Credit, Collections & Insolvency News
Specialist lender Cambridge & Counties Bank has selected leading tech firm and AI specialist SnapLogic, the AI operational layer for the Agentic Enterprise, to further enhance its asset finance capabilities following a period of strong lending growth and improved service to brokers.
In terms of asset finance, the bank’s focus on service delivery with a core group of brokers resulted in a 74% uplift in broker-led new business in 2025, increasing to £140 million.
David Holton, Chief Transformation Officer at Cambridge & Counties Bank, said: “We did not set out to implement AI for AI’s sake; we set out to solve a business problem. We wanted to significantly increase operational capacity without compromising the personalised service our customers and brokers value.
“SnapLogic gives us the integration, orchestration and governance foundation to operationalise agentic AI on top of our existing technology estate, enabling us to automate repetitive work, accelerate lending and keep experienced colleagues at the heart of every customer decision.”
Jeremiah Stone, Chief Technology Officer at SnapLogic, ssid “Cambridge & Counties Bank demonstrates what enterprise AI should look like in practice. The real value of AI comes when it’s anchored in a business outcome and orchestrating the systems, data, and workflows that run the business. By combining integration, orchestration, and governance on a single platform, Cambridge & Counties Bank is building a scalable operating model for accelerated growth while delivering the trust, transparency, and oversight required in financial services.”
Sarah Barker, Chief Commercial Officer at Cambridge & Counties Bank, said “Our investment in technology is driven by a clear objective: to make it easier and faster for brokers and customers to do business with us, without losing the relationship-led approach that sets Cambridge & Counties Bank apart. By combining the expertise of our people with AI-enabled processes, we’re creating greater capacity to support growth, deliver a consistently high level of service and continue evolving our asset finance proposition in response to broker needs.”
Funding Circle has anouncesd the appointment of Rob Straathof as Chief Executive Officer (CEO), subject to regulatory approval. Straathof brings a combination of deep SME finance expertise, credit experience and a track record of leading fintech businesses. The appointment follows a search process led by the Nomination Committee, supported by an independent executive search firm, which…
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LHV Bank has appointed Damian Thompson as Chief Executive Officer and Executive Director. He will join the Bank on 4th January 2027, subject to regulatory approval. Thompson has more than 30 years of experience across UK banking, structured finance and financial services. After almost 2 decades in senior roles at NatWest Markets, he joined Starling…
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FTS Recovery has announced three appointments as it builds its London presence, adding experience in complex restructuring, corporate insolvency, and support for businesses in financial difficulty. Natalie Rose joins as Director alongside Restructuring Manager Michael Conway and Elena Lysandrou, who joins as a Recovery Executive. Rose brings almost 30 years’ experience in restructuring and insolvency,…
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Bank lending to small businesses across Great Britain falls £27bn in three years, with nine in 10 postcode sectors receiving less finance. The data has revealed a sustained and widespread decline in high street bank lending to UK small businesses, with total outstanding SME credit falling to its lowest level in more than a decade.…
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Recognise Bank has appointed Ronelle Arbib as its new Chief Revenue & Operations Officer (CROO), as the Bank evolves its leadership structure to support its next phase of growth. In the newly created role, Arbib will bring together Recognise Bank’s Lending and Savings, Operations, Product and Marketing functions, creating clear end-to-end accountability for the Bank’s…
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