Credit, Collections & Insolvency News
Monese, a London, UK-based mobile banking service, has raised $10 million in funding. Backers included Anthemis Exponential Ventures, Korea Investment Partners and STE Capital. The company intends to use the funds to expand into mainland Europe as well as to launch new features like direct debit and credit services. Led by Norris Koppel, Chief Executive…
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The Competition and Markets Authority (CMA) has found that Mastercard’s acquisition of VocaLink gives rise to competition concerns. Mastercard UK Holdco Ltd, a subsidiary of Mastercard International is buying VocaLink Holdings Ltd (VocaLink). It already owns and operates credit and debit card schemes Mastercard, Maestro and Cirrus, and has also bid to supply infrastructure services…
Read moreDebt buyer Experto Credite has entered into liquidation, The company entered voluntary liquidation on November 24. Smith & Williamson, were appointed as jlquidators for the winding up process. Debts are believed to be owed to HSBC, Natwest, Virgin Media, Vodafone and Intrum Justitia. No further details are available at this stage.
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Target Group has announced the signing of a new two year contract with the DVLA using their payments collection system. In 2014, Target and the DVLA introduced a newly automated system, which provided consumers with an alternative method of paying their vehicle tax. The payments solution was delivered in 18 weeks and supported the DVLA…
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Peer-to-peer lending platform RateSetter has completed a sale of £2.1million worth of non-performing debt to 1st Credit. The sale is believed to be the first of its kind for a UK peer-to-peer lender. The debt sold comprises non-performing loans worth £2.1million written between 2010 and 2015, where RateSetter believes that it stands a low chance…
Read moreTDX Group has announce a successful year of fundraising in 2016. The company’s 360 employees helped raise £95,000 for charities in and around the East Midlands. £86,600 of the total amount raised will go to its charity of the year, the Children’s Bereavement Centre, enabling it to offer even more support to local children who are…
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Shoosmiths has appointed David Pacey as a finance litigation partner into the London office. Pacey will lead the firm’s financial services litigation strategy nationally. Pacey joins Shoosmiths’ London office from the Financial Conduct Authority (FCA). Having trained and qualified at CMS Cameron McKenna he went onto a senior in house role at a major clearing…
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Skipton Building Society has announced the appointment of Jonathan Dunn to the team of Intermediary Regional Managers. Dunn joined the Society in 2014 after leaving the building trade. He joined Skipton Direct as a Level 1 call taker, with no previous experience in the financial sector. Dunn has worked his way through Skipton Direct up to…
Read morehttp://www.cityam.com/255938/lloyds-banking-group-snaps-up-bank-americas-mbna-credit
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Anglia UK has achieved a industry-leading accreditation for the safety and security of its data handling. The Spalding-based vehicle credit management specialist has become the first in its industry to achieve ISO 27001 in recognition of its stringent approach to confidential data handling and IT management. ISO is an independent benchmarking company that gives world-class specifications…
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Phillips & Cohen Associates (UK), has announced its intention to start providing Mortgage Administration Services with immediate effect. Commenting on the decision to expand its existing service provision into the Mortgage Administration market, Managing Director International, Nick Cherry commented, “Phillips & Cohen has an impeccable record across the globe in providing highly specialised deceased account…
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Irish bank Permanent tsb has announced their intentions to focus on new controls within their contact centre and provide enhanced customer service with Noble System’s Composer Real-Time Speech Analytics. Alan Murphy, Head of Collections at permanent tsb, said “At permanent tsb, we take customer service very seriously and we have invested heavily in technology that will support…
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Arrow Global Group (Arrow) has announced that Tom Drury has decided to step down as Group CEO. Lee Rochford, formerly CFO of Virgin Money will replace Tom as Group CEO and Board Director from 3 January 2017. Drury will remain with the business until the end of February to provide an orderly handover period. Rochford…
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