Credit, Collections & Insolvency News
Debt Purchaser, Lantern has agreed terms to acquire Sonex Financial. Based in Llanelli, West Wales, debt collection agency, Sonex is a longstanding operator with a particular specialism working with vulnerable customers. Its clients include several of the Big Six energy companies in the UK, to which Sonex provides vulnerable customer-focused engagement and management services. Following…
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Risk analytics consultancy, 4most, has announced that it has partnered with financial services provider, Fair Finance, to deliver a more automated approach to decisioning and improve decision quality by expanding its lending activity. 4most has been working closely with the risk team at Fair Finance to create a series of initiatives designed to improve the…
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Arrow Global has announced that, following the completion of the takeover by TDR Capital, Lee Rochford has decided to step down as Group Chief Executive Officer (CEO). Rochford will be succeeded by Zach Lewy, Founder, Group Chief Investment Officer and CEO of Arrow’s Fund Management and Investment (FIM) business. The change takes effect immediately, Rochford…
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Deceased account care servicing and technology solutions specialise, Phillips & Cohen Associates (PCA) has announced that Shawn Farris has joined its senior leadership team in the newly created role of Senior Vice President (SVP), Digital Operations. Farris is a proven leader and seasoned executive within the Accounts Receivable Management industry with an extensive background in…
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Consumer lender, Oplo, has announced the completion of its first securitisation as the business targets continued growth supporting the UK’s ‘new mainstream’ lending market. The £225 million securitisation follows a series of investor roadshows in September. Over the past decade, Oplo has built a strong and growing consumer lending business, offering personal, home and car…
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Flexys Solutions has to announce First Response Finance as its fourth motor finance client. First Response, part of the Itochu group, will be migrating from their existing Tallyman platform to the Flexys Control+ debt management system as part of an ambitious digital transformation programme. Control+ will provide First Response with end-to-end collections functionality. The platform…
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Software solution specialist company, Aryza has announced that it is to open offices in Australia. The announcement comes off the back of the acquisition of Australian-based Insol 6, with teams now working in Perth and Sydney. Following a number of significant acquisitions in the first half of 2021, the Aryza suite of products incorporates technology…
Read moreBanking and specialised financing software specialist company, Sopra Banking Software has announced that it has acquired Dublin-based Luminosity. Sopra Banking Software has acquired 100% of the share capital of Luminosity’s digital inventory auditing and ‘self-audit’ solution SOAR supports a broad range of lender and leasing organisations in the risk management of assets subject to finance. …
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The Money and Mental Health Policy Institute have awarded Halifax and Bank of Scotland it’s Mental Health Accessible’ accreditation for businesses. They are two of the first three organisations to receive this accolade, following the accreditation of Lloyds Bank in 2020. This follows a comprehensive assessment by Money and Mental Health of how accessible Halifax…
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European banking provider Yolt Technology Services (YTS) has been chosen by new credit card provider, Keebo to deploy Open Banking data through the application of Account Information Services (AIS), The rapid integration of robust open banking via API from YTS into Keebo’s underwriting process aggregates normalised and categorised transaction and balance data from customers’ bank…
Read moreCredit management group Intrum has announced that it will return to the contingency collections market in the UK. The company now offers a full UK debt collection service, allowing clients to benefit from its continuous investment in technology and analytics as well as customer care support. The move complements Intrum’s established early arrears, white-label and…
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The Consumer Credit Awards, run by Smart Money People, has revealed its 2021 winners. After 13 weeks of voting and 34 finalists were revealed in a digital announcement on the Consumer Credit Awards Twitter and LinkedIn accounts. The 2021 awards were concluded after a record year for voting, with over 31,000 votes received across 15…
Read moreEQ Credit Services (EQCS), the consumer credit technology and outsourced services provider, has announced it has appointed Sarah Jackson as its new Managing Director. Jackson takes the reins from departing Managing Director Richard Carter, who steps down having grown EQCS to be the UK’s leading provider of loan management systems and one of the country’s largest standby…
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