Credit, Collections & Insolvency News
European credit management specialist, Intrum has announced the appointment of Anders Engdahl as its new President and Chief Executive Officer. Current CEO Mikael Ericson who will leave the company after four years as President and CEO. At the same time, the Board has appointed Intrum’s current Chief Financial Officer Anders Engdahl as new President and…
Read moreEuropean leader credit management specialist Lowell has provided a preliminary trading update for the quarter ending 30th September 2020 which indicates resilient collections figures. The results indicate that collections activity and performance has improved after a pause during the initial stage of the pandemic. The business saw a cash EBITDA increase of 9%, compared to…
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Buy Now Pay Later (BNPL) provider Zilch has partnered with challenger credit reference agency and Open Banking provider Credit Kudos to better assess the affordability of its customers. Zilch says that the COVID-19 outbreak has brought affordability into sharp focus and BNPL providers are under increased pressure to protect potential borrowers – in particular young…
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Tandem Bank has announced that Paul Noble has been appointed as the group’s Chief Commercial Officer. Noble has over 20 years’ experience in banking incumbents such as Barclays, venture capital and was a founding member of 118 118 Money. He will work with the Tandem team to develop new products and services, including an initial…
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Money Advice Trust Chief Executive Joanna Elson has been awarded a CBE in the Queen’s Birthday Honours List for services to people in financial difficulty. Elson has served as Chief Executive of the Money Advice Trust, the charity that runs National Debtline and Business Debtline, since 2008. In addition to her role at the Trust,…
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International technology-led services and payments specialist EQ (Equiniti Group), has announced that seven of its services have been approved as suppliers for the Government’s G-Cloud 12 framework. EQ’s digital capabilities, which are provided by its specialist division EQ Digital, have been a permanent fixture on the G-Cloud framework since its inception in 2012. The G-Cloud…
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Global information and insights provider TransUnion has extended its fraud and identification offering with a new Document Verification and Facial Recognition solution, to help combat the increasing rise of identity fraud. Shail Deep, Chief Product Officer at TransUnion said: “Over the past five years, identity fraud cases have risen by 32% according to Cifas and…
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Specialist short term lender Hope Capital has announced the implementation of a new ID verification and messaging technology by partnering with Nivo. Nivo’s app-based messaging allows a borrower to securely verify their identity with Onfido’s biometric identity verification AI. Additionally, it provides Hope Capital with necessary documentation pertinent to the loan by sharing photos from…
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Specialist mortgage lender United Trust Bank has selected LendingMetrics’ ADP for their automated mortgage decisioning. United Trust Bank is a specialist mortgage lender providing a range of first and second charge products through its panel of approved introducers. The new platform, currently undergoing the bank’s UAT process, augments the expertise of the bank’s underwriters, by…
Read moreLending software solutions specialist Aryza has announced that its partnership with Freedom Finance, to develop customer engagement solution ‘myfreedom’ has already helped hundreds of UK consumers secure access to credit and gain a clearer understanding of their finances, with over £1 million being lent in the first few weeks. Aryza’s solution allows users of the…
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Digital bank Zopa has appointed Andrew Hawkins, startup entrepreneur and mobile technology expert as its Chief Technology Officer (CTO). The appointment comes after Zopa was awarded its full bank licence in June and as it embarks on the launch of new products. Hawkins joins Zopa with over 20 years’ experience across technology and product leadership…
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Non-standard financial services company, Morses Club has announced the appointment of Graeme Campbell as Chief Financial Officer (CFO). He will also be appointed as an Executive Director to the Morses Club Board. Andy Thomson, currently interim CFO of the company, will remain in an executive capacity until the publication of the Company’s FY20 results to…
Read moreG3 Vehicle Auctions has signed a new extension to their solus contract with First Response Finance ahead of the upcoming move into a new £12m purpose-build auction centre, with the two companies now committed to a nationwide recovery and disposal agreement until 2023. This new agreement sees First Response Finance become one of the first headline…
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