Credit, Collections & Insolvency News
European credit management, Lowell has completed a 24-hour relay to raise money for their charity partners, Turning Lives Around and MyBnk. The relay started at Lowell’s Leeds based office, with over 90 colleagues from across the business completing 30-minute slots to raise money for charity. Colleagues took to a variety of different challenges to complete…
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Financial software solutions provider, Aryza Group has announced a partnership with payments specialists Acquired.com to deliver a sophisticated range of data driven collection and disbursement options for their lending division with plans to extend this into other parts of the group including debt recovery and insolvency. Aryza says the partnership will also strengthen its consumer protection offering…
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Joanna Elson CBE has announced that she will be stepping down as chief executive of the Money Advice Trust in early September, after 17 years leading the debt advice charity. Elson will take up a new role as chief executive of Independent Age, the charity focused on financial hardship in later life. Since her appointment…
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Debt technolgy firm, Trustfolio, has announced that it has achieved certification to ISO 27001, the international Standard for Information Security Management Systems (ISMS). In order to achieve ISO 27001 certification, organisations are required to develop and implement a comprehensive set of policies, procedures, and controls to manage their information security risks. A key aspect of…
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The Credit Services Association (CSA), the trade association for the debt collection & purchase sector, has announced that date for it’s Membership Awards which is part of the Association’s annual conference – the UK Credit and Collections Conference (UKCCC). The awards are being held on Thursday 14th September at Radisson Blu, Manchester Airport, and will celebrate the outstanding…
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Silicon Credit Management, a provider of credit management solutions, has announced that its has appointed Rob Sands as its new Chief Operating Officer. Sands brings almost 20 years of operational leadership and financial services experience, making him a valuable addition to the team. he has a proven track record in the financial industry, having served…
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The Enforcement Conduct Board (ECB) Chief Executive Officer Chris Nichols has welcomed David Parkin on a full time secondment for up to 12 months. Until recently, Parkin was the Deputy Director for Civil Justice and Law Policy at the Ministry of Justice. Chris Nichols said “David brings a wealth of experience to the ECB –…
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Specialist debt purchasing and customer management services provider, Lantern has announced that it has raised a syndicate financing facility with specialist banks Hampshire Trust Bank, Paragon and Shawbrook and alternative investment firm, BCI Capital The EY FS Corporate Finance team has recently advised Lantern on the completion of a £97.5 million amendment, refinance and extension…
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The Money and Pensions Service (MaPS) has announced that its Chief Executive Officer (CEO), Caroline Siarkiewicz, has confirmed to the board that she will not be taking up a second term. Siarkiewicz was appointed as CEO in January 2020 having been acting CEO since June 2019. She will step down at the end of January…
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Barratt Smith and Brown have announced they have been appointed by the FRP Advisory as the debt recovery partner for Together Energy’s administration. Together Energy will be the 22 energy administrations for which Barratt Smith and Brown have been appointed to manage the recoveries. Barratt Smith and Brown says its extensive experience in the energy…
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Webio has announced the launch of DebtChat, a webchat solution that has the power to automate, understand and respond to all types of debt related conversations, The new launch blends automation with agents when needed and identifies the conversation outcomes one example of this highlighting possible vulnerable customers from their message interactions. Cormac O’Neill, CEO of…
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European credit management services specialist, Lowell has announced its quarterly results for the 3 months ended 31st March 2023. Collection performance in line with forecast at 100% of Dec-22 static pool. Record £661m LTM Cash EBTIDA delivering 24% LTM growth. Cash EBTIDA growth of £128m YoY with collections in the quarter delivered in line with our…
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Credit management services company Intrum has completed the acquisition of the Capquest and Mars UK servicing platforms from European fund manager Arrow Global. The deal also includes a portfolio investment of 50 per cent of Arrow’s UK unsecured consumer back book portfolio, for a cash consideration of £92 million. The purchase means Intrum has taken…
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