Equiniti has announced that it has changed its name to EQ to unify branding across its core business divisions. EQ provides accessible digital services for regulated markets. It specialises in equity and investment products, pensions, payments and regtech, and performs administration and payment services.. The company says that the new label, EQ, aligns the company’s…

The Covid-19 crisis has reduced financial wellbeing in the UK and consumers expect a further decline in the next six months, according to a European survey by credit management group Intrum. Despite this, some UK consumers have experienced a positive effect on their spending. The whitepaper outlines the financial impact of Covid-19 on private households…

Debt management solutions specialist, Flexys Solutions has announced that it is expanding its debt collection solution business to include Australia, New Zealand and the wider APAC region. The company has appointed a new Regional Director, William Swale for the region. Swales has over 30 years of experience in financial services and utilities. He has held…

Julia Reuszner has been appointed the new Chief Risk Officer (CRO) at Intrum’s head office. Resuszner joins from Pepins Group AB, a digital equity funding platform, where she is currently the Chief Executive Officer (CEO). Reuszner has a broad background from both the financial sector and the e-commerce industry, and her previous roles include CFO…

Latest figures from the Registry Trust indicated that the total number of consumer debt judgments in Ireland dropped five percent in Q1 (January-March) when compared to Q1 2019. The total value of registered debt owed by consumers in Q1 2020 was €25,947,064, compared to €28,440,399 in Q1 2019, a fall of nine percent. The average…

Ireland’s five retail banks may extend loan repayment breaks to help homeowners cope with the impact of the coronavirus to six months from the three months currently in place, the head of their representative body said on Wednesday. The banks agreed the measure in mid-March and had granted or were close to completing 45,000 mortgage…

The Central Bank of Ireland has published its second Quarterly Bulletin of 2020, which focuses entirely on the impact of the Covid-19 pandemic. In terms of its impact on the economy, Covid-19 has triggered a severe economic shock that is fundamentally different in nature and scope from types of shocks previously witnessed. For the Irish…

The outlook for the debt purchase market remains positive, despite there being a temporary pause in the supply of debt portfolios according to d bt resolution specialist, Hoist Finance. Chief Executive Officer Klaus-Anders Nysteen says he anticipates that banks will continue to divest portfolios and will do so at an earlier stage than historically.  “The…

Debt resolution specialist, Hoist Finance has announced its new sustainability strategy, which outlines the company’s Environmental, Social and Governance (ESG) goals and indicators.  Through a bottom-up process, integrating feedback and insight from employees throughout the whole organisation, Hoist Finance developed a sustainability strategy focused on four core pillars: contributing to an inclusive financial ecosystem, creating…

The Central Bank of Ireland has announced further measures in order to support the economy, firms and households through the economic shock arising from COVID-19. The Central Bank says it has decided to release a capital buffer that banks are required to hold in order support the continued provision of credit to households and businesses,…

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