises (SMEs) slowed in the third quarter of 2025, according to UK Finance, reaching £4.2 billion. Year-on-year growth dropped to 6.4%, down from 8.3% in the previous quarter and 14% in Q1. This marks the slowest growth since banks resumed lending to SMEs in early 2024. UK…
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Credit Connect has announced its annual Credit & Collections Technology company Power List for 2025. The seventh edition of the Power List is a round-up of the most prominent innovative companies within credit and collections technology. Each year, Credit Connect identifies the Top 20 ‘Premier’ innovator companies, highlighting the achievements and successes of the top-performing…
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Tandem Bank has announced the appointment of Russell Strevens as its new Chief Technology Officer (CTO). Strevens brings a proven track record in building and scaling modern technology across financial services and other regulated industries. He joins Tandem from Small World Financial Services, where he served as CTO, leading global engineering, cybersecurity and technology teams, and…
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Leonard Curtis has appointed Gavin Snell as its first Non-Executive Chairman. Snell is an experienced leader with a proven record in growing and transforming professional services, SaaS and information services organisations. He has recently led two successful PE exits having overseen significant organic growth and effective delivery of multiple acquisitions. He will join an experienced…
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New data from AJ Bell has found that one-in-five (19%) people have less than £1,000 saved in an emergency cash pot. The data showed that younger people tend to have less saved than older people – 21% of over 55s have £20,000 or more saved in an emergency cash pot, while 37% of 18 to…
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New research from financial wellbeing business Loqboxr has revealed a major shift in how families are approaching Christmas this year, with four in ten planning to buy fewer gifts and a quarter saying the season has become ‘too materialistic.’ Rather than these changes taking the shine off the season, this shift shows families are choosing…
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Debt management firm Lantern has announced that it has appointed Charlotte Symonds as its new Chief Operating Officer (COO). Symonds joined the company in December, bringing with her twenty years of experience in the financial services sector. She boasts an impressive two-decade career, including a senior role at Nottingham Building Society and a 17-year stint…
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