Credit, Collections & Insolvency News
The Creditfix Group has announced a new operating structure in response to the current economic landscape and changes in the debt help industry. The changes will see FCA-regulated UK Debt Expert become The Creditfix Group’s main debt advice hub across the UK, providing personalised advice to achieve positive outcomes for people struggling with debt. Stephanie…
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Payments specialist, Shieldpay has announced that it has agreed a partnership with KPMG Law. Shieldpay has been supporting KPMG Law’s corporate clients as an escrow and paying agent provider for corporate and M&A deals since 2020. Following the success of this relationship, built through working on numerous deals with KPMG Law’s UK corporate teams, Shieldpay has…
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Debt management platform, IE Hub has announced three new partnerships with Yorkshire Water, Amplifi Capital, AutoMoney Motor Finance. After an initial trial in 2023, AutoMoney Motor Finance is the latest car financier to partner with IE Hub. The new partnership strengthens the already customer-focused car finance company, making debt management easier for AutoMoney Motor Finance and its…
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Money Advice Liaison Group (MALG), the UK membership organisation has appointed Vikki Brownridge to its board of directors. Brownridgei took up the role of CEO of StepChange Debt Charity, where she has worked since 2005, in May 2023. Prior to this she held several senior leadership positions including Head of Debt Advice where she was…
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Payment specialist Acquired and collections management technology provider Flexys have agreed a partnership to provide Flexys’ platform with Google Pay, Apple Pay, and Open Banking powered payments. The partnership enables Flexys to implement transaction approval, payment type, acquirer data and cost control. James Hill, CEO at Flexys said “At Flexys, we’re committed to delivering innovative…
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Debt purchase, collections, litigation and reconnection specialist, Perch Group has announced that it has completed a £210 million funding package to support its next stage of growth. This package comprises £105 million of initial commitments with the ability to scale as the Group continues its growth journey. The transaction sees Shawbrook Bank and Paragon Bank…
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Business outsourcing provider Sigma Connected has been named in The Sunday Times Best Places to Work list for the second year in a row. The accreditation is based on the scores its 1,200-strong UK workforce provided through a survey. With increases across the board from 2023, the survey saw job satisfaction at an all-time high…
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Collections and revenues consultant business, Arum has announced it has appointed Matt Trueman as Managing Director. Trueman joins Arum with over two decades of experience in the financial services industry, bringing with him a wealth of knowledge across credit and collections, technology deployment and business transformation. Prior to joining Arum, he held key leadership roles…
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Contact Centre Software specialist, Saascoms has announced a partnership with Global Debt Recovery to provide digital contact solutions. Global Debt Recovery has been servicing debt recovery for over 40 years Commenting on the partnership, Natalie Bunyer, Managing Director of Global Debt Recovery said “We had expected to save some cost, but nothing like the numbers…
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The Credit Services Association (CSA) has announced that former England captain and manager Kevin Keegan has been confirmed as special guest speaker at its annual CSA Awards. Keegan is one of the most recognisable faces in British football, with an illustrious playing career including time at Liverpool, Hamburg, Southampton and Newcastle as well as the…
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StepChange debt charity says it has seen an increasing demand for its services, providing full debt advice to 183,403 clients, a 10% rise year-on-year. The charity guided a further 277,621 people, and helped 17,456 people to become debt free, according to its 2023 Impact Report. With the cost-of-living crisis both worsening debt problems for some…
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The Credit Services Association (CSA), the only national trade association in the UK for organisations active in the debt collection and purchase industry, has published a collection of essays detailing the experiences so far of a sample of their members in implementing Consumer Duty requirements. The Financial Conduct Authority’s (FCA) Consumer Duty rules began on…
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AdviceUK, the UK’s largest network of advice-giving organisations, has announced a collaboration with Trustfolio and AdvicePro to offer a free 3 months’ instant access trial to client credit reports. The partnership will enables advisers to enhance the quality and speed of service they are able to offer clients, saving time and money by removing the…
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