Credit, Collections & Insolvency News
Software specialist, Equiniti Data and Equiniti Cyber Security have announced the opening of a new software development centre in Exeter. The centre works across both areas of the business and allows Equiniti to accelerate the development of innovative data platforms and cyber security solutions aimed at large enterprises across the UK and beyond. Equinitech will be home…
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Peer-to-peer lending platform RateSetter has been granted full regulatory authorisation by the Financial Conduct Authority (FCA). Launched in 2010, RateSetter is opening access for everyday investors to the asset class of loans by matching lenders directly to creditworthy consumer and commercial borrowers. In July, RateSetter passed the milestone of £2bn in total lending and has…
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Arrow Global has announced that Rob Memmott, who has been in the business for six years, has decided to step down as Group Chief Financial Officer (CFO). Paul Cooper, currently CFO of the international insurance business Sompo Canopius, will replace Rob as Group CFO and will join the Board when he starts on in January…
Read moreWelcom and guarantor loans provider Buddy Loans has announced a partnership with Buddy to use Welcom’s Financier platform. Buddy Loans has recently secured institutional investment to allow it to increase its lending and has also received full FCA authorisation. Launched in 2013, Buddy Loans specialises in loans which give credit to consumers who have been refused loans…
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Stafford Railway Building Society has announced the appointment of Michael Smith as its new Chief Executive. Smith is a highly-experienced professional from the banking sector. For the last 13 years, he has worked for the highly successful Swedish Bank Handelsbanken, contributing to the growth of their branch network in the local area. This built on…
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KPMG has announced that Justin Benson has been appointed as the firm’s UK Head of Automotive. Benson joined KPMG in 2000 and he is a Director within the firm. He has worked in the automotive sector for over a decade. Having led and worked on a wide range of projects, Justin has a wealth of experience…
Read moreAutomotive technology specialist, Ivendi has appointed Brett Ward to the newly-created position of Head of Online Retailing at iVendi. Ward joins Harwoods Group, where he was Group Marketing Manager. Before this, his roles included regional digital Account Manager at Manheim, and has held positions with several other motor retailers.
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MMF has announced the acquisition of a majority interest in Motormile Finance (MMF) by Copper Street One (an entity of Copper Street Capital LLP, a UK based specialist financial services investment firm). In a statement, MMF said that the acquisition marks a significant moment in the company’s history and validates the success it has…
Read moreMortgage specialist John Charcol has appointed Mark Fleet as its new Chief Executive. Fleet, was formerly James Hay Partnership Chief Commercial Officerand hass also worked at Skipton Building Society in roles including Distribution Director. John Charcol Executive Chairman Ian Darby says: “Mark brings a wealth of experience and a strong understanding of the mortgage market and…
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Ascent Performance has announced their success in winning Compliance and Best Customer Outcomes Awards at a Credit industry Awards. Mark Higgins, Chairman of Ascent, collected the award and said “This award recognises the hard work that all our colleagues in Ascent have put into ensuring we offer the best customer experience – and deliver the…
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Home collected credit specialist, Morses Club has announced its interim results for the twenty-six-week period ended 26 August 2017. Highlights from the results include: · Strong first half performance with revenue up 14.8% to £54.2m (H1 FY17: £47.2m) · Net loan book growth of 16.0% to £65.2m (H1 FY17: £56.2m) · Impairment as a percentage of revenue for the period was 26.6% (H1 FY17:…
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The UK’s new payment system operator has announced the appointment of its first five Board members: Anna Bradley – Chair, Rail Safety and Standards Board Becky Clements – Head of Industry Engagement and Payment Change at Metro Bank Russell Saunders – Managing Director Global Payments at Lloyds Banking Group Peter Wyman – Chairman, Care Quality Commission…
Read moreThe Consumer Finance Association (CFA) and the BCCA have announced the completion of their merger. This brings to a close the process that was first announced in late July. Jason Wassell, formerly Chief Executive of the BCCA has been appointed to run the new organisation said “Through this merger, we believe that we can better represent the…
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