Credit, Collections & Insolvency News
Financial Wellness Group has announced that it has created the Financial Wellness Group Foundation. The Foundation has the mission of improving financial wellbeing in the UK through donations, advocacy, research and campaigning. In particular the Foundation will support the financial education of young people and adults to help equip them with the skills they need…
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Debt charity StepChange has announced that it will need to reduce its staff by 10% as part of company cutbacks. Phil Andrew, Chief Executive of StepChange announced the measures in a blog post on the company website. The charity’s funding structure is dependant upon advice volume and its income varying based upon market conditions. The…
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Non-standard financial services provider, Morses Club has announced the appointment of Sheryl Lawrence and Michael Yeates as Independent Non-Executive Directors and the appointment of Gary Marshall, Chief Operating Officer, as Executive Director, effective 1st May 2021. Upon appointment, Sheryl Lawrence will become Chair of the Audit Committee and Michael Yeates will take up the position…
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Intrum has announced that Alberto Marone has been appointed Managing Director for Intrum’s operations in Italy. Marone has been promoted from the position of Group Investment Director at Intrum. Marone has also been part of Intrum Italy’s senior management team, where he has covered the role of Head of M&A and Strategy for the joint…
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The Credit Services Association (CSA), the UK trade body for the collections and debt purchase sector, is set to launch a significantly revised and updated version of its ‘Collector Accreditation Initiative’ (CAI) online test to further improve professionalism and compliance in an increasingly demanding regulatory environment. CAI was designed by CSA as an affordable way…
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Business and consumer insights specialist, Equifax had announced a partnership with Canopy, a fintech platform focused on the financial wellbeing of tenants, to include rental payment data in its credit assessments. The collaboration is positive news for millions of tenants in the UK market who can now boost their credit score by reporting their rental…
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AutoProtect Group has appointed Tim Hudson to the newly created role of Chief Sales and Marketing Officer. Hudson has extensive experience in the automotive industry in the UK and overseas, including senior Board and C-level roles in the leasing, manufacturer, auction and most recently automotive data and software sectors. AutoProtect Group CEO Matthew Briggs said…
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V12 Vehicle Finance has announced that it has appointed David Nield as its Managing Director. Nield will succeed David Mercer who held the role for three years. Nield brings more than 25 years of experience in the finance industry to his new role, including senior positions at Barclays, Iveco Capital Europe and GE Capital Motor…
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Arum has announced the appointment of Carlos Osorio as its new Managing Director. Osorio has spent over 30 years working in financial services and is a specialist within collections and recoveries, most recently as Director of Debt Recovery at TDX Group where he expanded and led its managed collections service for creditor clients and the…
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UK fintech start-up PrinSIX Technologies has announced a digital onboarding platform partnership with Welcom Digital. Welcom Digital, the developer of lending technology platform Financier, has selected the PrinSIX digital onboarding platform to extend its deployment possibilities in its end-to-end digital lending journey solution. PrinSIX offers a fully flexible platform solution to orchestrate UX, communications, internal…
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Ten UK fintechs have been brought together in a new initiative by PwC which the company says will aim to showcase and shape the future of banking with collaboration, innovation, and personalisation at its heart. Three years in the making, the ten businesses have contributed to the firm’s ‘Tysl’ ecosystem which incorporates a number of…
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Debt collections specialist, Lantern has announced that it has achieved Double Gold ratings from Investor in Customers (IIC) and Investors in People (IIP) – independent assessments. Commenting on the achievement Tony Barritt, Managing Director of Investor in Customers said “The team at Lantern have worked incredibly hard to ensure that customers are at the heart…
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Secured finance technology specialists IDS, has announced that it will acquire automotive and equipment finance specialist White Clarke Group. The merger of the two companies will combine to create a multi-asset class secured finance technology powerhouse supporting banks, independents, OEM captives and specialty finance firms globally. Together, the combined company will serve more than 300…
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