Credit, Collections & Insolvency News
Benefit calculation specialist entitledto has announced that is piloting Experian’s Open Banking technology to help prospective social housing tenants to access financial support. Claimants often need to produce three months of paper statements to allow social landlords to assess their income and expenditure. It has been particularly challenging and time-consuming during the Covid-19 pandemic when…
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Sercle, the Credit Union arm of Omnio Group has announced its partnership with Nivo to integrate its services with Omnio’s platform. Through the partnership, every Sercle Credit Union can offer members a market-leading mobile experience with full access to Nivo’s secure messaging and onboarding technology. Nivo’s mobile messaging has already achieved dramatic results with existing…
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Technology firm, Exizent has announced a pilot project with Scottish Building Society to help families navigate legal and financial processes when an account holder passes away The new system aims to simplify the entire journey, from notice that a customer has died, to identifying their accounts, releasing any funds held, and closing the case. The…
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A new digital consumer lender, Fintern, has launched with aim to radically transform the financial well-being of people which the company says goes beyond traditional credit scoring and puts affordability first. Fintern is the first digital consumer lender to use proprietary Artifical Intelligence (AI), Open Banking and transparent affordability testing, replacing outdated credit scores, to…
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Specialist home credit provider, Morses Club has announced that it anticipates Group pre-tax profits will be ahead of current market expectations. In its latest trading update, the company says it was able to perform resiliently and profitably during a challenging year. The company says it moved to a remote Home Collect Credit (HCC) lending model,…
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LendingMetrics has announced that it has been appointed by the Home Collected Credit division of Morses Club to deliver its credit decisioning solution. Morses Club effected the switch to LendingMetrics’s ADP after a very thorough tendering process supported by a number of face-to-face product and requirements workshops. Even after choosing to work with LendingMetrics, Morses…
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Consumer credit technology and outsourced services provider EQ Credit Services (EQCS), has announced the ‘Go Live’ of its mortgage servicing for Hodge Bank. Hodge is the first client to use the innovative API-led EQ Borrowbox platform from EQCS, explicitly created for the mortgage market and launched to new Hodge customers in November 2020. Mark Evans,…
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Daniel Glenn has been appointed as the new VP of technical Operations at motor retail technology specialist iVendi. Glenn joins from MAG-O, the digital division of Manchester Airport Group, where he was head of technology. Other senior positions include architect roles at The Radical Company and American Management Systems, as well as being IT director…
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IE Hub has announced that Dylan Jones will be joining the business as its new Chief Executive Officer (CEO). Jones has previously worked in senior business development and leadership roles at TransUnion, FICO and Callcredit. At TransUnion he was responsible for software sales and was also leading sales to the strategic banking sector. While at…
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Scottish FinTech Exizent has announced three new client partnerships with Countrywide Tax and Trust Corporation, Thursfields Solicitors and Thorntons. All three companies have agreed to digitise their probate with Exizent’s new platform. In September, Exizent raised £3.6 million in funding to transform the way the legal and financial services industry deals with bereavement by bringing…
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Enforcement services specialist, Marston Holdings has donated £10,000 to Radical Recruit’s crowdfunding campaign. The donation will enable Radical Recruit, a not-for-profit organisation that bridges the gap between disadvantaged job seekers and the business world, to support even more homeless people back into the workplace by developing an online tool that will provide candidates with the…
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Enforcement services group, Marston Holdings has announced the appointment of Andrew Solomou as Business Development Director. Solomou has extensive business development experience and joins direct from The Sherriff’s Office, a provider of debt recovery and enforcement services. In his previous role, as Business Development Manager, he supported clients through the delivery of a range of…
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Nationwide Building Society has launched a new start-up challenge to help tackle the Poverty Premium. The company says that Covid-19 has had a detrimental impact on the finances of many households – a situation that will be exacerbated when the furlough scheme ends. Some estimates suggest that almost 700,000 additional people faced poverty during the…
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