28th July 2026 - Credit Connect

Open Banking passes one billion payments milestone

28th July 2026 Consumer Lending | #open banking

The UK’s Open Banking ecosystem has reached two landmark milestones, with more than one billion Open Banking payments and 100 billion API calls now recorded across the CMA9 banks since the launch of Open Banking more than eight years ago. A defining moment in the evolution of Open Banking in the UK, these milestones demonstrate how the initiative has become an integral part of…

Funeral costs rise by 3.3% in just 6 months

28th July 2026 Consumer Collections | #funeral costs

The cost of a traditional funeral has risen by £90 in just three months and by £151 since the start of the year, according to new data from Pure Cremation. The research found that the average traditional funeral now costs £4,713, a rise of 1.95% between July and April 2026 and 3.3% since January. The…

Paylink Solutions makes new additions to its leadership team

28th July 2026 Appointments |

Paylink Solutions has announced the appointment of Andy Hart as Managing Director and Nicky Mikulla as Sales Director. The company says that the appointments reflect Paylink Solutions’ continued investment in shaping the future of affordability. Over the coming months, the company will introduce a range of new platform capabilities that combine AI, intelligent decisioning, automation…

FCA launches nationwide car finance campaign

28th July 2026 Consumer Lending | #car finance compensation

Millions of car finance customers who may be owed compensation can get help making a complaint for free, as the Financial Conduct Authority (FCA) launches a new national advertising campaign. Research by the FCA found that 27% of car finance customers lack confidence to make a complaint without using a claims management company (CMC) or law firm, despite free tools from…

Fourth director disqualified for role in £13.9m Barclays scam

28th July 2026 Commercial Credit Management | #fraud

A fourth company director has been disqualified for their role in a scheme involving unauthorised banking transactions worth almost £14 million. Daryl Dylan allowed unarranged overdrafts with Barclays Bank to be used to make transfers of more than £1.6 million from the accounts of Oldcocdt Ltd and Oldcostl Ltd in 2021. Most of the transfers…

Time Finance appoints Relationship Manager

28th July 2026 Appointments |

Independent SME lender Time Finance has announced that it has strengthened its Invoice Finance Operations team with the appointment of Emma Caton as Relationship Manager. Caton joins Time Finance in its Invoice Finance North team with over 13 years’ experience in the industry, having previously held Relationship and Client Manager roles at RBS, HSBC, Bibby…

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