Credit, Collections & Insolvency News
The Zinc Group has announced that it has appointed Kjartan Hearn to lead the creation of a new ‘Decision Science’ team. Hearn has joined the business from Revolut and will lead the development and growth of the new team to match the company’s aim to lead the way in portfolio and operational analysis and modelling.…
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Digital consumer lender Fintern has appointed Dr. Mark London as Chief Risk Officer. Prior to joining Fintern, London was a Partner at EY, where he specialised in Credit Analytics and led EY’s Quantitative Advisory Services team of 200 quantitative analysts. Since joining EY in 2005, London has served virtually every major UK bank on the…
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Risk analytics consultancy, 4most, has announced its investment and partnership with innovative fintech, IE Hub, as part of a strategic drive to better serve the millions of people across the country who are currently facing financial difficulty. The collaboration brings together 4most’s extensive risk and analytical expertise and IE Hub’s intelligent platform capabilities, to deliver…
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Flexible financial software specialist Aryza has announced the launch of the Aryza Lending Division. The new division will comprise of Aryza Sentinel, Aryza Journeyman and Aryza Loan Origination. The company says that the new division has been developed to meet the varied needs of the instalment credit industry. Aryza Sentinel platform boasts a modular design…
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Equifax has announced that it has signed an exclusive agreement with consumer fintech and payment card app Curve to deliver comprehensive verification and ID solutions to its new personal finance product, Curve Credit. Powered by Open Banking, Curve Credit allows consumers to ‘Go Back in Time’ and pay later via instalments on transactions made with…
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Debt purchaser Arrow Global has announced pre-tax losses of £114.8 million for 2020 loss as lockdown restrictions across the UK and Europe affected cash collections and portfolio acquisitions. The pre-tax loss for the year to 31 December 2020, is down from a £51.3 million profit in 2019. The group said the loss was driven by…
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Deceased account management specialist Phillips & Cohen Associates has announced that Amy Perkins has joined its senior executive leadership team in the newly created role of Global Chief of Staff. Perkins is a proven leader, with several years of collections strategy and operational experience at the highest levels at NCO Group, Bank of America, and…
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KM2 Ethical Finance has announced that it has appointed two highly experienced Non-Executive Directors to assist its executives in the company growth. The company says it has already experienced significant growth in 2021 and is assembling a board of experienced and highly respected professionals from the world of fraud analytics, debt recovery, start-up expansion and…
Read moreVulnerability Registration Service (VRS) and newly launched end-of-life account closure service Settld have announced a ‘one-stop’ vulnerability and bereavement facility partnership which they say will help banks, utilities, insurers and other service providers to better identify those in difficulty. Online startup Settld, removes much of the hassle associated with having to individually contact banks, insurers, mobile…
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Debt purchaser Lowell has announced its full-year results for 2020 results which indicate that collections have continued to demonstrate resilience with cumulative performance against its December 19 static pool forecast improving to 94% in December 2020, up from 93% in September 2020. The results demonstrated that its cash EBITDA stayed at just under £500 million,…
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The Money and Pensions Service (MaPs) has revealed plans to launch a single offering for consumers. The Service says people across the UK will be empowered to manage their financial wellbeing with greater confidence and clarity throughout their lifetimes, when a holistic new consumer brand launches this summer. The new service called MoneyHelper was developed…
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Provident Financial Group (PFG) has revealed that it is being investigated by the Financial Conduct Authority (FCA), with the regulator looking into issues including whether the firm carried out proper affordability checks before lending to borrowers. The FCA says that it will look at the ‘affordability and sustainability’ of loans made in the year to…
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Credit reference agency TransUnion has donated laptops to a number of schools local to its UK headquarters in Leeds, to aid families with remote learning. Manor Wood Primary, Primley Wood Primary, Harehill Primary, Guiseley Primary, Broadgate Primary and Beckfoot Upper Heaton were the six schools in the Leeds and Bradford area to receive a combined…
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