Credit, Collections & Insolvency News
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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Subprime lender Morses Club has doubled customer numbers and trebled the loan book in its digital lending division since February according to its latest business results. The company says that it has performed strongly during the period and has traded in line with market expectations. The Group’s offering has continued to evolve over the first…
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Customer-centric debt management platform Ophelos,, has chosen Open Banking credit reference agency, Credit Kudos, as its Open Banking partner. Ophelos will use Credit Kudos’ Open Banking insights to better understand the current financial position of individuals who have been referred for debt collection by lenders. This will enable the FCA-authorised company to identify repayment solutions…
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Phoebus Software (PSL) has announced that it has selected Webio as its partner to supply multi-channel customer social media communication for PSL’s clients. This partnership is the latest addition to the Phoebus Ecosystem Programme that pulls together best of breed suppliers across a range of non-core Phoebus services. Webio is an award-winning provider of customer…
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Oodle Car Finance has announced a ‘green’ launch sale event to commence a new long-term remarketing contract with G3 Vehicle Auctions for the disposal of vehicles through their new £12m auction centre. Oodle have significantly increased their foothold in the motor finance industry in recent months has now funded £1.4 billion to over 147,000 customers…
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