Credit, Collections & Insolvency News
Irish start-up Webio, a specialist in conversational AI in the credit, collections and payments industry, has announced a series A funding round led by Finch Capital. The investment will mean that Webio is primed to scale-up following the digital shift during the pandemic and the uncertain economic climate to make difficult conversations about payments easy through…
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Equifax has announced a new partnership with fintech Paylink Solutions to automate its digital affordability solution using Open Banking data and APIs. Paylink Solutions delivers technology across the financial services and utilities sectors using its digital affordability application. Equifax’s Open Banking service will enhance Paylink Solutions’ existing affordability solution. It will allow businesses to understand…
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Support services provider MorganAsh has announced that it has integrated the Vulnerability Registration Service (VRS) with its own innovative MARS resilience tool. The MorganAsh Resilience System (MARS) provides staff working in financial services with a simple way to assess, understand, rate and track characteristics that contribute to the vulnerability of individual customers. The MARS tool…
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IE Hub has announced that Mark Thundercliffe will be joining the business as Chairman of the Board. Thundercliffe joins the team with over 34 years of experience in corporate, retail, and business banking. He has built and developed dynamic financial services companies, products, customer propositions, and distribution capabilities in both developed & emerging markets. IE…
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European credit management services, Lowell has announced continued growth in its latest results for the 3 months ended 31st March 2022. The results showed that collection performance was in line with forecasts at 98% whilst underlying collection performance remains strong, with the paying base performing at 99% of expected collections and default rate remaining low…
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The Credit Services Association (CSA) has been recognised at the Lincolnshire Apprenticeship Champion Awards 2022. CSA were winners of the Training Provider award, having been nominated by Lincolnshire Trading Standards for its compliance and risk training. Feedback from the judges praised the work of the CSA stating: “Credit Services Association designed a programme that supports…
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Connected Data has announced that has appointed Emma Peach as General Counsel and Data Protection Officer. Peach brings with her over 30 years of experience in commercial and privacy law, having held senior leadership roles across some of the world’s largest organisations in the data and financial services space, including Experian and TransUnion. She has…
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Perch Group has announced it has completed of a management buy-out (MBO) and the creation of a significant new committed facility provided by Quilam Capital. The MBO will see the incumbent management team comprising Craig Hinchliffe, Andrew Bartle, Gary Edwards, Max Houghton, Simon Unsworth, and Quilam Capital, take control of the fast growing digital led…
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Aberdein Considine has announced that it is to merge with Edinburgh law firm and solicitor estate agent Russel+Aitken Edinburgh LLP. The combined businesses which will trade under the Aberdein Considine brand, will together employ over 480 staff and have a turnover of more than £32 million. Russel+Aitken Edinburgh LLP, which is based in the West…
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Nationwide has become the first bank or building society to offer ReachOut – a free service for the Society’s members to provide support, reassurance and confidence to those impacted by financial hardship. Britain’s biggest building society is building on the ways it can help its members who are struggling financially to get back on track.…
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The Money Advice Trust has announced that a number of its training programmes across both its vulnerability training and consultancy and Wiseradviser services, have achieved the City & Guilds Assured Quality Mark. On the charity’s vulnerability training and consultancy side, the courses that have achieved the Quality Assured Mark are, its ‘Supporting customers in vulnerable…
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TransUnion has strengthened its partnership with credit management company, Lowell which will provide a personalised toolset for monitoring and improving their financial standing via the Lowell app for free. Powered by TransUnion’s CreditView platform, Lowell’s Credit Information Services are available via the new Lowell app on mobile and tablet devices for free, giving customers a clear understanding of what…
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Ophelos has announced it has partnered with Plend, an ethical consumer lender using Open Banking to provide affordable loans to those struggling with access to credit. The partnership will see Ophelos help Plend manage the support of customers who may find themselves in arrears. Launching in 2022 with registrations for Early Access now open, Plend…
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