Credit, Collections & Insolvency News
Admiral Loans has entered the direct-to-consumer car finance market, launching with HP, PCP and personal loan products. Admiral Loans said it also provides no-obligation quotes which won’t impact consumer credit scores. Admiral offers HP and PCP’s range loans. Scott Cargill UK Chief Executive Officer at Admiral Loans said: “Buying a car is one of the bigger…
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Moneyway (the motor finance arm of Secure Trust Bank) has announced that it has appointed a new Managing Director. David Mercer joined from Cox Automotive, where he headed its stock funding arm, NextGear Capital. Mercer helped launch NextGear in the UK back in 2014 and was also responsible for its expansion into Ireland. Prior to…
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The Civil Enforcement Association (CIVEA) has appointed Russell Hamblin-Boone to a new position of Chief Executive Officer. Mr Hamblin-Boone will give a new voice and direction to CIVEA and its members at a time when the industry is facing a review of regulations and needs strong representation in policy debates. Hamblin-Boone was previously Chief Executive…
Read moreDebt Purchaser, Arrow Global Group has announced the appointment of Dave Sutherland as Group Chief Operating Officer (COO). Sutherland is a highly experienced executive with a successful track record of managing operations within large, international financial services organisations. He joins Arrow Global at an exciting phase of the Group’s development and will sit on the…
Read moreFiat Chrysler Automobiles (FCA UK) UK & Ireland has appointed Arnaud Leclerc as Managing Director (MD), effective immediately. He has replaced Ashley Andrew, who left the company after a tenure of approximately a year and a half. Leclerc has previously held a number of senior management roles in Britain and across Europe, including in France,…
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Risk and data science specialist Jaywing, has launched Archetype, a new risk technology product that uses Artificial Intelligence (AI), machine learning and deep neural nets to help lenders generate transparent statistical models and predict almost any outcome on almost any data set. Archetype uses true AI to generate more powerful models, significantly reducing the time…
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Provident Financial is to report a pre-exceptional loss of around £120m in its consumer credit division. The lender has published a trading update for the year to 31st December 2017, ahead of its final results for the year which will be announced in late February. The report summary highlights: Vanquis Bank and Moneybarn have both traded…
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Consents Online has announced that it has received authorisation from the Financial Conduct Authority (FCA) as a Registered Account Information Service Provider (“AISP”). At the website consents.online, the company provides a single place where consumers can control the information they share with third parties with complete transparency. Initially managing the sharing of bank transaction data…
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The Irish Central Bank has announced three appointments at Director level in its Financial Conduct pillar. The Directors will report to Director General, Financial Conduct, Derville Rowland. The financial conduct pillar was established following a restructuring of financial regulation in 2017. Gráinne McEvoy has been appointed to the role of Director of Consumer Protection. Prior…
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The Consumer Finance Association (CFA), the principal trade association for short-term lenders, has appointed Lucy Donovan as their Head of Communications, a new role that will cover public relations, public affairs and member engagement. Lucy joins the CFA after six years with one of the UK’s largest short-term lenders, where she held various communications roles.…
Read moreFinancial services technology provider, Intelligent Environments has announced the appointment of Jeremy Young as Chief Executive Officer. Bringing more than 20 years’ experience in the Financial Services and Software sector, Young will join the company from Fiserv where he was responsible for all sales and marketing activities throughout EMEA. Prior to this, Young served as…
Read morePawnbroker, H&T has announced a strong quarter four performance for pawnbroking and retail, and expects the full year profit before tax to be above current market expectations. The Group has delivered another good performance in its lending operations. The pledge book increased 11.6% to £46.1m (31 December 2016: £41.3m) as a result of the higher gold…
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Vehicle leasing and fleet management company, Arval UK has announced a change to its executive management team in the UK. Benoit Dilly, who has been Managing Director of the UK business since 2013, has left Arval UK to take up a new position within the BNP Paribas Group, based in Paris. Having held the Managing…
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