John Lewis has announced that it has hired Amir Goshtai to take over as its Director of Financial Services as the department store pushes into the digital retail space. Goshtai joins from credit agency Experian, where his most recent role was Managing Director of Marketplace. He brings over 20 years of entrepreneurial experience in retail…

New figures released by the Finance & Leasing Association (FLA) have shown that the consumer car finance market reported a fall in new business volumes of 27% in February 2021, compared with the same month in 2020. The consumer new car finance market reported a fall in new business volumes of 34% in February compared…

New figures released by the Finance & Leasing Association (FLA) show that consumer finance new business fell in February 2021 by 26% compared with the same month in 2020. The retail store and online credit sector reported a fall in new business of 6% in February compared with the same month in 2020.  The credit…

New figures released by the Finance & Leasing Association (FLA) show that second charge mortgage new business volumes fell by 34% in February 2021 Commenting on the latest new business figures for the second charge mortgage market, Fiona Hoyle, Director of Consumer & Mortgage Finance and Inclusion at the Finance & Leasing Association (FLA), said…

A new report from analytics company FICO has revealed that working from home over the pandemic has negatively impacted fraud protection, with 79% of banking executives saying there was a high or major impact. A further 49% of respondents said it was a major challenge having multiple systems for managing fraud and financial crime Toby…

A year on from the start of the pandemic, new research from StepChange Debt Charity has revealed that nearly a quarter (23%) of the 1.6m people who’ve accessed credit payment deferrals have subsequently missed repayments, while half (50%) say they have resumed repayments but with difficulty. Since last week people struggling financially as a result…

A new KIS Finance survey has revealed some of people’s financial concerns relating to lockdown restrictions easing and the pressure to socialise again with nearly 40% are concerned about being able to afford socialising after lockdown. The company’s research has found that 38.1% of people are concerned about overpressure from friends and family to go…

New research from global insights and information company TransUnion suggests an increased intention among consumers to engage with online-only banks or apps, narrowing the gap between these challengers and traditional high street banks. The figures show 11% of consumers intend to open an account with an online-only bank or app in the next 12 months,…

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