International postgraduate student loan provider, Prodigy Finance, has selected IRM software solutions provider SureCloud to consolidate, streamline and automate its risk, compliance, policy and incident management processes. After a five-month selection process that considered various vendors and platforms, Prodigy Finance selected four SureCloud products to provide a single centralised source of information and controls and…

The winners of the third annual 2019 Credit & Collections Technology Awards have been revealed. There were eighteen winners from the twenty Awards categories which are covered by four main headings of Applied Technology,  Credit and Collections, Lender and Creditors and Innovation. The awards ceremony was held at the Credit Services Association’s (CSA) annual Gala…

Credit union network My Community Finance has gone live with an automated decisioning platform (ADP) with LendingMetrics. The adoption of ADP has allowed the London-based network to shift from a hard-coded in-house loan origination system with limited decisioning capabilities, to a fully automated customer origination solution that delivers instant credit decisioning.  Neil Williams, Managing Director…

Credit Connect has announced the awards sponsors for this year’s Credit & Collections Technology Awards which takes place in Newcastle next Thursday (12th September). This year’s sponsors are fraud prevention service Cifas, debt collections specialist Credit Resources Solutions, technology, data sourcing information provider FinTrace, outsourcing specialist Equiniti Credit Services, and AI-powered accounts receivable software specialist…

Specialist Motor Finance (SMF) and LendingMetrics have announced they have entered automated decisioning technology partnership. SMF is using Lending Metrics’ ADP platform, which has been developed to free lenders from the cost burden of manual loan underwriting, while giving them access to data analytics, risk-based pricing and affordability assessment via the Open Banking revolution. It…

Global technology company, Pitney Bowes, a provider of solutions for e-commerce, shipping, mailing, data, and financial services, has announced that it has entered into a definitive agreement to sell its software solutions business to Syncsort for $700 million in cash. The transaction is expected to close before the end of the calendar year, pending regulatory…

Hanley Economic Building Society has restructured and bolstered its senior leadership team in a bid to drive positive change through its customer propositions. The Society has appointed Lynsey Carter as Head of Operations and Will Jones as Head of Technology. These high-level additions to the senior leadership team follow the recent appointment of Larne Payne…

Challenger bank Monzo has announced that it has introduced a new “Get Paid Early” feature, whereby the bank’s customers will be able to receive a salary payment via BACS credit at 4pm the day before they get paid – instead of at midnight. Monzo has over two million customers across the UK who will be…

According to almost two-thirds of CFOs (65%), digital transformation will result in fewer jobs, despite the fact that 32% of organisations aren’t currently undergoing this change, with 23% not planning to look at digital transformation for at least a year or more, as discovered in the FinTech Barometer 2019, the annual survey by fintech company…

Dun & Bradstreet and the Chartered Institute of Credit Management (CICM) have announced the findings of a multi-national study on how respondent finance and credit leaders are adopting automation in their departments and the challenges they face in implementing automation. The informal study found that while 87% of respondents believe automation will improve their respective function’s…

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