Credit, Collections & Insolvency News
Aspect Software and Noble Systems have merged to create a new company identity. The merger will create a new company brand, Alvaria, that will aim to deliver optimised customer experience and workforce engagement software and cloud services technology solutions. The newly combined company will be led by Patrick Dennis, Aspect President and CEO. Dennis said…
Read moreThe Vulnerability Registration Service (VRS) and Aryza have agreed on a new vulnerable customer identification partnership. The agreement means that Aryza is now offering all lenders using the Aryza Sentinel Loan Management system access to the newest VRS product, VRS Aware. VRS Aware provides ongoing visibility of vulnerability, rather than a perspective at one point…
Read more
Conversational AI collections specialist, Webio has announced that it has closed a Pre-Series A funding round led by Finch Capital. The company, which includes Enterprise Ireland and EIT Digital amongst its backers, says the funding will go straight into deepening Webio’s capabilities in conversational AI, doubling the company’s R&D team, and expanding the sales and…
Read more
Experian and Codeweavers have agreed on a new partnership which it says will enable car buyers to get a clearer view of their financing options without affecting their credit score. Dealers and lenders using the Codeweavers platform will now see what lending the customer would be preapproved for – or a percentage likelihood of them…
Read more
Consumer credit technology and outsourced services provider, EQ Credit Services (EQCS) is announcing a new seven-year contract to provide a digital loan platform and collections services to 247 Money. The deal follows a successful three-year partnership where EQCS provided its API-led credit servicing platform and collections services to 247 Money. EQCS’s technology means 247 Money…
Read more
End-of-life admin service Settld has closed its initial seed funding round with £500,000 of new investment. The investment comes as the death-sector disrupter aims to create waves in the bereavement and death-tech space – automating bereavement notifications and reducing end of life admin stress for grieving families and professionals who support them. Online startup Settld says that it removes…
Read more
Together Financial Services has announced that it has appointed data-led integrated agency, Jaywing, to transform its onboarding processes and review all aspects of its acquisition journey following a competitive tender process. Together offers a portfolio of secured lending products, often working with ‘hard to mortgage’ properties or with individuals and companies who might struggle with…
Read more
Law firm Shoosmiths and national collections, recoveries and enforcement business, Chartsbridge, have launched ‘Equivo’, a new dedicated recoveries business providing end-to-end collections, legal and enforcement services. The new company is a dedicated recoveries business majority owned by Shoosmiths and born out of the former Chartsbridge business. Equivo will provide clients with a complete ‘one stop…
Read moreLendingMetrics has announced that it is partnering with Experian to help facilitate the growth of its LMX data platform. LendingMetrics says that the partnership means that lenders can now access multi-bureau credit reference data, affordability, AML and bank account verification services via the company’s ‘white glove’ service. Additionally, by aggregating transaction volume across its broad…
Read more
Data-driven technology company Connected Data has announced that it has partnered with global fraud fighter, SEON, to introduce data and techniques successfully used in fraud detection and prevention, to the debt management process. SEON’s approach to fraud prevention involves the aggregation of information in near real-time from over 20 social media platforms – the widest range…
Read more
The Credit Services Association (CSA), the trade association for the debt collection & purchase sector, has announced that it is launching a new Award scheme. The inaugural CSA Awards ceremony will be held at the CSA’s UK Credit & Collections Conference (UKCCC) on 9th September 2021. There will be three award categories to recognise exceptional…
Read more
European credit management services specialist Lowell has announced strong collection performance and improving margins in its latest company results for the 3 months ending 31st March 2021. The company said collection performance has been very strong in the first quarter, performing at 112%. Cash flow continued to strengthen in the quarter with £121 million generated…
Read more
Latest company results from home credit provider Morsese Club have shown that revenue has fallen by 25.1% to £100.2 million due to the impact of pandemic and the firm’s inability to lend to new Home Collect Credit (HCC) customers during the lockdown. Total group customer numbers declined to 180,000 and total credit issued to all…
Read more