Credit, Collections & Insolvency News
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…
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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…
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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…
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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…
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Investors in People has again awarded credit management group Intrum gold accreditation, demonstrating the firm’s commitment to high performance through good people management. In a year of change driven by the Covid-19 Pandemic, Intrum has responded successfully to changing ways of working, operating remotely while undergoing significant growth in the credit management and business process…
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PrinSIX has announced that it has entered into a partnership with AccountScore. The partnership will allow lenders and other Financial Services businesses to deploy Open Banking within intelligent, personalised onboarding journeys AccountScore’s Open Banking solution offers insights into customers’ circumstances. PrinSIX creates smart Open Banking journeys, optimising conversational outcomes while delivering the customer experience. Julian…
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Target Group, the FCA-regulated business processing and software provider, has announced that the fintech mortgage lender, Perenna, has become the first client of its Mortgage Hub. The partnership, which is set to launch later this year, will see the Mortgage Hub powering Perenna’s mortgage offering; allowing it to provide decisions-in-principle within 20 seconds. Perenna will…
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Paylink Solutions has announced it is one of four companies, alongside PayPlan, OpenWrks and Tully, that intend to merge the debt advice and finTech sector specialists. The company says that the merger will deliver tech-enabled debt advice, financial wellbeing and credit solutions group that can deliver transformative support to customers and clients across the UK.…
Read moreOutsourcing collections specialist Sigma Financial Group has announced the appointment of Louise Morgan as Head of Bid Management & Solutions, who will support the firm’s growth plans both in the UK and abroad. The Sigma Financial Group, which offers ‘white label’ customer contact centre services across the energy, water, retail, financial services and telecommunications sectors.…
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Specialist lender Together has announced the appointment of Darren Clarke as the group’s Commercial Finance Chief Operating Officer. Clarke will have responsibility for the lender’s Commercial Finance operational processes and infrastructure to support its ambitious growth strategy. He joins Together from Redwood Bank, where he worked as Director of Operations for the challenger from its…
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Quint Group has announced the appointment of Sheraz Afzal as Legal, Risk and Compliance Director. Afzal will be responsible for overseeing the Legal, Risk and Compliance team, ensuring that Quint Group can efficiently monitor and identify risks to the business. Consistently reviewing regulatory and statutory compliance is an essential part of Quint Group’s activities and…
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OneBanks, the shared branch banking venture, has appointed Andy Willmot, Chief Digital Architect at Lloyds Banking Group, as its first Chief Technology Officer (CTO). Willmot will be responsible for developing and implementing technology strategy for OneBanks as it grows, rolling out more kiosks in high street locations which can be used to access accounts from…
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New technology company Connected Data and Data On Demand have announced a partnership that aims to help organisations reduce and prevent debt, and treat customers fairly. The partnership will enable Data On Demand’s consumer data sources to be combined with the latest business intelligence, analytics and artificial intelligence capability from Connected Data. Simon Gregory, Sales…
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