Dublin-based credit technology specialist, Vision Blue has announced that it is opening a new office in Nottingham as it expands into the personal insolvency and personal money management markets in conjunction with further investment plans.

Industry expert Martin Prigent has been appointed as Director to lead a twelve-strong team based in Nottingham’s Castle Marina. Prigent has been a key contributor to the strategic modernisation of the sector and previously spent more than a decade at debt recovery experts, TDX Group.

Set to launch new insolvency management platforms, an industry insights hub and consumer money management products, Vision Blue has ambitious plans to introduce new disruptive technology to digitise a largely paper-based industry, speeding up processes and improving transparency.

The new products will synchronise data from multiple sources, giving consistency to businesses and consumers alike. The company aims to harmonise the data over time, in order to improve business processes and consumer experiences.

The Nottingham business is expected to further expand over the next twelve months, with more hires anticipated and a consumer-focused product being planned to launch within the year.

Martin Prigent, Director of Vision Blue, said “I am delighted to be joining Vision Blue at this exciting time for the insolvency market. Vision Blue recognises that the market needs to modernise and apply technology to help the consumer and creditor manage their insolvencies more effectively. I look forward to working with the experienced team in Nottingham to deliver solutions to these challenges in the market.”

James Scott, Partner at Pollen Street Capital, said “Pollen Street are delighted to be able to support Vision Blue in their continued growth. The opening of a new office in Nottingham, together with the build out of the team there, will provide a great base for further development of new products as well as coverage of a number of core UK customers.”