Credit, Collections & Insolvency News
Danske Bank has revealed its Northern Ireland business saw new mortgage lending approvals grow 96% over the past year. The Northern Irish arm reported a profit before impairments of £91million for the 12 months to the end of December 2016, a 5% increase on 2015. Kevin Kingston, CEO of Danske Bank UK, said it had introduced…
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Steve Hughes has been named as the new Chief Executive Officer (CEO) of Principality Building Society. Hughes is currently the Finance and Transformation Director is set to move into the role in early March following Graeme Yorston’s decision to step down as CEO. Laurie Adams, chairman of Principality said “After a rigorous selection process, I am…
Read moreWonga will confirm that it has decided to offload BillPay, one of its most valuable units, to Klarna, a Swedish provider of e-commerce solutions according to Sky News. Klarna operates in Austria, Germany, the Netherlands and Switzerland. The deal will take place this week and will be worth about £60 million. Talks between Wonga and…
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High Court Enforcement Group will be sponsoring Sam Evans, a member of their Client Services team, as he prepares to run the London Marathon for Ronald McDonald House – Alder Hey. Ronald McDonald House provides free accommodation for parents/carers of critically ill children being treated at Alder Hey Hospital. In their 20 years they have…
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Callcredit Information Group has announced a partnership with a new to market fintech platform, Smartr365, to speed up mortgage applications and provide real-time affordability assessments. The partnership will include providing Smartr365 users with access to MOGObankconnect, an app that enables consumers to securely share online banking transaction data using their personal device, to confirm income…
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Andrew Bartle, co-founder of Lowell Group is to leave the company later this year to develop new ventures. Bartle has been a key figure in the industry for almost fifteen years, and a keen supporter of the Credit Services Association. James Cornell Chief Executive Officer said “Andrew and I have worked together for many, many years. As…
Read moreBrightstar Financial has announced that Bradley Moore will become its new managing director. Moore co-founded the specialist distributor with CEO Rob Jupp and director Kit Thompson in 2011 – will also continue in his current role of running Brightstar’s second charge mortgage division and Bright Mortgage Services. Rob Jupp said “Bradley has been with the…
Read moreChris Pond has been appointed the new Chair of the The Lending Standards Board (LSB). Pond will take over as Chair of the LSB at the end of March. He succeeds Lord Hunt of Wirral who has completed 6 years as LSB Chairman, recently overseeing the move from the Lending Code to the outcome-focused Standards…
Read moreNava Finance Limited today announced that the Financial Conduct Authority has confirmed that as of 27 January, 2017 Nava Finance Limited is authorised and regulated by the FCA, enabling Nava to begin offering personal loans to UK consumers. The company is now focused on working towards an initial launch date, which will be announced when…
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LCM Partners has appointed Greame Laing as it’s new Head of Asset Finance Origination. Laing brings a deep product understanding and an extensive asset finance network, having worked in the credit and banking sector for over 22 years for companies such as CSA Financial, Bank of London and The Middle East and CIT Group. Laing’s appointment…
Read morePeer-to-Peer lender Twino has announced that it has funded €100million of consumer loans across nine European markets. The platform has seen investment from more than 6,300 active investors from over 30 different countries, with 26% from Germany, 12% from the UK and 11% from the EE and Latvia. Twino has seen a significant uptick in UK investors…
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Masthaven has announced it has appointed two new underwriting managers to join its first and second charge mortgage teams Daniel Miller has been recruited as underwriting manager for the bank’s second charge mortgage team and arrives after holding a similar role within the market at Prestige Finance. Jason Finch has been appointed to Masthaven’s first…
Read moreAldermore has announced the appointment of Rebecca Bunyan as Chief Information Officer (CIO). In her new role as CIO, Bunyan is responsible for the Bank’s technical infrastructure, IT operational excellence and superior delivery capability. Prior to joining Aldermore, Bunyan held a Group Operating Officer role within the insurtech industry and was accountable for software development and…
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