Provident Financial has announced the appointment of Neeraj Kapur as Chief Finance Officer (CFO). Kapur will join the board and start as Chief Finance Officer on 1st April 2020. Kapur is currently Group Chief Financial Officer at Secure Trust Bank plc. He has a strong retail banking background, including consumer finance and savings products expertise.…

Eleven new brokers will start training with Just Mortgages’ broker academy in the New Year after coming through a rigorous selection procedure. The new members will join Just Mortgages Employed division, with a further selection process for the self-employed division to open in January. The new recruits will undergo an intensive training programme over five…

Secure Trust Bank has become the first UK lender to complete live deployment of credit application models built using Archetype, the proprietary ‘explainable’ AI-driven software of credit scoring from Jaywing. The Archetype software generated a significant uplift in predictive power compared to a traditional linear model and is projected to provide substantial reductions in bad…

Fintech firm PayBreak has announced that it is set to use an automated decisioning platform from LendingMetrics as part of its growth plans. The company, which specialises in digital point-of-sale finance through online retailers, will deploy LendingMetrics’ award-winning ADP to build rules, scorecards and matrices using a variety of data sources so that they can make…

DJS (UK) trading as PiggyBank has entered administration. The company provided high-cost short term (payday) lending services to the UK consumer market. The company is thought to have had around 45,000 customers and was seen as one of the UK’s top 10 largest payday lenders. Shane Biddlecombe and Gordon Johnston of HJS have been appointed…

Two out of three dealers (66.1%) believe that near-prime finance will become more important to their businesses if there is a recession in 2020, new research for Startline Motor Finance indicates. The findings also show that 54.6% say they expect prime lenders to reject an increasing number of applications next year in a continuation of…

The Finance & Leasing Association (FLA) has identified three improvements that the incoming Government must adopt to transform customer protection in the consumer credit market, and strengthen the growth of a sustainable and productive economy. Priorities for 2020 and Beyond highlights the fact that the 45-year-old Consumer Credit Act (CCA), which underpins every consumer credit…

Birmingham is set to become the ‘Silicon Canal’ of Europe, according to AI firm Sidetrade, who revealed it will open a new tech hub in the city in 2020. Rob Harvey, Sidetrade’s Director of solutions consulting, shared the news at an invite-only trade mission event by the UK Government’s Department for International Trade (DIT), on…

According to new research by online bank Marcus by Goldman Sachs, almost three fifths (59%) of consumers in the UK feel pressured to overspend in social situations, which is costing us an average of £270 a year. The most common reasons why people said they felt pressured to overspend in social situations was because it…

Citizens Advice has responded to new Ofgem data on unpaid energy industry bills left behind by failed suppliers. Alongside this, the charity has released new analysis showing consumers are now facing a £255 million bill following the collapse of these firms, which will be paid through higher energy bills of their own. The new analysis…

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